Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Ramsay Stattman Vela & Price Inc.

Ramsay Stattman Vela & Price Inc. lowered its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,020 shares of the electric vehicle producer's stock after selling 1,000 shares during the period. Ramsay Stattman Vela & Price Inc.'s holdings in Tesla were worth $3,374,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Rinkey Investments grew its stake in shares of Tesla by 3.5% in the 4th quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock valued at $347,000 after buying an additional 29 shares during the period. Pitti Group Wealth Management LLC grew its stake 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 valued at $594,000 after buying an additional 31 shares during the period. True Wealth Design LLC grew its stake in shares of 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 during the period. Horrell Capital Management Inc. grew its stake in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after buying an additional 34 shares during the period. Finally, Aldebaran Financial Inc. grew its stake in shares of Tesla by 3.1% in the 4th quarter. Aldebaran Financial Inc. now owns 1,174 shares of the electric vehicle producer's stock valued at $490,000 after buying an additional 35 shares during the period. Institutional investors own 66.20% of the company's stock.

Tesla Trading Up 1.2%

Shares of NASDAQ TSLA traded up $3.64 during trading on Friday, hitting $313.51. 78,861,329 shares of the company traded hands, compared to its average volume of 99,821,912. Tesla, Inc. has a 1 year low of $182.00 and a 1 year high of $488.54. The company has a 50-day moving average price of $322.60 and a 200-day moving average price of $321.24. The firm has a market capitalization of $1.01 trillion, a P/E ratio of 172.26, a P/E/G 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.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The company had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TSLA shares. Cfra Research cut shares of Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a research report on Wednesday, April 23rd. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the company a "buy" rating in a research report on Thursday, April 24th. Barclays reduced their price objective on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $303.00 price target on shares of Tesla in a research note on Monday, June 30th. Ten analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $300.19.

Insider Activity at Tesla

In related news, Director Kimbal Musk sold 91,588 shares of the company's stock in a transaction on 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 directly owned 1,463,220 shares of the company's stock, valued at approximately $522,940,195.80. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,000 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer directly owned 5,924 shares of the company's stock, valued at approximately $1,777,200. This trade represents a 25.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 835,509 shares of company stock valued at $279,420,485 over the last quarter. 20.70% of the stock is currently owned by corporate insiders.

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.