Public Employees Retirement Association of Colorado trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,238 shares of the electric vehicle producer’s stock after selling 383 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Tesla were worth $6,450,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Tesla by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 102,250 shares of the electric vehicle producer’s stock worth $34,876,000 after buying an additional 1,938 shares in the last quarter. DnB Asset Management AS raised its stake in shares of Tesla by 5.3% during the 4th quarter. DnB Asset Management AS now owns 13,820 shares of the electric vehicle producer’s stock worth $4,303,000 after buying an additional 699 shares in the last quarter. Daiwa SB Investments Ltd. raised its stake in shares of Tesla by 41.3% during the 4th quarter. Daiwa SB Investments Ltd. now owns 1,766 shares of the electric vehicle producer’s stock worth $550,000 after buying an additional 516 shares in the last quarter. Appleton Partners Inc. MA purchased a new position in shares of Tesla during the 4th quarter worth approximately $274,000. Finally, Private Capital Advisors Inc. purchased a new position in shares of Tesla during the 4th quarter worth approximately $318,000. 58.22% of the stock is owned by institutional investors.
In other Tesla news, VP Eric Branderiz sold 401 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $353.50, for a total transaction of $141,753.50. Following the sale, the vice president now owns 1,248 shares in the company, valued at approximately $441,168. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John Douglas Field sold 1,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $330.06, for a total value of $330,060.00. Following the sale, the vice president now owns 19,028 shares in the company, valued at approximately $6,280,381.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,728 shares of company stock worth $1,502,822. 22.80% of the stock is owned by insiders.
Shares of NASDAQ:TSLA opened at $302.77 on Tuesday. The firm has a market cap of $49.68 billion, a price-to-earnings ratio of -26.37 and a beta of 1.11. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.56 and a current ratio of 0.86. Tesla, Inc. has a one year low of $244.59 and a one year high of $389.61.
Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, May 2nd. The electric vehicle producer reported ($3.35) EPS for the quarter, missing analysts’ consensus estimates of ($2.40) by ($0.95). The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.30 billion. Tesla had a negative net margin of 18.77% and a negative return on equity of 39.97%. Tesla’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the company posted ($1.33) EPS. equities research analysts forecast that Tesla, Inc. will post -15.15 earnings per share for the current year.
A number of equities analysts have recently issued reports on the company. BidaskClub raised Tesla from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Vetr downgraded Tesla from a “hold” rating to a “sell” rating and set a $341.15 target price for the company. in a research note on Monday, February 26th. Zacks Investment Research downgraded Tesla from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. KeyCorp reissued a “hold” rating on shares of Tesla in a research note on Tuesday, March 13th. Finally, Morgan Stanley set a $379.00 target price on Tesla and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Twelve analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $303.76.
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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