Day & Ennis LLC Sells 30 Shares of Tesla, Inc. (NASDAQ:TSLA)


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Day & Ennis LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 426 shares of the electric vehicle producer’s stock after selling 30 shares during the quarter. Day & Ennis LLC’s holdings in Tesla were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. OLD Mission Capital LLC acquired a new position in Tesla in the 3rd quarter valued at approximately $258,000. Advisor Partners LLC acquired a new position in Tesla in the 3rd quarter valued at approximately $353,000. Kathmere Capital Management LLC acquired a new position in Tesla in the 3rd quarter valued at approximately $99,000. Brinker Capital Investments LLC acquired a new position in Tesla in the 3rd quarter valued at approximately $1,582,000. Finally, Burney Co. raised its holdings in Tesla by 486.8% in the 3rd quarter. Burney Co. now owns 2,453 shares of the electric vehicle producer’s stock valued at $1,053,000 after acquiring an additional 2,035 shares in the last quarter. Hedge funds and other institutional investors own 41.39% of the company’s stock.

In related news, SVP Andrew D. Baglino sold 1,500 shares of Tesla stock in a transaction dated Tuesday, April 27th. The stock was sold at an average price of $717.17, for a total value of $1,075,755.00. Following the sale, the senior vice president now owns 20,114 shares of the company’s stock, valued at $14,425,157.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Zachary Kirkhorn sold 1,250 shares of Tesla stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $778.17, for a total value of $972,712.50. Following the completion of the sale, the chief financial officer now directly owns 55,007 shares in the company, valued at approximately $42,804,797.19. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,153 shares of company stock worth $109,617,129. 23.00% of the stock is owned by company insiders.

Shares of TSLA traded down $21.35 during midday trading on Tuesday, hitting $663.55. The stock had a trading volume of 712,583 shares, compared to its average volume of 34,665,016. The company has a 50 day simple moving average of $687.41 and a two-hundred day simple moving average of $659.28. Tesla, Inc. has a twelve month low of $139.60 and a twelve month high of $900.40. The firm has a market cap of $639.22 billion, a price-to-earnings ratio of 1,375.30, a price-to-earnings-growth ratio of 8.81 and a beta of 2.18. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.63 and a quick ratio of 1.32.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Sunday, April 25th. The electric vehicle producer reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.14. Tesla had a return on equity of 4.93% and a net margin of 1.97%. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter last year, the business posted $0.23 EPS. The company’s revenue for the quarter was up 73.6% on a year-over-year basis. Analysts forecast that Tesla, Inc. will post 1.02 EPS for the current fiscal year.

TSLA has been the subject of a number of recent research reports. Sanford C. Bernstein reissued a “sell” rating and issued a $180.00 target price on shares of Tesla in a report on Tuesday, March 9th. Wedbush reissued a “buy” rating and issued a $1,000.00 target price on shares of Tesla in a report on Friday, April 9th. BNP Paribas cut Tesla from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $385.00 to $340.00 in a report on Tuesday, January 5th. New Street Research raised Tesla from a “neutral” rating to a “buy” rating in a report on Monday, March 15th. Finally, JPMorgan Chase & Co. raised their price target on Tesla from $135.00 to $155.00 and gave the company an “underweight” rating in a report on Monday, April 5th. Eleven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $421.93.

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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