New Hampshire Trust Sells 1,080 Shares of Tesla, Inc. (NASDAQ:TSLA)

New Hampshire Trust lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,378 shares of the electric vehicle producer's stock after selling 1,080 shares during the quarter. New Hampshire Trust's holdings in Tesla were worth $2,690,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Tesla by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock valued at $98,211,134,000 after purchasing an additional 3,571,793 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Tesla by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock valued at $24,566,217,000 after buying an additional 1,655,203 shares during the period. Norges Bank acquired a new position in shares of Tesla in the fourth quarter valued at approximately $14,420,248,000. FMR LLC boosted its holdings in shares of Tesla by 40.1% in the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after buying an additional 9,920,325 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Tesla by 21.6% in the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after buying an additional 5,075,418 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity

In related news, Director Joseph Gebbia acquired 4,000 shares of the company's stock in a transaction dated Thursday, April 24th. The shares were bought at an average cost of $256.31 per share, with a total value of $1,025,240.00. Following the completion of the transaction, the director now directly owns 4,111 shares of the company's stock, valued at $1,053,690.41. This trade represents a 3,603.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the transaction, the chief financial officer now directly owns 23,084 shares in the company, valued at approximately $6,833,325.68. This represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 984,783 shares of company stock valued at $320,019,942 over the last ninety days. 20.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on TSLA. Wells Fargo & Company reduced their price target on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a report on Friday, March 14th. Truist Financial set a $280.00 price target on shares of Tesla in a report on Tuesday, April 22nd. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Wedbush reiterated an "outperform" rating and issued a $500.00 price target (up previously from $350.00) on shares of Tesla in a report on Friday, May 23rd. Finally, Piper Sandler set a $400.00 price objective on shares of Tesla in a research report on Tuesday, May 6th. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $293.97.

Tesla Stock Performance

Shares of TSLA traded down $9.34 during trading hours on Friday, hitting $349.09. The company had a trading volume of 122,996,137 shares, compared to its average volume of 98,157,709. The firm has a market cap of $1.12 trillion, a price-to-earnings ratio of 171.12, a PEG ratio of 5.86 and a beta of 2.43. The business has a fifty day moving average of $286.92 and a 200-day moving average of $333.97. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the previous year, the company earned $0.45 earnings per share. Equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Tesla Profile

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.