Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. decreased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 40.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,711 shares of the electric vehicle producer's stock after selling 1,818 shares during the quarter. Whitaker Myers Wealth Managers LTD.'s holdings in Tesla were worth $702,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wealth Group Ltd. purchased a new position in Tesla during the 4th quarter worth approximately $275,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Tesla in the fourth quarter worth $1,361,000. Tallon Kerry Patrick acquired a new stake in shares of Tesla in the fourth quarter worth $374,000. Eagle Capital Management LLC purchased a new position in shares of Tesla during the fourth quarter valued at $331,000. Finally, Brighton Jones LLC raised its position in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after buying an additional 9,293 shares during the period. Institutional investors own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of several research analyst reports. Wedbush set a $500.00 target price on Tesla in a research note on Thursday. Barclays decreased their price target on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Mizuho boosted their price objective on shares of Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Raymond James downgraded shares of Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Finally, HSBC decreased their target price on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research note on Thursday, March 27th. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Tesla has an average rating of "Hold" and a consensus target price of $294.27.

Tesla Trading Up 3.7%

Shares of TSLA opened at $295.14 on Friday. The stock's 50-day moving average price is $292.17 and its 200 day moving average price is $333.56. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $950.63 billion, a price-to-earnings ratio of 144.68, a P/E/G ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a 12-month low of $167.41 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The firm 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 quarter in the prior year, the firm posted $0.45 earnings per share. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the sale, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 870,721 shares of company stock worth $286,248,728 over the last three months. 20.70% of the stock is currently owned by corporate insiders.

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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