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

Kessler Investment Group LLC cut its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 98.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 312 shares of the electric vehicle producer's stock after selling 22,263 shares during the period. Kessler Investment Group LLC's holdings in Tesla were worth $81,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TSLA. True Wealth Design LLC increased its stake 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 acquiring an additional 31 shares during the last quarter. Horrell Capital Management Inc. grew its stake in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. GS Investments Inc. grew its stake in Tesla by 193.3% during the 4th 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 in the last quarter. Navigoe LLC acquired a new stake in shares of Tesla during the fourth quarter worth approximately $37,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Tesla during the fourth quarter worth approximately $38,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TSLA shares. Barclays decreased their price objective on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. UBS Group upped their price target on shares of Tesla from $190.00 to $215.00 and gave the stock a "sell" rating in a research note on Monday, June 23rd. TD Cowen raised shares of Tesla from a "hold" rating to a "buy" rating and increased their target price for the company from $180.00 to $388.00 in a research note on Friday, March 7th. Raymond James Financial downgraded Tesla to an "outperform" rating in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group restated a "neutral" rating on shares of Tesla in a report on Friday, June 20th. Ten research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $298.37.

Tesla Trading Down 0.7%

Shares of TSLA stock opened at $323.63 on Friday. The business's fifty day moving average is $314.93 and its 200 day moving average is $329.82. Tesla, Inc. has a 52-week low of $182.00 and a 52-week high of $488.54. The company has a market capitalization of $1.04 trillion, a PE ratio of 177.82, a price-to-earnings-growth ratio of 12.10 and a beta of 2.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00.

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

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $6,737,500. This trade represents a 12.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 833,509 shares of company stock valued at $278,648,925 over the last three months. 20.70% of the stock is owned by corporate insiders.

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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