Rathbones Group PLC Sells 15,048 Shares of Tesla, Inc. (NASDAQ:TSLA)

Rathbones Group PLC decreased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 84,501 shares of the electric vehicle producer's stock after selling 15,048 shares during the period. Rathbones Group PLC's holdings in Tesla were worth $21,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC boosted its holdings in Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 31 shares in the last quarter. Navigoe LLC bought a new stake in Tesla in the fourth quarter valued at $37,000. Cherry Tree Wealth Management LLC boosted its holdings in Tesla by 86.3% in the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after acquiring an additional 44 shares in the last quarter. First PREMIER Bank boosted its holdings in Tesla by 79.2% in the first quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in Tesla in the fourth quarter valued at $39,000. Institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays lowered their price objective on Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Royal Bank Of Canada reissued an "overweight" rating on shares of Tesla in a research report on Tuesday, July 29th. The Goldman Sachs Group lowered 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. Daiwa Capital Markets reissued a "neutral" rating on shares of Tesla in a research report on Sunday, July 27th. Finally, Glj Research reissued a "sell" rating on shares of Tesla in a research report on Thursday, July 24th. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $303.31.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $340.84 on Wednesday. Tesla, Inc. has a fifty-two week low of $197.06 and a fifty-two week high of $488.54. The firm has a market cap of $1.10 trillion, a price-to-earnings ratio of 197.02, a price-to-earnings-growth ratio of 11.79 and a beta of 2.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The business has a 50-day simple moving average of $318.54 and a two-hundred day simple moving average of $306.48.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. During the same period in the previous year, the company earned $0.52 EPS. Tesla's revenue for the quarter was down 11.8% compared to the same quarter last year. On average, analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,000 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer owned 5,924 shares of the company's stock, valued at $1,777,200. This represents a 25.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director directly owned 855,394 shares of the company's stock, valued at $305,632,276.20. The trade was a 35.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 602,724 shares of company stock worth $214,176,831 over the last 90 days. 20.70% of the stock is owned by company 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.

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