Bensler LLC Sells 1,027 Shares of Tesla, Inc. (NASDAQ:TSLA)

Bensler LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,846 shares of the electric vehicle producer’s stock after selling 1,027 shares during the quarter. Bensler LLC’s holdings in Tesla were worth $2,552,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wealth Group Ltd. purchased a new stake in Tesla during the fourth quarter valued at about $275,000. Comprehensive Financial Planning Inc. PA purchased a new stake in Tesla during the fourth quarter valued at about $1,361,000. Tallon Kerry Patrick purchased a new stake in Tesla during the fourth quarter valued at about $374,000. Eagle Capital Management LLC purchased a new stake in Tesla during the fourth quarter valued at about $331,000. Finally, Brighton Jones LLC lifted its holdings in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now owns 26,950 shares in the company, valued at approximately $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm’s stock in a transaction that occurred 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 now owns 855,394 shares in the company, valued at $305,632,276.20. This represents a 35.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 818,509 shares of company stock worth $273,791,775. Insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Cfra Research downgraded shares of Tesla from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 22nd. The Goldman Sachs Group lowered their price target on shares of Tesla from $295.00 to $285.00 and set a “neutral” rating on the stock in a report on Friday, June 6th. Cantor Fitzgerald lowered their price target on shares of Tesla from $425.00 to $355.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Canaccord Genuity Group lowered their price target on shares of Tesla from $404.00 to $303.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their price target on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $293.67.

Tesla Stock Down 2.2%

Shares of NASDAQ TSLA opened at $319.11 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a one year low of $176.92 and a one year high of $488.54. The stock has a market capitalization of $1.03 trillion, a P/E ratio of 156.43, a PEG ratio of 5.86 and a beta of 2.47. The firm’s 50 day simple moving average is $297.32 and its two-hundred day simple moving average is $332.97.

Tesla (NASDAQ:TSLA) last issued its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the prior year, the business posted $0.45 EPS. As a group, analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Tesla Company 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.