Tesla, Inc. (NASDAQ:TSLA) Shares Sold by PSI Advisors LLC

PSI Advisors LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 60.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,772 shares of the electric vehicle producer's stock after selling 4,187 shares during the quarter. PSI Advisors LLC's holdings in Tesla were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TSLA. Wealth Group Ltd. bought a new stake in Tesla during the fourth quarter worth approximately $275,000. Tallon Kerry Patrick acquired a new stake in shares of Tesla during the 4th quarter valued at $374,000. Eagle Capital Management LLC bought a new stake in shares of Tesla during the 4th quarter worth $331,000. Brighton Jones LLC grew its holdings in shares of Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after acquiring an additional 9,293 shares during the last quarter. Finally, Revolve Wealth Partners LLC grew its holdings in shares of Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after acquiring an additional 931 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TSLA shares. Benchmark reaffirmed a "buy" rating and set a $350.00 target price on shares of Tesla in a report on Wednesday, April 23rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a research note on Wednesday, April 23rd. Guggenheim reiterated a "sell" rating on shares of Tesla in a report on Friday, June 13th. Oppenheimer reissued a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Finally, Bank of America reduced their price target on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Ten analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $293.67.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,564 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was 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 now directly owns 5,924 shares in the company, valued at $1,692,546.04. The trade was a 30.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the sale, the senior vice president now directly owns 67,600 shares of the company's stock, valued at $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 833,509 shares of company stock valued at $278,648,925 over the last 90 days. 20.70% of the stock is currently owned by company insiders.

Tesla Price Performance

NASDAQ TSLA opened at $322.05 on Thursday. Tesla, Inc. has a fifty-two week low of $179.66 and a fifty-two week high of $488.54. The stock's 50-day moving average is $303.42 and its two-hundred day moving average is $332.59. The firm has a market cap of $1.04 trillion, a P/E ratio of 176.95, a price-to-earnings-growth ratio of 11.88 and a beta of 2.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate 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 posted $0.45 earnings per share. On average, analysts anticipate 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.

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