Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Clarius Group LLC

Clarius Group LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,892 shares of the electric vehicle producer's stock after selling 2,091 shares during the period. Clarius Group LLC's holdings in Tesla were worth $6,969,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tesla in the 4th quarter worth $56,600,000. Focus Financial Network Inc. raised its holdings in Tesla by 3.1% during the first quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock worth $5,823,000 after purchasing an additional 670 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its position in Tesla by 133.7% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after purchasing an additional 1,629 shares during the period. Harvard Management Co. Inc. purchased a new stake in Tesla in the 4th quarter valued at approximately $8,158,000. Finally, Blackston Financial Advisory Group LLC increased its position in Tesla by 40.4% during the 1st quarter. Blackston Financial Advisory Group LLC now owns 3,040 shares of the electric vehicle producer's stock worth $788,000 after purchasing an additional 874 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Raymond James Financial downgraded Tesla to an "outperform" rating in a research note on Tuesday, April 22nd. Argus reissued a "hold" rating on shares of Tesla in a report on Monday, June 9th. Barclays lowered their price target on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Piper Sandler reiterated an "overweight" rating and issued a $400.00 price objective on shares of Tesla in a research note on Tuesday, June 10th. Finally, TD Cowen raised shares of Tesla from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $180.00 to $388.00 in a report on Friday, March 7th. Ten investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $293.67.

Insider Buying and Selling

In other Tesla news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction dated 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 now directly owns 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 legal filing with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the transaction, the senior vice president now owns 67,600 shares in the company, valued at approximately $21,889,556. This trade represents a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 833,509 shares of company stock valued at $278,648,925. Insiders own 20.70% of the company's stock.

Tesla Price Performance

TSLA stock opened at $316.73 on Wednesday. The stock has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 174.03, a price-to-earnings-growth ratio of 12.36 and a beta of 2.47. 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, Inc. has a 52-week low of $179.66 and a 52-week high of $488.54. The stock's fifty day simple moving average is $302.42 and its 200-day simple moving average is $332.66.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The business had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the business posted $0.45 earnings per share. Equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

About Tesla

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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