Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Hoxton Planning & Management LLC

Hoxton Planning & Management LLC reduced its position in Tesla, Inc. (NASDAQ:TSLA) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,020 shares of the electric vehicle producer’s stock after selling 106 shares during the quarter. Hoxton Planning & Management LLC’s holdings in Tesla were worth $531,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Von Berge Wealth Management Group LLC lifted its holdings in shares of Tesla by 3.3% during the first quarter. Von Berge Wealth Management Group LLC now owns 6,092 shares of the electric vehicle producer’s stock worth $1,071,000 after purchasing an additional 193 shares during the period. Evanson Asset Management LLC lifted its holdings in shares of Tesla by 10.8% during the first quarter. Evanson Asset Management LLC now owns 25,475 shares of the electric vehicle producer’s stock worth $4,478,000 after purchasing an additional 2,487 shares during the period. Keystone Wealth Services LLC lifted its holdings in shares of Tesla by 9.5% during the first quarter. Keystone Wealth Services LLC now owns 5,944 shares of the electric vehicle producer’s stock worth $1,045,000 after purchasing an additional 516 shares during the period. Wealth Management Partners LLC lifted its holdings in Tesla by 1.9% in the first quarter. Wealth Management Partners LLC now owns 11,693 shares of the electric vehicle producer’s stock valued at $2,056,000 after acquiring an additional 223 shares during the period. Finally, McNaughton Wealth Management LLC lifted its holdings in Tesla by 9.6% in the first quarter. McNaughton Wealth Management LLC now owns 3,409 shares of the electric vehicle producer’s stock valued at $599,000 after acquiring an additional 300 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Piper Sandler reissued an “overweight” rating and issued a $205.00 target price on shares of Tesla in a report on Monday, April 22nd. HSBC reduced their target price on Tesla from $138.00 to $120.00 and set a “reduce” rating for the company in a report on Wednesday, April 24th. UBS Group reduced their target price on Tesla from $160.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Mizuho dropped their price target on Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Finally, Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Wednesday, April 24th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $187.30.

Insider Activity

In other news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders sold a total of 104,855 shares of company stock worth $19,285,643 over the last 90 days. 25.10% of the stock is currently owned by company insiders.

Tesla Stock Performance

TSLA stock traded up $7.72 during trading on Wednesday, reaching $195.07. 47,563,092 shares of the company’s stock were exchanged, compared to its average volume of 95,082,258. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The company’s fifty day moving average price is $175.02 and its 200-day moving average price is $192.25. The firm has a market cap of $622.12 billion, a PE ratio of 48.97, a P/E/G ratio of 4.65 and a beta of 2.32.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The company had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. On average, research analysts expect that Tesla, Inc. will post 1.87 EPS for the current fiscal 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.