Pinkerton Retirement Specialists LLC Has $808,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

Pinkerton Retirement Specialists LLC lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 46.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,116 shares of the electric vehicle producer's stock after selling 2,702 shares during the period. Pinkerton Retirement Specialists LLC's holdings in Tesla were worth $808,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in Tesla by 81.6% during the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 1,175 shares of the electric vehicle producer's stock worth $305,000 after buying an additional 528 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Tesla by 3.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 28,359 shares of the electric vehicle producer's stock worth $7,349,000 after buying an additional 887 shares during the period. Whittier Trust Co. raised its holdings in shares of Tesla by 5.2% during the first quarter. Whittier Trust Co. now owns 79,137 shares of the electric vehicle producer's stock valued at $20,508,000 after acquiring an additional 3,917 shares during the period. Lord & Richards Wealth Management LLC acquired a new stake in Tesla during the 1st quarter valued at $274,000. Finally, BluePointe Capital Management LLC raised its position in Tesla by 24.0% during the first quarter. BluePointe Capital Management LLC now owns 5,949 shares of the electric vehicle producer's stock valued at $1,542,000 after buying an additional 1,150 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 6,000 shares of Tesla stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $341.02, for a total transaction of $2,046,120.00. Following the sale, the chief financial officer directly owned 1,950 shares of the company's stock, valued at $664,989. This trade represents a 75.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kimbal Musk sold 91,588 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total value of $32,732,635.32. Following the completion of the transaction, the director directly owned 1,463,220 shares of the company's stock, valued at approximately $522,940,195.80. This trade represents a 5.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 835,509 shares of company stock valued at $279,420,485 in the last three months. Company insiders own 20.70% of the company's stock.

Tesla Stock Performance

TSLA traded up $9.88 during midday trading on Wednesday, reaching $320.66. The company's stock had a trading volume of 66,878,205 shares, compared to its average volume of 99,111,650. The company has a fifty day simple moving average of $324.04 and a 200 day simple moving average of $318.47. The stock has a market cap of $1.03 trillion, a P/E ratio of 176.19, a PEG ratio of 9.43 and a beta of 2.39. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54.

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

Analyst Ratings Changes

TSLA has been the subject of a number of research analyst reports. Piper Sandler reissued an "overweight" rating and issued a $400.00 price target on shares of Tesla in a research report on Tuesday, June 10th. UBS Group set a $290.00 target price on shares of Tesla in a research report on Monday, June 30th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $303.00 price target on shares of Tesla in a research note on Monday, June 30th. The Goldman Sachs Group cut their price objective on Tesla from $315.00 to $285.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, Glj Research restated a "sell" rating and issued a $19.05 target price (down previously from $24.86) on shares of Tesla in a research note on Monday, April 21st. Ten investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tesla presently has an average rating of "Hold" and an average price target of $300.19.

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.