RMR Wealth Builders Has $3.21 Million Position in Tesla, Inc. (NASDAQ:TSLA)

RMR Wealth Builders lessened its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 19.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,379 shares of the electric vehicle producer's stock after selling 2,997 shares during the period. RMR Wealth Builders' holdings in Tesla were worth $3,208,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TSLA. RFG Holdings Inc. raised its position in shares of Tesla by 15.7% in the 1st quarter. RFG Holdings Inc. now owns 4,178 shares of the electric vehicle producer's stock valued at $1,083,000 after purchasing an additional 566 shares during the last quarter. Thomasville National Bank lifted its stake in shares of Tesla by 34.1% during the first quarter. Thomasville National Bank now owns 1,581 shares of the electric vehicle producer's stock worth $410,000 after buying an additional 402 shares during the period. Polianta Ltd acquired a new position in shares of Tesla in the 1st quarter valued at $1,114,000. Bellecapital International Ltd. raised its stake in Tesla by 173.2% in the 1st 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. Finally, McElhenny Sheffield Capital Management LLC lifted its position in Tesla by 34.0% during the 1st quarter. McElhenny Sheffield Capital Management LLC now owns 2,221 shares of the electric vehicle producer's stock worth $576,000 after acquiring an additional 564 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 1,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the transaction, the chief financial officer now owns 1,950 shares of the company's stock, valued at approximately $682,500. This represents a 33.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the sale, the director now directly owns 855,394 shares of the company's stock, valued at $305,632,276.20. The trade was a 35.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 818,509 shares of company stock worth $273,791,775. Corporate insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Roth Mkm cut their price objective on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Mizuho upped their price target on shares of Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Piper Sandler reaffirmed an "overweight" rating and set a $400.00 price objective on shares of Tesla in a research note on Tuesday, June 10th. Baird R W downgraded Tesla from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 9th. Finally, Wedbush set a $500.00 target price on Tesla in a research note on Thursday, June 5th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $293.67.

Tesla Stock Up 1.2%

Shares of NASDAQ:TSLA traded up $3.82 during midday trading on Monday, hitting $329.13. 82,424,471 shares of the stock were exchanged, compared to its average volume of 100,763,096. The business's fifty day simple moving average is $299.39 and its two-hundred day simple moving average is $332.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 52-week low of $177.00 and a 52-week high of $488.54. The company has a market capitalization of $1.06 trillion, a PE ratio of 161.34, a P/E/G ratio of 5.86 and a beta of 2.47.

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 the consensus estimate of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate 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 business posted $0.45 EPS. As a group, research analysts predict 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.