Whipplewood Advisors LLC Sells 1,103 Shares of Tesla, Inc. (NASDAQ:TSLA)

Whipplewood Advisors LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,957 shares of the electric vehicle producer's stock after selling 1,103 shares during the period. Tesla makes up about 0.9% of Whipplewood Advisors LLC's portfolio, making the stock its 25th largest holding. Whipplewood Advisors LLC's holdings in Tesla were worth $2,831,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TSLA. Juncture Wealth Strategies LLC grew its position in Tesla by 20.9% in the first quarter. Juncture Wealth Strategies LLC now owns 1,355 shares of the electric vehicle producer's stock valued at $351,000 after acquiring an additional 234 shares during the last quarter. Planned Solutions Inc. lifted its stake in shares of Tesla by 17.6% in the first quarter. Planned Solutions Inc. now owns 1,087 shares of the electric vehicle producer's stock worth $282,000 after acquiring an additional 163 shares during the period. Capital Asset Advisory Services LLC raised its holdings in Tesla by 4.8% during the 1st quarter. Capital Asset Advisory Services LLC now owns 18,577 shares of the electric vehicle producer's stock worth $5,253,000 after purchasing an additional 859 shares during the last quarter. Swisher Financial Concepts Inc. raised its position in shares of Tesla by 66.7% in the 1st quarter. Swisher Financial Concepts Inc. now owns 2,156 shares of the electric vehicle producer's stock worth $559,000 after acquiring an additional 863 shares in the last quarter. Finally, McLean Asset Management Corp boosted its stake in Tesla by 144.5% during the first quarter. McLean Asset Management Corp now owns 2,342 shares of the electric vehicle producer's stock worth $607,000 after acquiring an additional 1,384 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Ratings Changes

TSLA has been the subject of several recent analyst reports. Morgan Stanley reaffirmed a "buy" rating and issued a $430.00 target price on shares of Tesla in a report on Tuesday, April 22nd. Guggenheim reiterated a "sell" rating and set a $170.00 target price on shares of Tesla in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a research report on Friday, March 28th. JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Glj Research reiterated a "sell" rating and issued a $19.05 target price (down from $24.86) on shares of Tesla in a research note on Monday, April 21st. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tesla has a consensus rating of "Hold" and an average target price of $293.97.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $24,274,300. This represents a 56.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares in the company, valued at approximately $6,737,500. This represents a 12.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 870,721 shares of company stock worth $286,248,728 over the last 90 days. Corporate insiders own 20.70% of the company's stock.

Tesla Price Performance

TSLA traded down $47.35 on Thursday, reaching $284.70. The company had a trading volume of 280,883,944 shares, compared to its average volume of 99,103,979. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The company has a market cap of $917.01 billion, a price-to-earnings ratio of 139.56, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The business has a 50 day simple moving average of $291.12 and a 200 day simple moving average of $334.34.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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 net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter last year, the business posted $0.45 EPS. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current 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.