Bank Julius Baer & Co. Ltd Zurich Has $11.58 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Bank Julius Baer & Co. Ltd Zurich lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,679 shares of the electric vehicle producer's stock after selling 2,538 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Tesla were worth $11,579,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. True Wealth Design LLC raised its stake in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 31 shares during the period. Navigoe LLC bought a new stake in Tesla in the 4th quarter valued at $37,000. CoreFirst Bank & Trust bought a new stake in Tesla in the 4th quarter valued at $38,000. Cherry Tree Wealth Management LLC raised its stake in Tesla by 86.3% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after acquiring an additional 44 shares during the period. Finally, First PREMIER Bank raised its stake in Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after acquiring an additional 42 shares during the period. Institutional investors own 66.20% of the company's stock.

Insiders Place Their Bets

In related news, Director Kimbal Musk sold 91,588 shares of the firm'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 transaction of $32,732,635.32. Following the completion of the sale, the director owned 1,463,220 shares of the company's stock, valued at $522,940,195.80. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,000 shares of the firm's 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 directly owned 5,924 shares of the company's stock, valued at $1,777,200. This represents a 25.24% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 835,509 shares of company stock worth $279,420,485. Company insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TSLA. Mizuho dropped their price target on Tesla from $390.00 to $375.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 8th. William Blair lowered Tesla from an "outperform" rating to a "market perform" rating in a report on Monday, July 7th. JPMorgan Chase & Co. decreased their price objective on Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group decreased their price objective on Tesla from $315.00 to $285.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Finally, BNP Paribas set a $137.00 price objective on Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus price target of $302.75.

Tesla Trading Up 3.5%

Shares of TSLA traded up $10.76 during mid-day trading on Friday, reaching $316.06. 147,437,834 shares of the company were exchanged, compared to its average volume of 90,285,424. Tesla, Inc. has a 52 week low of $182.00 and a 52 week high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.04. The stock has a market capitalization of $1.02 trillion, a PE ratio of 182.69, a PEG ratio of 12.00 and a beta of 2.39. The business has a 50 day simple moving average of $324.70 and a two-hundred day simple moving average of $314.09.

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