Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 1.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 11,036 shares of the electric vehicle producer’s stock after selling 174 shares during the period. Cabot Wealth Management Inc.’s holdings in Tesla were worth $7,371,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TSLA. Norges Bank purchased a new stake in Tesla in the 4th quarter valued at about $5,497,219,000. Northern Trust Corp lifted its holdings in shares of Tesla by 64.1% in the 4th quarter. Northern Trust Corp now owns 8,094,441 shares of the electric vehicle producer’s stock worth $5,712,005,000 after acquiring an additional 3,160,909 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Tesla by 61.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,384,831 shares of the electric vehicle producer’s stock valued at $2,388,575,000 after purchasing an additional 1,288,796 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Tesla by 57.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,472,998 shares of the electric vehicle producer’s stock valued at $2,450,790,000 after purchasing an additional 1,263,228 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Tesla by 1,377.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,085,853 shares of the electric vehicle producer’s stock worth $766,254,000 after purchasing an additional 1,012,360 shares in the last quarter. Institutional investors own 41.39% of the company’s stock.

TSLA has been the topic of several research reports. Wedbush reissued a “buy” rating and set a $1,000.00 target price on shares of Tesla in a research note on Friday, April 9th. Mizuho reaffirmed a “buy” rating on shares of Tesla in a research note on Tuesday. Sanford C. Bernstein reaffirmed a “sell” rating and set a $180.00 price objective on shares of Tesla in a research report on Tuesday, March 9th. Roth Capital reiterated a “neutral” rating and issued a $150.00 target price on shares of Tesla in a report on Thursday, January 28th. Finally, JPMorgan Chase & Co. upped their price target on Tesla from $135.00 to $155.00 and gave the stock an “underweight” rating in a report on Monday, April 5th. Eleven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $382.74.

In related news, SVP Andrew D. Baglino sold 1,500 shares of the stock in a transaction dated Wednesday, January 27th. The stock was sold at an average price of $870.35, for a total transaction of $1,305,525.00. Following the transaction, the senior vice president now directly owns 20,726 shares in the company, valued at $18,038,874.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Vaibhav Taneja sold 1,844 shares of Tesla stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $595.08, for a total value of $1,097,327.52. The disclosure for this sale can be found here. Insiders have sold a total of 82,653 shares of company stock valued at $63,536,274 over the last 90 days. 23.00% of the stock is currently owned by insiders.

TSLA traded up $0.32 on Thursday, hitting $744.44. 263,424 shares of the company traded hands, compared to its average volume of 35,120,426. Tesla, Inc. has a 12-month low of $136.61 and a 12-month high of $900.40. The company has a 50 day moving average of $670.45 and a 200-day moving average of $642.34. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $714.55 billion, a PE ratio of 1,494.22, a PEG ratio of 8.81 and a beta of 2.18.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 27th. The electric vehicle producer reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.17. Tesla had a return on equity of 4.93% and a net margin of 1.97%. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.38 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 44.9% compared to the same quarter last year. On average, research analysts anticipate that Tesla, Inc. will post 1.02 EPS 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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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