Trivant Custom Portfolio Group LLC Sells 150 Shares of Tesla, Inc. (NASDAQ:TSLA)

Trivant Custom Portfolio Group LLC decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 11.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,138 shares of the electric vehicle producer’s stock after selling 150 shares during the quarter. Trivant Custom Portfolio Group LLC’s holdings in Tesla were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in TSLA. Wyrmwood Management LLC bought a new position in shares of Tesla during the 4th quarter valued at approximately $25,000. Lam Group Inc. bought a new position in shares of Tesla during the 4th quarter valued at approximately $25,000. Mendota Financial Group LLC increased its position in shares of Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Tesla during the 4th quarter valued at approximately $37,000. Finally, Guardian Wealth Management Inc. purchased a new position in Tesla during the 4th quarter valued at $47,000. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of recent analyst reports. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Wednesday, April 24th. Robert W. Baird restated an “outperform” rating and set a $280.00 price objective on shares of Tesla in a report on Wednesday, April 17th. Guggenheim restated a “sell” rating and set a $126.00 price objective on shares of Tesla in a report on Tuesday. Bank of America upgraded Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Wednesday, April 24th. Finally, Citigroup reiterated a “neutral” rating on shares of Tesla in a report on Wednesday, June 12th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $187.30.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the sale, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred 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 owns 65,155 shares in the company, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. Insiders have sold 104,855 shares of company stock worth $19,285,643 over the last quarter. 25.10% of the stock is currently owned by insiders.

Tesla Stock Performance

Shares of TSLA stock traded up $0.46 during mid-day trading on Friday, reaching $197.88. The stock had a trading volume of 95,438,068 shares, compared to its average volume of 68,945,696. The business’s fifty day moving average is $177.80 and its 200-day moving average is $191.71. 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 has a market cap of $631.08 billion, a price-to-earnings ratio of 50.48, a PEG ratio of 4.90 and a beta of 2.32. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29.

Tesla (NASDAQ:TSLA) last issued its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The firm had revenue of $21.30 billion for the quarter, compared to the consensus estimate of $22.15 billion. On average, research analysts forecast that Tesla, Inc. will post 1.87 earnings per share for the current year.

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.