Tesla, Inc. (NASDAQ:TSLA) Holdings Raised by Triglav Skladi D.O.O.

Key Points

• Triglav Skladi D.O.O. raised its holdings in Tesla, Inc. by 1.3%, now owning 70,500 shares valued at approximately $18.27 million.
• Insider sales included Ira Matthew Ehrenpreis, who sold 477,572 shares for about $170.64 million, indicating a 35.83% decrease in their ownership.
• Tesla's quarterly earnings revealed $0.40 EPS, missing estimates, with revenue down 11.8% compared to last year, totaling $22.50 billion.

Triglav Skladi D.O.O. increased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,500 shares of the electric vehicle producer's stock after acquiring an additional 900 shares during the quarter. Tesla comprises about 1.5% of Triglav Skladi D.O.O.'s investment portfolio, making the stock its 18th biggest position. Triglav Skladi D.O.O.'s holdings in Tesla were worth $18,271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. True Wealth Design LLC boosted its holdings 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 purchasing an additional 31 shares during the last quarter. Navigoe LLC acquired a new stake in Tesla in the fourth quarter valued at $37,000. Cherry Tree Wealth Management LLC lifted its stake 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 during the last quarter. First PREMIER Bank lifted its stake 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 during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Tesla in the fourth quarter valued at $39,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction that occurred on 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 sale, the director owned 855,394 shares in the company, valued at $305,632,276.20. This represents a 35.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 5,924 shares of the company's stock, valued at $1,777,200. The trade was a 25.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 602,724 shares of company stock worth $214,176,831 over the last ninety days. Insiders own 20.70% of the company's stock.

Tesla Stock Performance

TSLA stock opened at $340.84 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The business has a 50-day moving average price of $318.54 and a 200 day moving average price of $306.48. The company has a market capitalization of $1.10 trillion, a P/E ratio of 197.02, a PEG ratio of 11.79 and a beta of 2.33. Tesla, Inc. has a 1-year low of $197.06 and a 1-year high of $488.54.

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

Analyst Upgrades and Downgrades

Several analysts have 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. Argus reiterated a "hold" rating on shares of Tesla in a research note on Monday, June 9th. Truist Financial set a $280.00 target price on shares of Tesla in a research report on Tuesday, April 22nd. Raymond James Financial cut shares of Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Finally, Benchmark reissued a "buy" rating and set a $475.00 target price (up from $350.00) on shares of Tesla in a report on Thursday, June 26th. Ten investment analysts have rated the stock with a sell rating, fifteen 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 a consensus rating of "Hold" and a consensus price target of $303.31.

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.

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