Tesla, Inc. (NASDAQ:TSLA) Shares Sold by TBH Global Asset Management LLC

TBH Global Asset Management LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,922 shares of the electric vehicle producer’s stock after selling 455 shares during the quarter. TBH Global Asset Management LLC’s holdings in Tesla were worth $726,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. WealthPlan Investment Management LLC boosted its position in Tesla by 20,641.9% in the third quarter. WealthPlan Investment Management LLC now owns 12,860 shares of the electric vehicle producer’s stock valued at $3,218,000 after buying an additional 12,798 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Tesla in the third quarter worth $646,000. Wilbanks Smith & Thomas Asset Management LLC raised its holdings in shares of Tesla by 3.4% during the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 7,623 shares of the electric vehicle producer’s stock worth $1,907,000 after purchasing an additional 253 shares during the last quarter. NTV Asset Management LLC lifted its position in Tesla by 29.2% during the third quarter. NTV Asset Management LLC now owns 2,001 shares of the electric vehicle producer’s stock valued at $501,000 after purchasing an additional 452 shares during the period. Finally, Curi Wealth Management LLC boosted its holdings in Tesla by 9.0% in the third quarter. Curi Wealth Management LLC now owns 961 shares of the electric vehicle producer’s stock valued at $240,000 after purchasing an additional 79 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. Insiders sold 209,097 shares of company stock worth $37,877,471 in the last 90 days. Insiders own 25.10% of the company’s stock.

Tesla Trading Up 3.2 %

Shares of TSLA traded up $5.50 during midday trading on Friday, reaching $179.24. The company had a trading volume of 65,584,478 shares, compared to its average volume of 91,189,992. The firm has a 50 day simple moving average of $171.69 and a 200-day simple moving average of $201.27. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock has a market cap of $571.63 billion, a PE ratio of 45.72, a price-to-earnings-growth ratio of 4.26 and a beta of 2.41. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. Research analysts forecast that Tesla, Inc. will post 1.89 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the subject of several analyst reports. HSBC decreased their price objective on Tesla from $138.00 to $120.00 and set a “reduce” rating for the company in a report on Wednesday, April 24th. Evercore ISI lowered their price objective on Tesla from $155.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, April 29th. Mizuho cut their target price on shares of Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Robert W. Baird reissued an “outperform” rating and set a $280.00 price target on shares of Tesla in a report on Wednesday, April 17th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $185.90.

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.