Albion Financial Group UT Sells 13,754 Shares of Tesla, Inc. (NASDAQ:TSLA)

Albion Financial Group UT decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 69.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,145 shares of the electric vehicle producer’s stock after selling 13,754 shares during the period. Albion Financial Group UT’s holdings in Tesla were worth $1,080,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Apexium Financial LP boosted its stake in Tesla by 736.8% during the fourth quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock valued at $6,201,000 after buying an additional 21,972 shares during the period. Mount Vernon Associates Inc. MD lifted its stake in Tesla by 5.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after purchasing an additional 350 shares during the last quarter. Forum Financial Management LP lifted its stake in Tesla by 19.7% during the fourth quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock worth $5,410,000 after purchasing an additional 3,582 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in Tesla by 16.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock worth $11,533,000 after purchasing an additional 6,615 shares during the last quarter. Finally, Catalyst Financial Partners LLC lifted its stake in Tesla by 9.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock worth $1,734,000 after purchasing an additional 598 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Tesla in a research note on Tuesday, June 25th. They set a “buy” rating and a $265.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their target price on Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Wedbush boosted their target price on Tesla from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday. Truist Financial reissued a “hold” rating and issued a $162.00 target price on shares of Tesla in a research note on Wednesday. Finally, Oppenheimer reissued a “market perform” rating on shares of Tesla in a research note on Tuesday. Seven 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $189.47.

Insider Activity

In other 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 transaction of $113,236.50. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related 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 value of $17,322,306.30. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,772,900. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction dated 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 transaction, the senior vice president now 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. Insiders own 20.90% of the company’s stock.

Tesla Stock Up 6.5 %

TSLA stock traded up $15.13 during midday trading on Wednesday, hitting $246.39. The company’s stock had a trading volume of 166,561,422 shares, compared to its average volume of 97,070,531. The company has a market cap of $785.79 billion, a PE ratio of 62.85, a P/E/G ratio of 4.91 and a beta of 2.31. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average is $180.89 and its 200-day moving average is $190.93.

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

About Tesla

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.