Vanguard Capital Wealth Advisors Sells 950 Shares of Tesla, Inc. (NASDAQ:TSLA)

Vanguard Capital Wealth Advisors trimmed its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,154 shares of the electric vehicle producer's stock after selling 950 shares during the quarter. Tesla comprises about 1.0% of Vanguard Capital Wealth Advisors' holdings, making the stock its 23rd biggest position. Vanguard Capital Wealth Advisors' holdings in Tesla were worth $817,000 as of its most recent filing with the Securities and Exchange Commission.

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 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 valued at $28,000 after purchasing an additional 31 shares during the last quarter. Horrell Capital Management Inc. raised its stake in shares of Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. lifted 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 in the last quarter. Navigoe LLC purchased a new position in Tesla during the 4th quarter valued at about $37,000. Finally, CoreFirst Bank & Trust purchased a new position in Tesla during the fourth quarter valued at approximately $38,000. Institutional investors own 66.20% of the company's stock.

Tesla Trading Up 5.7%

Shares of NASDAQ TSLA traded up $17.51 during midday trading on Tuesday, hitting $326.09. 150,182,854 shares of the company traded hands, compared to its average volume of 100,430,232. Tesla, Inc. has a 12-month low of $167.41 and a 12-month high of $488.54. The firm has a market cap of $1.05 trillion, a P/E ratio of 159.85, a P/E/G ratio of 5.86 and a beta of 2.47. The stock has a 50-day moving average price of $293.86 and a 200 day moving average price of $333.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share 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 analysts' expectations of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter last year, the company posted $0.45 EPS. As a group, analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,564 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $285.71, for a total transaction of $732,560.44. Following the sale, the chief financial officer now owns 5,924 shares of the company's stock, valued at $1,692,546.04. The trade was a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph Gebbia bought 4,000 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were acquired at an average cost of $256.31 per share, with a total value of $1,025,240.00. Following the purchase, the director now directly owns 4,111 shares of the company's stock, valued at approximately $1,053,690.41. This represents a 3,603.60% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 818,509 shares of company stock worth $273,791,775. 20.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on TSLA shares. TD Cowen raised Tesla from a "hold" rating to a "buy" rating and raised their price target for the company from $180.00 to $388.00 in a report on Friday, March 7th. The Goldman Sachs Group dropped their target price on shares of Tesla from $295.00 to $285.00 and set a "neutral" rating for the company in a research report on Friday. Canaccord Genuity Group decreased their price target on shares of Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Piper Sandler reaffirmed an "overweight" rating on shares of Tesla in a report on Tuesday. Finally, Wedbush set a $500.00 target price on Tesla in a research note on Thursday, June 5th. Ten investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average target price of $293.67.

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.