Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Rothschild Investment Corp IL


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Rothschild Investment Corp IL lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.3% during the first quarter, HoldingsChannel reports. The firm owned 571 shares of the electric vehicle producer’s stock after selling 95 shares during the quarter. Rothschild Investment Corp IL’s holdings in Tesla were worth $381,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Occidental Asset Management LLC lifted its stake in shares of Tesla by 96.7% during the 4th quarter. Occidental Asset Management LLC now owns 1,593 shares of the electric vehicle producer’s stock worth $1,124,000 after purchasing an additional 783 shares during the period. Altium Wealth Management LLC lifted its stake in shares of Tesla by 29.5% during the 4th quarter. Altium Wealth Management LLC now owns 3,498 shares of the electric vehicle producer’s stock worth $2,468,000 after purchasing an additional 796 shares during the period. 180 Wealth Advisors LLC raised its position in shares of Tesla by 190.3% in the 4th quarter. 180 Wealth Advisors LLC now owns 4,935 shares of the electric vehicle producer’s stock worth $4,168,000 after buying an additional 3,235 shares during the period. Riggs Asset Managment Co. Inc. purchased a new position in shares of Tesla in the 4th quarter worth $1,376,000. Finally, WESPAC Advisors LLC raised its position in shares of Tesla by 81.1% in the 4th quarter. WESPAC Advisors LLC now owns 2,349 shares of the electric vehicle producer’s stock worth $1,658,000 after buying an additional 1,052 shares during the period. 41.39% of the stock is currently owned by institutional investors.

Shares of TSLA stock opened at $718.99 on Wednesday. Tesla, Inc. has a 12-month low of $134.76 and a 12-month high of $900.40. The firm has a market capitalization of $690.13 billion, a price-to-earnings ratio of 1,443.76, a price-to-earnings-growth ratio of 8.81 and a beta of 2.18. The business has a 50 day simple moving average of $670.44 and a 200 day simple moving average of $640.82. 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 issued its quarterly earnings data on Wednesday, January 27th. The electric vehicle producer reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.17. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.38 billion. Tesla had a return on equity of 4.93% and a net margin of 1.97%. The business’s revenue for the quarter was up 44.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. On average, equities analysts anticipate that Tesla, Inc. will post 1.02 EPS for the current fiscal year.

Several research analysts recently weighed in on TSLA shares. BNP Paribas lowered Tesla from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $385.00 to $340.00 in a research report on Tuesday, January 5th. Roth Capital reiterated a “neutral” rating and issued a $150.00 price target on shares of Tesla in a report on Thursday, January 28th. Sanford C. Bernstein reiterated a “sell” rating and issued a $180.00 price target on shares of Tesla in a report on Tuesday, March 9th. JPMorgan Chase & Co. increased 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. Finally, New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating in a report on Monday, March 15th. Eleven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $382.74.

In other Tesla news, SVP Andrew D. Baglino sold 1,500 shares of the stock in a transaction on Wednesday, January 27th. The stock was sold at an average price of $870.35, for a total transaction of $1,305,525.00. Following the completion of the transaction, the senior vice president now directly owns 20,726 shares of the company’s stock, valued at approximately $18,038,874.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jerome M. Guillen sold 10,000 shares of the stock in a transaction on Monday, April 12th. The shares were sold at an average price of $697.87, for a total value of $6,978,700.00. Following the sale, the insider now owns 60,598 shares of the company’s stock, valued at approximately $42,289,526.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,403 shares of company stock valued at $62,638,774. 23.00% of the stock is currently owned by corporate 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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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