Baader Bank Aktiengesellschaft Sells 4,170 Shares of Tesla, Inc. $TSLA

Baader Bank Aktiengesellschaft trimmed its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 61.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,655 shares of the electric vehicle producer’s stock after selling 4,170 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Tesla were worth $987,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Networth Advisors LLC bought a new position in Tesla in the 4th quarter worth about $26,000. Chapman Financial Group LLC purchased a new stake in Tesla during the 2nd quarter valued at about $26,000. Davidson Capital Management Inc. increased its stake in Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 27 shares in the last quarter. Friedenthal Financial raised its holdings in Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 30 shares during the last quarter. Finally, Prism Advisors Inc. purchased a new position in Tesla in the fourth quarter worth about $30,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 32,015 shares of company stock worth $12,383,640 in the last quarter. Corporate insiders own 19.90% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $369.57 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.39 trillion, a PE ratio of 339.06, a price-to-earnings-growth ratio of 13.08 and a beta of 1.80. The firm’s 50 day moving average price is $407.91 and its 200-day moving average price is $405.03. Tesla, Inc. has a twelve month low of $297.82 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) 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 company had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same period in the previous year, the business posted $0.27 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. Equities research analysts expect that Tesla, Inc. will post 1.34 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of recent analyst reports. President Capital increased their price target on shares of Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a report on Monday, April 27th. Morgan Stanley assumed coverage on Tesla in a research report on Monday. They issued a “hold” rating on the stock. Evercore upgraded Tesla from a “hold” rating to an “outperform” rating in a research note on Friday, June 5th. Wedbush restated an “outperform” rating and issued a $600.00 price target on shares of Tesla in a research note on Tuesday, April 21st. Finally, Robert W. Baird lowered their price target on Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Twenty-one analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $408.07.

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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.

Further Reading

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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