Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC reduced its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 30.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,076 shares of the electric vehicle producer's stock after selling 6,745 shares during the period. Penserra Capital Management LLC's holdings in Tesla were worth $3,906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TSLA. Rinkey Investments increased its stake in Tesla by 3.5% in the 4th quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock worth $347,000 after acquiring an additional 29 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Tesla by 1.3% in the 4th quarter. Bell Investment Advisors Inc now owns 2,339 shares of the electric vehicle producer's stock worth $945,000 after buying an additional 30 shares during the last quarter. Pitti Group Wealth Management LLC increased its holdings in shares of Tesla by 2.2% in the 4th quarter. Pitti Group Wealth Management LLC now owns 1,470 shares of the electric vehicle producer's stock worth $594,000 after buying an additional 31 shares during the last quarter. True Wealth Design LLC increased its stake in Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 31 shares during the last quarter. Finally, Horrell Capital Management Inc. increased its stake in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Up 1.2%

Shares of TSLA traded up $3.64 during trading on Friday, reaching $313.51. 78,861,329 shares of the company traded hands, compared to its average volume of 99,821,915. The stock has a market cap of $1.01 trillion, a PE ratio of 172.26, a price-to-earnings-growth ratio of 9.22 and a beta of 2.39. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $322.60 and a 200-day simple moving average of $321.24. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released 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 return on equity of 9.02% and a net margin of 6.66%. The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction 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 trade represents a 35.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kimbal Musk sold 91,588 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the sale, the director owned 1,463,220 shares of the company's stock, valued at approximately $522,940,195.80. The trade was a 5.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 835,509 shares of company stock worth $279,420,485. 20.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TSLA has been the topic of several analyst reports. Oppenheimer reissued a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. BNP Paribas set a $137.00 price objective on Tesla and gave the company an "underperform" rating in a research report on Wednesday, April 16th. Piper Sandler restated an "overweight" rating and issued a $400.00 target price on shares of Tesla in a research note on Tuesday, June 10th. Cfra Research cut shares of Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Tesla presently has an average rating of "Hold" and an average price target of $300.19.

Tesla Company 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.