Tesla, Inc. (NASDAQ:TSLA) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 95.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 970 shares of the electric vehicle producer's stock after selling 20,720 shares during the period. XTX Topco Ltd's holdings in Tesla were worth $251,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Rinkey Investments grew its holdings in shares of Tesla by 3.5% during the fourth quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock worth $347,000 after buying an additional 29 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 31 shares in the last quarter. Aldebaran Financial Inc. grew its holdings in shares of Tesla by 3.1% during the fourth quarter. Aldebaran Financial Inc. now owns 1,174 shares of the electric vehicle producer's stock worth $490,000 after buying an additional 35 shares in the last quarter. Acorn Wealth Advisors LLC grew its holdings in shares of Tesla by 1.9% during the first quarter. Acorn Wealth Advisors LLC now owns 1,901 shares of the electric vehicle producer's stock worth $493,000 after buying an additional 36 shares in the last quarter. Finally, Capital Management Associates Inc grew its holdings in shares of Tesla by 3.4% during the first quarter. Capital Management Associates Inc now owns 1,166 shares of the electric vehicle producer's stock worth $302,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the transaction, the senior vice president owned 67,600 shares in the company, valued at approximately $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the 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 completion of the transaction, the director owned 855,394 shares in the company, valued at $305,632,276.20. This represents a 35.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 602,724 shares of company stock worth $214,176,831. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Up 2.8%

TSLA stock opened at $339.03 on Tuesday. The company has a 50 day moving average of $318.61 and a two-hundred day moving average of $306.24. The company has a market cap of $1.09 trillion, a price-to-earnings ratio of 195.97, a PEG ratio of 11.46 and a beta of 2.33. Tesla, Inc. has a 12-month low of $194.67 and a 12-month high of $488.54. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $22.50 billion during the quarter, compared to analysts' expectations of $23.18 billion. During the same quarter last year, the firm earned $0.52 EPS. The business's revenue for the quarter was down 11.8% compared to the same quarter last year. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on TSLA. Truist Financial set a $280.00 price target on shares of Tesla in a report on Tuesday, April 22nd. Argus restated a "hold" rating on shares of Tesla in a report on Monday, June 9th. Glj Research restated a "sell" rating on shares of Tesla in a report on Thursday, July 24th. The Goldman Sachs Group lowered their target price on shares of Tesla from $315.00 to $285.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, BNP Paribas set a $137.00 target price on shares of Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus price target of $303.31.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.