Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Mountain Capital Investment Advisors Inc.

Mountain Capital Investment Advisors Inc. decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 51.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,352 shares of the electric vehicle producer's stock after selling 16,580 shares during the period. Tesla comprises approximately 0.7% of Mountain Capital Investment Advisors Inc.'s holdings, making the stock its 12th largest position. Mountain Capital Investment Advisors Inc.'s holdings in Tesla were worth $3,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSLA. Norges Bank purchased a new stake in Tesla during the 4th quarter valued at approximately $14,420,248,000. FMR LLC grew its stake in Tesla by 40.1% during the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after acquiring an additional 9,920,325 shares in the last quarter. GAMMA Investing LLC grew its stake in Tesla by 27,378.6% during the first quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock valued at $2,542,960,000 after acquiring an additional 9,776,607 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Tesla by 4,963.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock valued at $2,356,288,000 after acquiring an additional 5,719,466 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Tesla by 21.6% in the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock worth $11,541,592,000 after purchasing an additional 5,075,418 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TSLA shares. Royal Bank Of Canada cut their price target on Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Oppenheimer reissued a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Raymond James Financial lowered Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Morgan Stanley reiterated an "overweight" rating and issued a $410.00 target price on shares of Tesla in a report on Friday, June 6th. Finally, Barclays dropped their price objective on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Ten equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $301.60.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,564 shares of Tesla stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $285.71, for a total transaction of $732,560.44. Following the completion of the transaction, the chief financial officer owned 5,924 shares in the company, valued at approximately $1,692,546.04. The trade was a 30.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the senior vice president directly owned 67,600 shares of the company's stock, valued at $21,889,556. The trade was a 18.16% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 829,509 shares of company stock valued at $277,648,925. 20.70% of the stock is owned by company insiders.

Tesla Stock Down 6.8%

TSLA stock traded down $21.41 during mid-day trading on Monday, reaching $293.94. The company had a trading volume of 130,417,797 shares, compared to its average volume of 101,042,864. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. The firm has a fifty day simple moving average of $320.93 and a 200 day simple moving average of $324.35. The company has a market capitalization of $946.77 billion, a price-to-earnings ratio of 161.51, a price-to-earnings-growth ratio of 9.17 and a beta of 2.39. Tesla, Inc. has a fifty-two week low of $182.00 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The firm 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 company posted $0.45 earnings per share. Analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.