Optivise Advisory Services LLC Sells 106 Shares of Tesla, Inc. (NASDAQ:TSLA)

Optivise Advisory Services LLC decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3.4% during the 1st quarter, HoldingsChannel reports. The firm owned 2,978 shares of the electric vehicle producer’s stock after selling 106 shares during the quarter. Optivise Advisory Services LLC’s holdings in Tesla were worth $772,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSLA. True Wealth Design LLC grew its position in Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 31 shares during the last quarter. Horrell Capital Management Inc. grew its position in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after acquiring an additional 34 shares during the last quarter. Pflug Koory LLC lifted its holdings in Tesla by 370.4% during the 1st quarter. Pflug Koory LLC now owns 127 shares of the electric vehicle producer’s stock worth $33,000 after buying an additional 100 shares during the period. GS Investments Inc. lifted its holdings in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after buying an additional 58 shares during the period. Finally, Navigoe LLC acquired a new position in Tesla during the 4th quarter worth about $37,000. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wedbush set a $500.00 target price on Tesla in a report on Thursday, June 5th. HSBC cut their target price on Tesla from $165.00 to $130.00 and set a “reduce” rating on the stock in a report on Thursday, March 27th. Glj Research reaffirmed a “sell” rating and set a $19.05 target price (down from $24.86) on shares of Tesla in a report on Monday, April 21st. Roth Mkm cut their target price on Tesla from $450.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Finally, Argus reaffirmed a “hold” rating on shares of Tesla in a report on Monday, June 9th. Ten research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus target price of $293.67.

Tesla Stock Performance

Shares of Tesla stock opened at $316.73 on Wednesday. Tesla, Inc. has a one year low of $179.66 and a one year high of $488.54. The firm has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 174.03, a PEG ratio of 12.36 and a beta of 2.47. The business has a 50-day simple moving average of $302.42 and a 200 day simple moving average of $332.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54.

Tesla (NASDAQ:TSLA) last issued its earnings results 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 6.66% and a return on equity of 9.02%. 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 previous year, the firm earned $0.45 earnings per share. On average, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,950 shares of the company’s stock, valued at approximately $682,500. The trade was a 33.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 91,588 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total value of $32,732,635.32. Following the sale, the director now directly owns 1,463,220 shares of the company’s stock, valued at $522,940,195.80. This represents a 5.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 833,509 shares of company stock valued at $278,648,925. Corporate insiders own 20.70% of the company’s stock.

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.