Tesla, Inc. (NASDAQ:TSLA) Shares Sold by NCP Inc.

NCP Inc. lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 34.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,739 shares of the electric vehicle producer's stock after selling 9,828 shares during the quarter. Tesla accounts for 6.6% of NCP Inc.'s portfolio, making the stock its 3rd largest position. NCP Inc.'s holdings in Tesla were worth $4,856,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TSLA. True Wealth Design LLC lifted its stake in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 31 shares in the last quarter. Horrell Capital Management Inc. raised its holdings in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. Navigoe LLC purchased a new stake in shares of Tesla during the fourth quarter worth approximately $37,000. CoreFirst Bank & Trust acquired a new position in Tesla in the 4th quarter valued at $38,000. Finally, Cherry Tree Wealth Management LLC lifted its holdings in Tesla by 86.3% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 44 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

Shares of Tesla stock traded down $27.26 during trading on Thursday, reaching $305.30. The company's stock had a trading volume of 156,220,895 shares, compared to its average volume of 86,459,168. The stock has a 50-day moving average price of $326.13 and a two-hundred day moving average price of $315.92. The stock has a market capitalization of $983.36 billion, a P/E ratio of 176.47, a price-to-earnings-growth ratio of 12.63 and a beta of 2.39. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a one year low of $182.00 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 8.11% and a net margin of 6.54%. The firm had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. During the same period in the prior year, the company posted $0.52 EPS. The firm's quarterly revenue was down 11.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on TSLA shares. Glj Research reissued a "sell" rating on shares of Tesla in a research note on Thursday. Wedbush reiterated an "outperform" rating and issued a $500.00 price objective on shares of Tesla in a report on Tuesday. BNP Paribas set a $137.00 price target on Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. The Goldman Sachs Group cut their price objective on Tesla from $315.00 to $285.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Finally, Stifel Nicolaus set a $450.00 target price on shares of Tesla and gave the company a "buy" rating in a research report on Thursday, April 24th. Ten research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $299.91.

Insiders Place Their Bets

In other news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction dated 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 completion of the sale, the director directly owned 855,394 shares of the company's stock, valued at $305,632,276.20. This represents a 35.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,395 shares of Tesla stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the transaction, the director directly owned 85,000 shares in the company, valued at $23,300,200. The trade was a 56.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 835,509 shares of company stock worth $279,420,485 over the last three months. Insiders own 20.70% of the company's stock.

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.