Zevenbergen Capital Investments LLC Has $262.70 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Zevenbergen Capital Investments LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,013,646 shares of the electric vehicle producer's stock after selling 20,019 shares during the quarter. Tesla makes up approximately 6.4% of Zevenbergen Capital Investments LLC's portfolio, making the stock its 2nd largest holding. Zevenbergen Capital Investments LLC's holdings in Tesla were worth $262,696,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TSLA. Cherry Tree Wealth Management LLC lifted its holdings in Tesla by 86.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 44 shares during the last quarter. First PREMIER Bank lifted its holdings in Tesla by 79.2% during the first quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC lifted its holdings in Tesla by 250.0% during the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Tesla during the first quarter valued at about $27,000. Finally, True Wealth Design LLC lifted its holdings in Tesla by 79.5% during 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. Institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $329.61 on Friday. The stock has a market cap of $1.06 trillion, a P/E ratio of 190.53, a price-to-earnings-growth ratio of 11.58 and a beta of 2.33. The firm's fifty day simple moving average is $318.68 and its 200 day simple moving average is $307.45. Tesla, Inc. has a twelve month low of $194.67 and a twelve month high of $488.54. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The company had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. During the same quarter last year, the firm earned $0.52 EPS. The business's revenue was down 11.8% on a year-over-year basis. As a group, research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Mizuho dropped their price objective on shares of Tesla from $390.00 to $375.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. Raymond James Financial downgraded shares of Tesla to an "outperform" rating in a report on Tuesday, April 22nd. Truist Financial set a $280.00 price target on shares of Tesla in a report on Tuesday, April 22nd. Cfra Research downgraded shares of Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, Wedbush reissued an "outperform" rating and issued a $500.00 price target on shares of Tesla in a report on Monday, August 4th. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Tesla has a consensus rating of "Hold" and a consensus price target of $303.31.

Insider Buying and Selling at Tesla

In other news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director owned 855,394 shares in the company, valued at approximately $305,632,276.20. The trade was a 35.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,000 shares of the business'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 owned 5,924 shares in the company, valued at approximately $1,777,200. This trade represents a 25.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 602,724 shares of company stock worth $214,176,831. Corporate insiders own 20.70% of the company's stock.

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.

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