Mogy Joel R Investment Counsel Inc. Has $220,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Mogy Joel R Investment Counsel Inc. trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 83.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 850 shares of the electric vehicle producer's stock after selling 4,145 shares during the quarter. Mogy Joel R Investment Counsel Inc.'s holdings in Tesla were worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Wealth Group Ltd. purchased a new stake in shares of Tesla in the fourth quarter valued at $275,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Tesla in the fourth quarter valued at $1,361,000. Tallon Kerry Patrick purchased a new stake in shares of Tesla in the fourth quarter valued at $374,000. Eagle Capital Management LLC purchased a new position in Tesla during the fourth quarter worth about $331,000. Finally, Brighton Jones LLC lifted its position in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after buying an additional 9,293 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

TSLA traded down $7.32 during trading hours on Thursday, hitting $319.11. The company's stock had a trading volume of 104,392,972 shares, compared to its average volume of 100,720,943. Tesla, Inc. has a fifty-two week low of $176.92 and a fifty-two week high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.03 trillion, a PE ratio of 156.43, a PEG ratio of 5.86 and a beta of 2.47. The company has a 50-day simple moving average of $295.60 and a 200 day simple moving average of $333.11.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The business had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

TSLA has been the topic of several recent analyst reports. Bank of America reduced their target price on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Oppenheimer restated a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Cowen upgraded Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Glj Research restated a "sell" rating and set a $19.05 price target (down from $24.86) on shares of Tesla in a research note on Monday, April 21st. Finally, The Goldman Sachs Group dropped their price target on Tesla from $295.00 to $285.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. Ten investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $293.67.

Insider Activity

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of Tesla stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the transaction, the director now directly owns 855,394 shares in the company, valued at $305,632,276.20. The trade was a 35.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares in the company, valued at $6,737,500. The trade was a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 818,509 shares of company stock worth $273,791,775. 20.70% of the stock is owned by company insiders.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.