Tesla, Inc. (NASDAQ:TSLA) Stake Lessened by Eagle Bluffs Wealth Management LLC

Eagle Bluffs Wealth Management LLC cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,003 shares of the electric vehicle producer’s stock after selling 70 shares during the period. Tesla makes up approximately 1.2% of Eagle Bluffs Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position. Eagle Bluffs Wealth Management LLC’s holdings in Tesla were worth $2,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vantage Financial Partners LLC boosted its holdings in shares of Tesla by 112.7% in the first quarter. Vantage Financial Partners LLC now owns 6,595 shares of the electric vehicle producer’s stock valued at $1,709,000 after acquiring an additional 3,494 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Tesla by 3.7% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 26,144 shares of the electric vehicle producer’s stock valued at $6,776,000 after acquiring an additional 938 shares in the last quarter. University of Texas Texas AM Investment Management Co. lifted its stake in Tesla by 15.3% during the first quarter. University of Texas Texas AM Investment Management Co. now owns 686 shares of the electric vehicle producer’s stock valued at $178,000 after purchasing an additional 91 shares during the last quarter. Carrera Capital Advisors lifted its stake in Tesla by 11.7% during the first quarter. Carrera Capital Advisors now owns 5,830 shares of the electric vehicle producer’s stock valued at $1,511,000 after purchasing an additional 612 shares during the last quarter. Finally, Metis Global Partners LLC lifted its stake in Tesla by 11.1% during the first quarter. Metis Global Partners LLC now owns 206,504 shares of the electric vehicle producer’s stock valued at $53,518,000 after purchasing an additional 20,618 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Xiaotong Zhu sold 15,000 shares of the firm’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the transaction, the senior vice president directly owned 67,600 shares in the company, valued at approximately $21,889,556. This trade represents a 18.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the completion of the transaction, the director owned 855,394 shares in the company, valued at $305,632,276.20. The trade was a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 835,509 shares of company stock worth $279,420,485 in the last ninety days. 20.70% of the stock is owned by insiders.

Tesla Stock Performance

Shares of TSLA opened at $316.06 on Monday. The company’s fifty day moving average is $324.70 and its 200-day moving average is $313.53. Tesla, Inc. has a 12 month low of $182.00 and a 12 month high of $488.54. The firm has a market cap of $1.02 trillion, a price-to-earnings ratio of 182.69, a price-to-earnings-growth ratio of 9.93 and a beta of 2.39. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%. The business had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. During the same quarter last year, the company earned $0.52 EPS. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on TSLA shares. The Goldman Sachs Group cut their target price on shares of Tesla from $315.00 to $285.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. Morgan Stanley reissued an “overweight” rating and set a $410.00 target price on shares of Tesla in a research note on Friday, June 6th. Barclays cut their target price on shares of Tesla from $325.00 to $275.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. Roth Mkm cut their target price on shares of Tesla from $450.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Finally, Wedbush restated an “outperform” rating and issued a $500.00 price target on shares of Tesla in a research report on Tuesday, July 22nd. Ten research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $302.75.

Tesla 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.