Godsey & Gibb Inc. Has $282,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Godsey & Gibb Inc. lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 36.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,089 shares of the electric vehicle producer’s stock after selling 617 shares during the quarter. Godsey & Gibb Inc.’s holdings in Tesla were worth $282,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC raised its stake in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 31 shares in the last quarter. Horrell Capital Management Inc. raised its stake in Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 34 shares in the last quarter. GS Investments Inc. raised its stake in Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after purchasing an additional 58 shares in the last quarter. Navigoe LLC acquired a new stake in Tesla in the 4th quarter worth about $37,000. Finally, CoreFirst Bank & Trust acquired a new stake in Tesla in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSLA. Cantor Fitzgerald dropped their price objective on shares of Tesla from $425.00 to $355.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Benchmark reissued a “buy” rating and issued a $350.00 target price on shares of Tesla in a report on Wednesday, April 23rd. UBS Group decreased their target price on shares of Tesla from $225.00 to $190.00 and set a “sell” rating on the stock in a report on Thursday, April 10th. Cfra Research lowered shares of Tesla from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Finally, Argus set a $410.00 target price on shares of Tesla in a report on Thursday, April 24th. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $294.27.

Insider Activity

In related news, CFO Vaibhav Taneja sold 1,000 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the transaction, the chief financial officer now directly owns 1,950 shares of the company’s stock, valued at $682,500. This represents a 33.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the transaction, the director now directly owns 855,394 shares in the company, valued at approximately $305,632,276.20. This represents a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 870,721 shares of company stock valued at $286,248,728. 20.70% of the stock is currently owned by insiders.

Tesla Trading Up 3.7%

NASDAQ:TSLA opened at $295.14 on Friday. The firm’s fifty day moving average is $292.17 and its 200-day moving average is $333.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54. The firm has a market cap of $950.63 billion, a P/E ratio of 144.68, a P/E/G ratio of 5.86 and a beta of 2.47.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. 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 prior year, the company posted $0.45 earnings per share. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.