Lion Street Advisors LLC Has $543,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Lion Street Advisors LLC cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 33.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,095 shares of the electric vehicle producer’s stock after selling 1,031 shares during the period. Lion Street Advisors LLC’s holdings in Tesla were worth $543,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TSLA. Susquehanna Fundamental Investments LLC acquired a new position in shares of Tesla in the 4th quarter worth approximately $56,600,000. Focus Financial Network Inc. lifted its position in shares of Tesla by 3.1% in the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer’s stock worth $5,823,000 after purchasing an additional 670 shares during the period. Strategic Family Wealth Counselors L.L.C. lifted its position in shares of Tesla by 133.7% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer’s stock worth $1,150,000 after purchasing an additional 1,629 shares during the period. Harvard Management Co. Inc. acquired a new position in shares of Tesla in the 4th quarter worth approximately $8,158,000. Finally, Blackston Financial Advisory Group LLC lifted its position in shares of Tesla by 40.4% in the 1st quarter. Blackston Financial Advisory Group LLC now owns 3,040 shares of the electric vehicle producer’s stock worth $788,000 after purchasing an additional 874 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the sale, the director now directly owns 855,394 shares in the company, valued at approximately $305,632,276.20. The trade was a 35.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now owns 26,950 shares in the company, valued at $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 833,509 shares of company stock valued at $278,648,925. 20.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TSLA. Argus reiterated a “hold” rating on shares of Tesla in a research note on Monday, June 9th. Morgan Stanley reiterated an “overweight” rating and issued a $410.00 price objective on shares of Tesla in a research note on Friday, June 6th. Glj Research reiterated a “sell” rating and issued a $19.05 price objective (down previously from $24.86) on shares of Tesla in a research note on Monday, April 21st. Robert W. Baird reiterated a “neutral” rating and issued a $320.00 price objective on shares of Tesla in a research note on Monday, June 9th. Finally, Cantor Fitzgerald lowered their price objective on shares of Tesla from $425.00 to $355.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given 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 an average target price of $293.67.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $316.73 on Wednesday. The company’s 50-day moving average is $302.42 and its 200 day moving average is $332.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. The company has a market capitalization of $1.02 trillion, a P/E ratio of 174.03, a price-to-earnings-growth ratio of 12.36 and a beta of 2.47. Tesla, Inc. has a fifty-two week low of $179.66 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to analysts’ expectations of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same period last year, the firm posted $0.45 earnings per share. On average, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.