Relyea Zuckerberg Hanson LLC Has $1.35 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Relyea Zuckerberg Hanson LLC decreased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,203 shares of the electric vehicle producer's stock after selling 824 shares during the quarter. Relyea Zuckerberg Hanson LLC's holdings in Tesla were worth $1,348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Quintet Private Bank Europe S.A. grew its stake in shares of Tesla by 44.2% in the first quarter. Quintet Private Bank Europe S.A. now owns 59,036 shares of the electric vehicle producer's stock worth $15,300,000 after acquiring an additional 18,093 shares during the last quarter. RFG Holdings Inc. grew its stake in shares of Tesla by 15.7% in the first quarter. RFG Holdings Inc. now owns 4,178 shares of the electric vehicle producer's stock worth $1,083,000 after acquiring an additional 566 shares during the last quarter. Thomasville National Bank grew its stake in shares of Tesla by 34.1% in the first quarter. Thomasville National Bank now owns 1,581 shares of the electric vehicle producer's stock worth $410,000 after acquiring an additional 402 shares during the last quarter. Polianta Ltd acquired a new stake in shares of Tesla in the first quarter worth $1,114,000. Finally, Bellecapital International Ltd. grew its stake in shares of Tesla by 173.2% in the first quarter. Bellecapital International Ltd. now owns 4,324 shares of the electric vehicle producer's stock worth $1,121,000 after acquiring an additional 2,741 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now owns 26,950 shares of the company's stock, valued at $6,737,500. This trade represents a 12.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,395 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total value of $30,809,717.40. Following the sale, the director now directly owns 85,000 shares of the company's stock, valued at $23,300,200. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 818,509 shares of company stock valued at $273,791,775. 20.70% of the stock is owned by company insiders.

Tesla Stock Up 1.9%

NASDAQ:TSLA traded up $6.20 during trading hours on Friday, reaching $325.31. 128,417,075 shares of the stock were exchanged, compared to its average volume of 100,761,816. Tesla, Inc. has a twelve month low of $176.92 and a twelve month high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm has a 50 day moving average of $297.32 and a 200 day moving average of $332.97. The stock has a market cap of $1.05 trillion, a PE ratio of 159.47, a PEG ratio of 5.86 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the previous year, the company posted $0.45 EPS. On average, equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on TSLA. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 23rd. Cantor Fitzgerald decreased their price target on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Guggenheim reiterated a "sell" rating and set a $170.00 price target on shares of Tesla in a research note on Thursday, April 24th. Finally, Barclays decreased their price target on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Ten investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $293.67.

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.