Jacobs & Co. CA Has $1.81 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Jacobs & Co. CA decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 19.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,965 shares of the electric vehicle producer's stock after selling 1,704 shares during the period. Jacobs & Co. CA's holdings in Tesla were worth $1,805,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. True Wealth Design LLC boosted its holdings in shares of Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 31 shares during the period. Horrell Capital Management Inc. boosted its holdings in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. grew its position in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC bought a new position in shares of Tesla in the fourth quarter worth about $37,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of Tesla during the 4th quarter worth about $38,000. 66.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TSLA shares. UBS Group cut their price target on Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a report on Thursday, April 10th. Roth Mkm cut their target price on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. BNP Paribas set a $137.00 price target on shares of Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and set a $350.00 price objective on shares of Tesla in a research report on Wednesday, April 23rd. Finally, Raymond James downgraded Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $293.97.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,672 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at $7,242,273.50. The trade was a 9.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the completion of the sale, the director now directly owns 85,000 shares of the company's stock, valued at approximately $25,466,850. The trade was a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 984,783 shares of company stock worth $320,019,942 in the last 90 days. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Down 2.6%

TSLA traded down $9.34 during trading hours on Friday, hitting $349.09. 122,996,137 shares of the company's stock were exchanged, compared to its average volume of 98,157,709. The stock has a market cap of $1.12 trillion, a price-to-earnings ratio of 171.12, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. The stock's 50-day moving average is $286.92 and its two-hundred day moving average is $334.13. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter in the prior year, the company earned $0.45 earnings per share. Sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.