Rothschild Investment Corp IL Cuts Position in Tesla Inc (TSLA)
Rothschild Investment Corp IL lowered its position in shares of Tesla Inc (NASDAQ:TSLA) by 13.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,869 shares of the electric vehicle producer’s stock after selling 3,115 shares during the period. Rothschild Investment Corp IL’s holdings in Tesla were worth $5,808,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Reilly Financial Advisors LLC boosted its position in shares of Tesla by 92.9% in the third quarter. Reilly Financial Advisors LLC now owns 492 shares of the electric vehicle producer’s stock worth $100,000 after buying an additional 237 shares during the period. Independent Advisor Alliance bought a new position in shares of Tesla during the fourth quarter worth approximately $102,000. Parallel Advisors LLC bought a new position in shares of Tesla during the fourth quarter worth approximately $104,000. Cable Hill Partners LLC boosted its position in shares of Tesla by 36.1% in the third quarter. Cable Hill Partners LLC now owns 693 shares of the electric vehicle producer’s stock worth $139,000 after buying an additional 184 shares during the period. Finally, First Manhattan Co. boosted its position in shares of Tesla by 51.4% in the third quarter. First Manhattan Co. now owns 890 shares of the electric vehicle producer’s stock worth $181,000 after buying an additional 302 shares during the period. 57.29% of the stock is currently owned by institutional investors.
Tesla Inc (NASDAQ:TSLA) traded down 0.99% on Thursday, hitting $302.51. The stock had a trading volume of 6,146,207 shares. The firm’s market cap is $48.91 billion. Tesla Inc has a 52-week low of $178.19 and a 52-week high of $313.73. The company has a 50-day moving average price of $273.29 and a 200 day moving average price of $231.98.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, February 22nd. The electric vehicle producer reported ($0.69) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.43) by $0.26. Tesla had a negative return on equity of 29.17% and a negative net margin of 14.74%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the firm posted ($0.87) EPS. The business’s revenue was up 88.2% compared to the same quarter last year. Equities analysts forecast that Tesla Inc will post ($1.99) earnings per share for the current fiscal year.
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TSLA has been the topic of a number of analyst reports. Robert W. Baird set a $368.00 price target on Tesla and gave the stock a “buy” rating in a research note on Thursday, March 2nd. Vetr cut Tesla from a “hold” rating to a “sell” rating and set a $244.11 price target on the stock. in a research note on Tuesday, January 31st. FBN Securities lifted their price target on Tesla from $275.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, April 3rd. Cowen and Company set a $155.00 price target on Tesla and gave the stock a “sell” rating in a research note on Thursday, February 23rd. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $165.00 price target on shares of Tesla in a research note on Thursday, April 6th. Eight equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $266.42.
In other Tesla news, Director Kimbal Musk sold 2,191 shares of Tesla stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $312.11, for a total transaction of $683,833.01. Following the completion of the transaction, the director now owns 166,640 shares in the company, valued at approximately $52,010,010.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Antonio J. Gracias sold 5,600 shares of Tesla stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $254.44, for a total value of $1,424,864.00. Following the transaction, the director now owns 5,600 shares of the company’s stock, valued at approximately $1,424,864. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,391 shares of company stock valued at $4,399,594. 27.70% of the stock is currently owned by insiders.
Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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