Unison Asset Management LLC Sells 734 Shares of Tesla, Inc. (NASDAQ:TSLA)

Unison Asset Management LLC cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,190 shares of the electric vehicle producer’s stock after selling 734 shares during the quarter. Tesla accounts for about 0.6% of Unison Asset Management LLC’s investment portfolio, making the stock its 20th largest holding. Unison Asset Management LLC’s holdings in Tesla were worth $1,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Pacific Sage Partners LLC raised its holdings in shares of Tesla by 15.5% during the first quarter. Pacific Sage Partners LLC now owns 7,895 shares of the electric vehicle producer’s stock valued at $2,046,000 after acquiring an additional 1,058 shares in the last quarter. Cornerstone Wealth Group LLC raised its holdings in Tesla by 9.3% in the 1st quarter. Cornerstone Wealth Group LLC now owns 8,967 shares of the electric vehicle producer’s stock worth $2,324,000 after purchasing an additional 766 shares in the last quarter. Berry Wealth Group LP boosted its stake in shares of Tesla by 16.8% during the 1st quarter. Berry Wealth Group LP now owns 1,762 shares of the electric vehicle producer’s stock valued at $457,000 after purchasing an additional 253 shares in the last quarter. G2 Capital Management LLC OH increased its position in shares of Tesla by 6.7% during the first quarter. G2 Capital Management LLC OH now owns 3,015 shares of the electric vehicle producer’s stock valued at $781,000 after buying an additional 190 shares during the period. Finally, Retirement Guys Formula LLC raised its stake in Tesla by 43.3% in the first quarter. Retirement Guys Formula LLC now owns 831 shares of the electric vehicle producer’s stock worth $215,000 after buying an additional 251 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JPMorgan Chase & Co. cut their price objective on Tesla from $120.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group restated a “neutral” rating on shares of Tesla in a research report on Friday. Robert W. Baird reiterated a “neutral” rating and issued a $320.00 price objective on shares of Tesla in a report on Monday, June 9th. Stifel Nicolaus set a $450.00 target price on shares of Tesla and gave the stock a “buy” rating in a research report on Thursday, April 24th. Finally, Mizuho increased their price target on shares of Tesla from $325.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $294.58.

Tesla Trading Down 2.4%

NASDAQ:TSLA opened at $340.47 on Wednesday. The company has a market cap of $1.10 trillion, a PE ratio of 187.07, a price-to-earnings-growth ratio of 13.04 and a beta of 2.47. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The company has a 50 day simple moving average of $309.87 and a two-hundred day simple moving average of $331.48. Tesla, Inc. has a 12 month low of $182.00 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The firm had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the firm earned $0.45 EPS. Research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 26,950 shares of the company’s stock, valued at approximately $6,737,500. This represents a 12.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the sale, the senior vice president now owns 67,600 shares of the company’s stock, valued at $21,889,556. The trade was a 18.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 833,509 shares of company stock valued at $278,648,925. Company insiders own 20.70% of the company’s stock.

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.