Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,446 shares of the electric vehicle producer's stock after selling 1,685 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Tesla were worth $1,340,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC raised its position 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 acquiring an additional 31 shares during the last quarter. Horrell Capital Management Inc. increased its position in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. raised its holdings in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC acquired a new position in Tesla during the 4th quarter valued at about $37,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Tesla in the 4th quarter valued at about $38,000. 66.20% of the stock is owned by institutional investors.

Tesla Stock Up 1.2%

Shares of TSLA stock traded up $3.86 during trading hours on Monday, reaching $329.17. 74,595,312 shares of the company's stock were exchanged, compared to its average volume of 100,762,865. The stock's 50 day moving average is $299.39 and its 200-day moving average is $332.88. Tesla, Inc. has a fifty-two week low of $177.00 and a fifty-two week high of $488.54. The company has a market cap of $1.06 trillion, a price-to-earnings ratio of 161.36, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter last year, the company posted $0.45 EPS. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TSLA shares. Cfra Research cut shares of Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Roth Mkm decreased 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. Cantor Fitzgerald dropped their price objective on Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lowered their price target on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a research note on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $293.67.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 112,395 shares of the business's 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 sale, the director now directly owns 85,000 shares in the company, valued at $23,300,200. This represents a 56.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia bought 4,000 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was bought at an average price of $256.31 per share, with a total value of $1,025,240.00. Following the completion of the acquisition, the director now owns 4,111 shares of the company's stock, valued at $1,053,690.41. This trade represents a 3,603.60% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 818,509 shares of company stock worth $273,791,775. Company insiders own 20.70% of the company's stock.

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.