Tesla Inc (TSLA) Stake Decreased by Bluestein R H & Co.

Bluestein R H & Co. decreased its position in shares of Tesla Inc (NASDAQ:TSLA) by 8.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,700 shares of the electric vehicle producer’s stock after selling 250 shares during the period. Bluestein R H & Co.’s holdings in Tesla were worth $719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC increased its holdings in shares of Tesla by 17.1% during the fourth quarter. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer’s stock worth $1,053,158,000 after buying an additional 494,761 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of Tesla by 2.8% during the first quarter. Bamco Inc. NY now owns 1,657,488 shares of the electric vehicle producer’s stock worth $441,107,000 after buying an additional 45,437 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Tesla by 8.9% during the fourth quarter. American Century Companies Inc. now owns 655,149 shares of the electric vehicle producer’s stock worth $203,981,000 after buying an additional 53,279 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Tesla by 77.1% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 635,692 shares of the electric vehicle producer’s stock worth $197,922,000 after buying an additional 276,781 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Tesla by 1.7% during the fourth quarter. Swiss National Bank now owns 492,485 shares of the electric vehicle producer’s stock worth $153,335,000 after buying an additional 8,100 shares in the last quarter. 60.67% of the stock is owned by institutional investors.

In other news, VP Eric Branderiz sold 401 shares of Tesla stock in a transaction on Monday, February 26th. The shares were sold at an average price of $353.50, for a total transaction of $141,753.50. Following the transaction, the vice president now directly owns 1,248 shares of the company’s stock, valued at $441,168. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Elon Musk purchased 33,000 shares of Tesla stock in a transaction dated Monday, May 7th. The shares were purchased at an average cost of $298.50 per share, for a total transaction of $9,850,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 3,728 shares of company stock worth $1,172,762. Insiders own 22.80% of the company’s stock.

Shares of NASDAQ TSLA opened at $277.85 on Friday. The firm has a market cap of $46.69 billion, a PE ratio of -24.20 and a beta of 1.11. Tesla Inc has a twelve month low of $244.59 and a twelve month high of $389.61. The company has a current ratio of 0.74, a quick ratio of 0.44 and a debt-to-equity ratio of 1.65.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, May 2nd. The electric vehicle producer reported ($3.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.40) by ($0.95). The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.30 billion. Tesla had a negative return on equity of 40.72% and a negative net margin of 18.77%. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.33) earnings per share. equities analysts anticipate that Tesla Inc will post -10.94 earnings per share for the current fiscal year.

TSLA has been the topic of several research analyst reports. Zacks Investment Research raised shares of Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, April 12th. UBS increased their price target on shares of Tesla to $365.00 and gave the company a “hold” rating in a research note on Thursday, February 8th. KeyCorp reissued a “hold” rating on shares of Tesla in a research note on Wednesday, April 18th. Goldman Sachs Group set a $205.00 price target on shares of Tesla and gave the company a “sell” rating in a research note on Thursday, February 8th. Finally, Sanford C. Bernstein set a $265.00 price target on shares of Tesla and gave the company a “neutral” rating in a research note on Thursday, February 8th. Thirteen investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $301.01.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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