Claro Advisors LLC Sells 622 Shares of Tesla, Inc. (NASDAQ:TSLA)

Claro Advisors LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,363 shares of the electric vehicle producer’s stock after selling 622 shares during the quarter. Claro Advisors LLC’s holdings in Tesla were worth $1,646,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Ancora Advisors LLC raised its position in shares of Tesla by 3.2% in the third quarter. Ancora Advisors LLC now owns 5,086 shares of the electric vehicle producer’s stock valued at $1,273,000 after purchasing an additional 156 shares during the period. Jones Financial Companies Lllp grew its stake in Tesla by 113.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,303 shares of the electric vehicle producer’s stock valued at $1,077,000 after buying an additional 2,291 shares during the last quarter. Gallagher Fiduciary Advisors LLC raised its holdings in Tesla by 8.2% in the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 5,219 shares of the electric vehicle producer’s stock worth $1,306,000 after acquiring an additional 396 shares during the period. Insigneo Advisory Services LLC lifted its position in Tesla by 7.0% during the 3rd quarter. Insigneo Advisory Services LLC now owns 34,552 shares of the electric vehicle producer’s stock worth $8,646,000 after acquiring an additional 2,253 shares during the last quarter. Finally, Financial Planning & Information Services Inc. boosted its holdings in Tesla by 168.3% during the third quarter. Financial Planning & Information Services Inc. now owns 2,136 shares of the electric vehicle producer’s stock valued at $534,000 after acquiring an additional 1,340 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TSLA. Sanford C. Bernstein reissued an “underperform” rating and set a $120.00 price objective on shares of Tesla in a research report on Monday, June 10th. HSBC cut their price target on Tesla from $138.00 to $120.00 and set a “reduce” rating for the company in a report on Wednesday, April 24th. The Goldman Sachs Group restated a “neutral” rating and issued a $175.00 price objective on shares of Tesla in a research note on Friday, June 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 price target on shares of Tesla in a report on Monday. Finally, Robert W. Baird restated an “outperform” rating and issued a $280.00 price target on shares of Tesla in a research report on Wednesday, April 17th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $187.30.

Tesla Price Performance

TSLA traded up $11.98 during trading on Monday, hitting $209.86. The company’s stock had a trading volume of 135,388,582 shares, compared to its average volume of 95,650,203. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $669.29 billion, a price-to-earnings ratio of 53.54, a price-to-earnings-growth ratio of 4.91 and a beta of 2.31. The firm’s 50 day moving average price is $177.80 and its two-hundred day moving average price is $191.38. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Sell-side analysts forecast that Tesla, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the 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 transaction, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The disclosure for this sale can be found here. 20.90% of the stock is owned by company insiders.

Tesla Company 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.