Tesla, Inc. (NASDAQ:TSLA) is TTP Investments Inc.’s 10th Largest Position

TTP Investments Inc. lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 41.3% in the first quarter, HoldingsChannel.com reports. The fund owned 25,772 shares of the electric vehicle producer’s stock after selling 18,117 shares during the period. Tesla accounts for about 2.0% of TTP Investments Inc.’s investment portfolio, making the stock its 10th largest holding. TTP Investments Inc.’s holdings in Tesla were worth $4,531,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Lam Group Inc. bought a new stake in Tesla in the 4th quarter worth approximately $25,000. Mendota Financial Group LLC lifted its position in Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after buying an additional 91 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new stake in Tesla in the 4th quarter worth approximately $37,000. Kathleen S. Wright Associates Inc. lifted its position in Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after buying an additional 100 shares during the last quarter. Finally, Guardian Wealth Management Inc. bought a new stake in Tesla in the 4th quarter worth approximately $47,000. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The disclosure for this sale can be found here. Corporate insiders own 25.10% of the company’s stock.

Tesla Stock Up 0.3 %

Tesla stock traded up $0.73 during mid-day trading on Thursday, hitting $249.23. The company had a trading volume of 110,708,316 shares, compared to its average volume of 100,776,320. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $198.70 and its two-hundred day moving average price is $191.64. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The company has a market capitalization of $794.84 billion, a PE ratio of 63.58, a price-to-earnings-growth ratio of 6.40 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $21.30 billion for the quarter, compared to the consensus estimate of $22.15 billion. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TSLA shares. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft lifted their price target on Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. TD Cowen lifted their price target on Tesla from $160.00 to $180.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. Jefferies Financial Group decreased their price target on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Finally, Guggenheim lifted their price target on Tesla from $126.00 to $134.00 and gave the stock a “sell” rating in a research note on Wednesday, July 3rd. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $203.03.

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.