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

Whipplewood Advisors LLC trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.1% in the first quarter, according to its most recent filing with the SEC. 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 investment portfolio, making the stock its 25th biggest position. Whipplewood Advisors LLC's holdings in Tesla were worth $2,831,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC lifted its holdings in Tesla by 79.5% during the 4th 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. lifted its holdings in 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 last quarter. 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 valued at $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC acquired a new stake in Tesla in the 4th quarter valued at about $37,000. Finally, CoreFirst Bank & Trust acquired a new stake in Tesla in the 4th quarter valued at about $38,000. 66.20% of the stock is owned by institutional investors.

Tesla Trading Up 3.7%

NASDAQ TSLA traded up $10.44 during trading on Friday, reaching $295.14. 163,425,518 shares of the stock traded hands, compared to its average volume of 99,690,029. The firm has a market cap of $950.63 billion, a price-to-earnings ratio of 144.68, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47. The stock's 50-day moving average price is $292.17 and its 200 day moving average price is $333.62. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54.

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 analysts' consensus estimates of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the prior year, the firm posted $0.45 EPS. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, Director Joseph Gebbia purchased 4,000 shares of the business's stock in a transaction on Thursday, April 24th. The shares were purchased at an average price of $256.31 per share, with a total value of $1,025,240.00. Following the completion of the purchase, the director now owns 4,111 shares in the company, valued at $1,053,690.41. This represents a 3,603.60% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 870,721 shares of company stock valued at $286,248,728. 20.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Oppenheimer restated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Mizuho raised their price objective on shares of Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Roth Mkm lowered their price objective on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Guggenheim restated a "sell" rating and issued a $170.00 price objective on shares of Tesla in a research report on Thursday, April 24th. Finally, Benchmark restated a "buy" rating and issued a $350.00 price objective on shares of Tesla in a research report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $294.27.

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.