LexAurum Advisors LLC Reduces Holdings in Tesla, Inc. (NASDAQ:TSLA)

LexAurum Advisors LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,328 shares of the electric vehicle producer’s stock after selling 293 shares during the period. LexAurum Advisors LLC’s holdings in Tesla were worth $1,381,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Gleason Group Inc. grew its holdings in Tesla by 6.6% during the 1st quarter. Gleason Group Inc. now owns 3,234 shares of the electric vehicle producer’s stock worth $838,000 after acquiring an additional 200 shares in the last quarter. Paragon Financial Partners Inc. boosted its holdings in shares of Tesla by 25.8% in the 1st quarter. Paragon Financial Partners Inc. now owns 2,910 shares of the electric vehicle producer’s stock valued at $754,000 after buying an additional 597 shares during the period. Princeton Global Asset Management LLC boosted its holdings in shares of Tesla by 17.7% in the 1st quarter. Princeton Global Asset Management LLC now owns 604 shares of the electric vehicle producer’s stock valued at $157,000 after buying an additional 91 shares during the period. Intergy Private Wealth LLC boosted its holdings in shares of Tesla by 25.2% in the 1st quarter. Intergy Private Wealth LLC now owns 2,573 shares of the electric vehicle producer’s stock valued at $667,000 after buying an additional 518 shares during the period. Finally, Fiduciary Planning LLC boosted its holdings in shares of Tesla by 26.6% in the 1st quarter. Fiduciary Planning LLC now owns 6,923 shares of the electric vehicle producer’s stock valued at $1,794,000 after buying an additional 1,454 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Up 3.7%

Tesla stock opened at $295.14 on Friday. The firm has a market cap of $950.63 billion, a PE ratio of 144.68, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm’s 50 day moving average price is $292.17 and its two-hundred day moving average price is $333.56. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the prior year, the company posted $0.45 EPS. On average, research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Roth Mkm decreased their price target on shares of Tesla from $450.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Benchmark reissued a “buy” rating and set a $350.00 target price on shares of Tesla in a research note on Wednesday, April 23rd. The Goldman Sachs Group reduced their target price on shares of Tesla from $295.00 to $285.00 and set a “neutral” rating for the company in a research note on Friday. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Wednesday, April 23rd. Finally, Mizuho boosted their target price on shares of Tesla from $325.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $294.27.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $6,737,500. The trade was a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares of the company’s stock, valued at $114,859,478.69. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 870,721 shares of company stock worth $286,248,728. 20.70% of the stock is currently owned by company insiders.

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.