Tesla, Inc. (NASDAQ:TSLA) Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 290,411 shares of the electric vehicle producer's stock after selling 8,706 shares during the quarter. Tesla comprises about 2.5% of SBI Securities Co. Ltd.'s investment portfolio, making the stock its 10th largest holding. SBI Securities Co. Ltd.'s holdings in Tesla were worth $75,263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. True Wealth Design LLC raised its position in Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 31 shares in the last quarter. Horrell Capital Management Inc. grew its stake in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after buying an additional 34 shares in the last quarter. GS Investments Inc. grew its stake in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares in the last quarter. Navigoe LLC bought a new stake in Tesla during the fourth quarter worth approximately $37,000. Finally, CoreFirst Bank & Trust bought a new stake in Tesla during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented 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. Guggenheim restated a "sell" rating and issued a $175.00 target price on shares of Tesla in a research note on Tuesday, July 8th. Canaccord Genuity Group reiterated a "buy" rating and set a $303.00 price objective on shares of Tesla in a research note on Monday, June 30th. Mizuho dropped their price objective on Tesla from $390.00 to $375.00 and set an "outperform" rating for the company in a research note on Tuesday, July 8th. Finally, Baird R W lowered Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. Ten research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tesla has an average rating of "Hold" and an average target price of $300.19.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,000 shares of Tesla stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the sale, the chief financial officer owned 5,924 shares of the company's stock, valued at approximately $1,777,200. This trade represents a 25.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 91,588 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total value of $32,732,635.32. Following the transaction, the director directly owned 1,463,220 shares in the company, valued at $522,940,195.80. This trade represents a 5.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 835,509 shares of company stock worth $279,420,485 in the last 90 days. 20.70% of the stock is owned by corporate insiders.

Tesla Trading Up 1.2%

NASDAQ TSLA opened at $313.51 on Monday. The firm has a market cap of $1.01 trillion, a P/E ratio of 172.26, a P/E/G ratio of 9.33 and a beta of 2.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. The stock's 50-day moving average is $322.60 and its 200-day moving average is $319.32. Tesla, Inc. has a one year low of $182.00 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same period in the prior year, the business earned $0.45 EPS. Sell-side 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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