Retirement Solution Inc. Sells 146 Shares of Tesla, Inc. (NASDAQ:TSLA)

Retirement Solution Inc. decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 8.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,643 shares of the electric vehicle producer’s stock after selling 146 shares during the period. Retirement Solution Inc.’s holdings in Tesla were worth $289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Modera Wealth Management LLC lifted its holdings in Tesla by 0.6% in the third quarter. Modera Wealth Management LLC now owns 12,651 shares of the electric vehicle producer’s stock worth $3,165,000 after buying an additional 74 shares during the period. Headinvest LLC purchased a new position in shares of Tesla in the 3rd quarter valued at approximately $73,000. Appleton Partners Inc. MA boosted its position in shares of Tesla by 24.8% during the fourth quarter. Appleton Partners Inc. MA now owns 4,070 shares of the electric vehicle producer’s stock valued at $1,011,000 after purchasing an additional 810 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in Tesla in the fourth quarter worth $1,928,000. Finally, Arden Trust Co raised its holdings in Tesla by 16.8% in the fourth quarter. Arden Trust Co now owns 3,491 shares of the electric vehicle producer’s stock worth $867,000 after purchasing an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA traded up $7.20 on Friday, reaching $248.23. The company’s stock had a trading volume of 155,955,773 shares, compared to its average volume of 104,964,088. The stock’s 50 day simple moving average is $192.75 and its two-hundred day simple moving average is $190.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a market capitalization of $791.66 billion, a P/E ratio of 63.32, a PEG ratio of 6.20 and a beta of 2.31. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data 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 net margin of 14.37% and a return on equity of 13.18%. The firm had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. Research analysts forecast that Tesla, Inc. will post 1.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction dated 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 transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. 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 company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the transaction, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. Company insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of research reports. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Tesla in a report on Thursday. Wells Fargo & Company reissued an “underweight” rating and set a $120.00 price objective on shares of Tesla in a research note on Monday, July 1st. Barclays decreased their target price on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. China Renaissance raised Tesla from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Friday, July 5th. Finally, Stifel Nicolaus initiated coverage on Tesla in a research report on Tuesday, June 25th. They set a “buy” rating and a $265.00 price objective for the company. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and a consensus target price of $201.58.

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.