Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 341,982 shares of the electric vehicle producer's stock after selling 1,785 shares during the period. Tesla accounts for approximately 1.0% of Yousif Capital Management LLC's holdings, making the stock its 11th biggest holding. Yousif Capital Management LLC's holdings in Tesla were worth $88,628,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TSLA. Vanguard Group Inc. boosted its position in shares of Tesla by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock valued at $98,211,134,000 after purchasing an additional 3,571,793 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Tesla by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock valued at $24,566,217,000 after purchasing an additional 1,655,203 shares in the last quarter. Norges Bank bought a new position in Tesla during the 4th quarter valued at approximately $14,420,248,000. FMR LLC raised its position in shares of Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after purchasing an additional 9,920,325 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Tesla by 21.6% in the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock worth $11,541,592,000 after buying an additional 5,075,418 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group lowered their price target on Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Piper Sandler set a $400.00 target price on Tesla in a research report on Tuesday, May 6th. Wells Fargo & Company reduced their price target on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Royal Bank of Canada lowered their price objective on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Argus restated a "hold" rating on shares of Tesla in a research report on Monday. Ten analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $293.67.

Tesla Stock Up 5.7%

Shares of TSLA traded up $17.51 during trading hours on Tuesday, hitting $326.09. The company had a trading volume of 150,182,854 shares, compared to its average volume of 100,229,452. The company's fifty day moving average price is $292.68 and its two-hundred day moving average price is $333.20. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.05 trillion, a PE ratio of 159.85, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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 during the quarter, compared to the consensus estimate 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 business posted $0.45 earnings per share. As a group, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.