Tesla, Inc. (NASDAQ:TSLA) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 25.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 15,057 shares of the electric vehicle producer's stock after selling 5,239 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Tesla were worth $3,902,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in TSLA. Susquehanna Fundamental Investments LLC acquired a new position in shares of Tesla in the 4th quarter worth approximately $56,600,000. Means Investment CO. Inc. increased its holdings in Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock valued at $5,984,000 after purchasing an additional 6,323 shares in the last quarter. Focus Financial Network Inc. increased its holdings in Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock valued at $5,823,000 after purchasing an additional 670 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Tesla by 8.5% during the 1st quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer's stock valued at $153,436,000 after purchasing an additional 46,087 shares in the last quarter. Finally, Harvard Management Co. Inc. acquired a new stake in Tesla during the 4th quarter valued at $8,158,000. Institutional investors own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TSLA. Argus restated a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Canaccord Genuity Group reiterated a "buy" rating and set a $303.00 target price on shares of Tesla in a report on Monday, June 30th. JPMorgan Chase & Co. reduced their target price on Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a report on Wednesday, April 23rd. UBS Group set a $290.00 target price on Tesla in a report on Monday, June 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Ten equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $301.13.

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 15,000 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the transaction, the senior vice president directly owned 67,600 shares of the company's stock, valued at $21,889,556. This represents a 18.16% decrease in their position. The transaction 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 stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the completion of the sale, the director directly owned 85,000 shares in the company, valued at approximately $23,300,200. The trade was a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 829,509 shares of company stock worth $277,648,925 over the last ninety days. 20.70% of the stock is currently owned by insiders.

Tesla Stock Down 0.6%

Shares of TSLA stock traded down $1.93 during trading on Wednesday, reaching $295.88. The company's stock had a trading volume of 75,143,508 shares, compared to its average volume of 100,488,192. 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 company has a market capitalization of $953.02 billion, a price-to-earnings ratio of 162.57, a P/E/G ratio of 8.86 and a beta of 2.39. The stock's 50-day moving average price is $321.21 and its 200 day moving average price is $323.29. Tesla, Inc. has a 1-year low of $182.00 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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 business had revenue of $19.34 billion during 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 last year, the firm posted $0.45 EPS. On average, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

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.