Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,664 shares of the electric vehicle producer’s stock after selling 56 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Tesla were worth $2,871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Paragon Capital Management Ltd purchased a new stake in Tesla during the fourth quarter worth approximately $25,000. AllSquare Wealth Management LLC boosted its stake in shares of Tesla by 766.7% in the fourth quarter. AllSquare Wealth Management LLC now owns 26 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Tesla in the fourth quarter valued at $31,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Tesla in the fourth quarter valued at $32,000. Finally, Industrial Alliance Investment Management Inc. purchased a new position in shares of Tesla in the fourth quarter valued at $32,000. Institutional investors own 40.64% of the company’s stock.

Shares of TSLA opened at $708.26 on Thursday. Tesla, Inc. has a one year low of $620.46 and a one year high of $1,243.49. The company has a 50-day moving average of $789.93 and a two-hundred day moving average of $902.53. The stock has a market cap of $734.03 billion, a price-to-earnings ratio of 96.10, a PEG ratio of 2.11 and a beta of 2.13. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.35 and a quick ratio of 1.04.

Tesla (NASDAQ:TSLAGet Rating) last announced its earnings results on Wednesday, April 20th. The electric vehicle producer reported $2.86 EPS for the quarter, topping the consensus estimate of $1.64 by $1.22. Tesla had a net margin of 13.51% and a return on equity of 28.11%. The company had revenue of $18.76 billion during the quarter, compared to analysts’ expectations of $17.84 billion. During the same period last year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 80.5% on a year-over-year basis. Analysts anticipate that Tesla, Inc. will post 10.25 earnings per share for the current year.

Several research analysts have recently weighed in on TSLA shares. The Goldman Sachs Group decreased their target price on shares of Tesla from $1,200.00 to $1,000.00 and set a “buy” rating for the company in a research note on Wednesday, June 1st. Jefferies Financial Group reduced their price objective on shares of Tesla from $1,250.00 to $1,050.00 and set a “buy” rating on the stock in a research note on Thursday, May 26th. They noted that the move was a valuation call. Royal Bank of Canada upgraded shares of Tesla from a “sector perform” rating to an “outperform” rating and reduced their price objective for the company from $1,175.00 to $1,100.00 in a research note on Monday, June 13th. JPMorgan Chase & Co. increased their price objective on shares of Tesla from $335.00 to $395.00 and gave the company an “underweight” rating in a research note on Thursday, April 21st. Finally, UBS Group upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $1,100.00 price objective on the stock in a research note on Thursday, June 9th. Eight analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and a consensus price target of $894.73.

In other news, SVP Andrew D. Baglino sold 433 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $718.31, for a total value of $311,028.23. Following the completion of the sale, the senior vice president now directly owns 20,567 shares of the company’s stock, valued at $14,773,481.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 3,500 shares of the stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $1,065.00, for a total transaction of $3,727,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 416,669 shares of company stock valued at $369,312,309. Corporate insiders own 25.00% of the company’s stock.

Tesla Profile (Get Rating)

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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