Crystal Rock Capital Management cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 25.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,150 shares of the electric vehicle producer’s stock after selling 725 shares during the quarter. Crystal Rock Capital Management’s holdings in Tesla were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSLA. OLD Mission Capital LLC purchased a new position in shares of Tesla during the 3rd quarter worth $258,000. Centennial Wealth Advisory LLC purchased a new position in shares of Tesla during the 4th quarter worth $851,000. Welch & Forbes LLC grew its holdings in shares of Tesla by 2.3% during the 4th quarter. Welch & Forbes LLC now owns 1,177 shares of the electric vehicle producer’s stock worth $830,000 after purchasing an additional 27 shares during the period. Callahan Advisors LLC purchased a new position in shares of Tesla during the 4th quarter worth $306,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of Tesla by 70.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 170 shares of the electric vehicle producer’s stock worth $120,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 41.39% of the company’s stock.
In other news, insider Jerome M. Guillen sold 600 shares of the business’s stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $711.30, for a total value of $426,780.00. Following the completion of the transaction, the insider now directly owns 50,798 shares of the company’s stock, valued at $36,132,617.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Zachary Kirkhorn sold 1,250 shares of the business’s stock in a transaction on Monday, May 17th. The stock was sold at an average price of $575.34, for a total value of $719,175.00. Following the completion of the transaction, the chief financial officer now directly owns 54,734 shares of the company’s stock, valued at $31,490,659.56. The disclosure for this sale can be found here. Insiders sold a total of 111,153 shares of company stock worth $78,833,232 over the last quarter. Company insiders own 23.00% of the company’s stock.
Shares of NASDAQ TSLA traded down $5.90 during midday trading on Friday, hitting $580.88. 26,030,595 shares of the company’s stock were exchanged, compared to its average volume of 34,383,063. The firm’s fifty day simple moving average is $675.81 and its 200-day simple moving average is $677.70. The company has a market cap of $559.58 billion, a PE ratio of 1,166.43, a P/E/G 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, Inc. has a twelve month low of $157.00 and a twelve month high of $900.40.
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, topping analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $9.89 billion. Tesla had a return on equity of 4.93% and a net margin of 1.97%. The firm’s quarterly revenue was up 73.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. Equities analysts anticipate that Tesla, Inc. will post 1.02 EPS for the current fiscal year.
A number of equities analysts recently commented on the company. Sanford C. Bernstein restated a “sell” rating and set a $180.00 target price on shares of Tesla in a report on Tuesday, March 9th. Roth Capital restated a “neutral” rating and set a $150.00 target price on shares of Tesla in a report on Thursday, January 28th. Canaccord Genuity upgraded Tesla to a “buy” rating in a report on Tuesday, April 27th. Morgan Stanley raised their target price on Tesla to $900.00 and gave the company an “overweight” rating in a report on Wednesday, April 28th. Finally, Credit Suisse Group restated a “neutral” rating and set a $800.00 target price on shares of Tesla in a report on Monday, May 3rd. Eleven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $434.03.
Tesla 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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