Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. reduced its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,212 shares of the electric vehicle producer's stock after selling 2,190 shares during the quarter. Brown Advisory Inc.'s holdings in Tesla were worth $6,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Cherry Tree Wealth Management LLC boosted its holdings in shares of Tesla by 86.3% in the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 44 shares during the period. First PREMIER Bank boosted its holdings in shares of Tesla by 79.2% in the first quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 42 shares during the period. Newton One Investments LLC boosted its holdings in shares of Tesla by 250.0% in the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after acquiring an additional 75 shares during the period. True Wealth Design LLC boosted its holdings in shares of 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 during the period. Finally, Centennial Bank AR boosted its holdings in shares of Tesla by 833.3% in the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock worth $29,000 after acquiring an additional 100 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president directly owned 67,600 shares in the company, valued at approximately $21,889,556. The trade was a 18.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kimbal Musk sold 91,588 shares of the stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 835,509 shares of company stock worth $279,420,485 over the last quarter. Insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. 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. HSBC reissued a "reduce" rating and set a $120.00 price objective on shares of Tesla in a research note on Thursday, July 3rd. The Goldman Sachs Group dropped their price objective on Tesla from $315.00 to $285.00 and set a "neutral" rating for the company in a research note on Friday. Raymond James Financial lowered Tesla to an "outperform" rating in a research note on Tuesday, April 22nd. Finally, Roth Mkm dropped their price objective on Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Ten investment 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $300.19.

Tesla Trading Down 1.9%

Tesla stock traded down $6.12 during mid-day trading on Tuesday, hitting $310.78. The company's stock had a trading volume of 75,901,193 shares, compared to its average volume of 99,418,717. Tesla, Inc. has a 1 year low of $182.00 and a 1 year high of $488.54. The stock's fifty day moving average is $323.33 and its two-hundred day moving average is $318.52. The firm has a market capitalization of $1.00 trillion, a PE ratio of 170.76, a price-to-earnings-growth ratio of 9.33 and a beta of 2.39. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The firm had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same period in the previous year, the business posted $0.45 EPS. On average, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current 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.