Requisite Capital Management LLC Has $362,000 Holdings in Tesla, Inc. $TSLA

Requisite Capital Management LLC lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 61.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 805 shares of the electric vehicle producer’s stock after selling 1,290 shares during the quarter. Requisite Capital Management LLC’s holdings in Tesla were worth $362,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TSLA. Brighton Jones LLC lifted its holdings in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares during the period. Bison Wealth LLC lifted its holdings in shares of Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Tesla by 9.1% during the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after purchasing an additional 1,011 shares during the period. Finally, AGP Franklin LLC lifted its holdings in shares of Tesla by 21.2% during the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock worth $1,544,000 after purchasing an additional 851 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

TSLA opened at $422.24 on Monday. Tesla, Inc. has a 1-year low of $273.21 and a 1-year high of $498.83. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.59 trillion, a P/E ratio of 387.38, a price-to-earnings-growth ratio of 16.67 and a beta of 1.79. The company has a fifty day moving average price of $386.41 and a two-hundred day moving average price of $418.04.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

Wall Street Analysts Forecast Growth

TSLA has been the topic of several recent analyst reports. Benchmark restated a “buy” rating on shares of Tesla in a report on Wednesday, February 11th. The Goldman Sachs Group restated a “neutral” rating on shares of Tesla in a report on Thursday, April 23rd. Bank of America initiated coverage on shares of Tesla in a report on Wednesday, March 4th. They issued a “buy” rating and a $460.00 target price on the stock. China Renaissance dropped their target price on shares of Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Finally, President Capital boosted their target price on shares of Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a report on Monday, April 27th. Nineteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $395.20.

View Our Latest Research Report on Tesla

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 83,213 shares of company stock valued at $32,201,105. Insiders own 19.90% of the company’s stock.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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