Linscomb & Williams Inc. Sells 69 Shares of Tesla, Inc. (NASDAQ:TSLA)

Linscomb & Williams Inc. decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.4% in the first quarter, Holdings Channel.com reports. The firm owned 1,505 shares of the electric vehicle producer’s stock after selling 69 shares during the period. Linscomb & Williams Inc.’s holdings in Tesla were worth $1,005,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Tesla by 107.8% during the first quarter. International Assets Investment Management LLC now owns 8,482 shares of the electric vehicle producer’s stock valued at $5,820,000 after purchasing an additional 4,400 shares in the last quarter. Trust Asset Management LLC bought a new position in shares of Tesla during the first quarter valued at approximately $4,090,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Tesla by 1.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 144,183 shares of the electric vehicle producer’s stock valued at $96,304,000 after purchasing an additional 1,394 shares in the last quarter. JustInvest LLC increased its position in shares of Tesla by 14.4% during the first quarter. JustInvest LLC now owns 10,184 shares of the electric vehicle producer’s stock valued at $6,802,000 after acquiring an additional 1,283 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. increased its position in shares of Tesla by 216.4% during the first quarter. Sterling Investment Advisors Ltd. now owns 2,174 shares of the electric vehicle producer’s stock valued at $1,452,000 after acquiring an additional 1,487 shares in the last quarter. 41.37% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on TSLA shares. Jefferies Financial Group reissued a “hold” rating and set a $700.00 price target (down previously from $775.00) on shares of Tesla in a research report on Monday, March 29th. New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 9th. The Goldman Sachs Group raised their price target on shares of Tesla to $860.00 and gave the company a “buy” rating in a research report on Tuesday, April 27th. Credit Suisse Group reissued a “neutral” rating and set a $800.00 price target on shares of Tesla in a research report on Tuesday, April 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Tesla from $135.00 to $155.00 and gave the stock an “underweight” rating in a report on Monday, April 5th. Eleven investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $455.19.

TSLA opened at $610.12 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.38 and a current ratio of 1.66. Tesla, Inc. has a fifty-two week low of $181.70 and a fifty-two week high of $900.40. The company’s fifty day moving average price is $653.62. The stock has a market cap of $587.75 billion, a PE ratio of 610.12, a price-to-earnings-growth ratio of 6.13 and a beta of 1.97.

Tesla (NASDAQ:TSLA) last released its earnings results on Sunday, April 25th. The electric vehicle producer reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. Tesla had a net margin of 3.18% and a return on equity of 6.13%. The company had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the previous year, the company earned $0.23 EPS. Tesla’s revenue for the quarter was up 73.6% on a year-over-year basis. On average, equities research analysts anticipate that Tesla, Inc. will post 2.64 EPS for the current year.

In related news, SVP Andrew D. Baglino sold 903 shares of the company’s stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $587.83, for a total transaction of $530,810.49. Following the transaction, the senior vice president now directly owns 18,976 shares in the company, valued at approximately $11,154,662.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 1,500 shares of the company’s stock in a transaction dated Monday, March 29th. The shares were sold at an average price of $615.75, for a total transaction of $923,625.00. Following the transaction, the senior vice president now owns 20,614 shares in the company, valued at $12,693,070.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,919 shares of company stock worth $77,904,588. 23.00% of the stock is currently owned by insiders.

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.

Read More: Straddles

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.