Whittier Trust Co. Acquires 3,917 Shares of Tesla, Inc. (NASDAQ:TSLA)

Whittier Trust Co. raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,137 shares of the electric vehicle producer's stock after acquiring an additional 3,917 shares during the quarter. Whittier Trust Co.'s holdings in Tesla were worth $20,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Eagle Capital Management LLC purchased a new position in shares of Tesla during the fourth quarter worth about $331,000. Brighton Jones LLC grew its stake in Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after buying an additional 931 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new stake in shares of Tesla during the 4th quarter valued at $346,000. Finally, Highview Capital Management LLC DE bought a new stake in shares of Tesla during the 4th quarter worth $2,367,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

NASDAQ TSLA traded down $6.12 during trading hours on Tuesday, hitting $310.78. 77,018,663 shares of the company's stock traded hands, compared to its average volume of 99,233,732. Tesla, Inc. has a 52 week low of $182.00 and a 52 week high of $488.54. The firm has a market capitalization of $1.00 trillion, a P/E ratio of 170.76, a P/E/G 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. The business's fifty day moving average price is $323.33 and its two-hundred day moving average price is $318.52.

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). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the firm earned $0.45 EPS. Equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TSLA. BNP Paribas set a $137.00 price target on Tesla and gave the stock an "underperform" rating in a research note on Wednesday, April 16th. Canaccord Genuity Group reiterated a "buy" rating and set a $303.00 price target on shares of Tesla in a research report on Monday, June 30th. Glj Research restated a "sell" rating and issued a $19.05 price objective (down from $24.86) on shares of Tesla in a report on Monday, April 21st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, UBS Group set a $290.00 price target on shares of Tesla in a report on Monday, June 30th. Ten investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $300.19.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer directly owned 5,924 shares in the company, valued at $1,777,200. This trade represents a 25.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the completion of the transaction, the director directly owned 855,394 shares of the company's stock, valued at $305,632,276.20. This represents a 35.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 835,509 shares of company stock worth $279,420,485 in the last quarter. 20.70% of the stock is currently owned by insiders.

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.