Tesla, Inc. (NASDAQ:TSLA) Stock Position Decreased by Kintegral Advisory LLC

Kintegral Advisory LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA) by 32.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,752 shares of the electric vehicle producer’s stock after selling 25,873 shares during the period. Tesla accounts for about 2.0% of Kintegral Advisory LLC’s holdings, making the stock its 5th largest holding. Kintegral Advisory LLC’s holdings in Tesla were worth $13,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Eagle Capital Management LLC purchased a new stake in Tesla during the 4th quarter valued at $331,000. Brighton Jones LLC boosted its stake in Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after purchasing an additional 931 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new stake in Tesla during the 4th quarter valued at $346,000. Finally, Highview Capital Management LLC DE purchased a new stake in Tesla during the 4th quarter valued at $2,367,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TSLA shares. Morgan Stanley reissued an “overweight” rating and set a $410.00 price target on shares of Tesla in a report on Friday, June 6th. Barclays lowered their price target on Tesla from $325.00 to $275.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Mizuho increased their price target on Tesla from $325.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Royal Bank Of Canada lowered their price target on Tesla from $314.00 to $307.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Finally, Baird R W cut Tesla from a “strong-buy” rating to a “hold” rating in a report on Monday, June 9th. Ten analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $301.24.

Tesla Price Performance

NASDAQ:TSLA opened at $313.56 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The business’s 50-day simple moving average is $320.93 and its two-hundred day simple moving average is $325.92. The stock has a market cap of $1.01 trillion, a PE ratio of 172.29, a P/E/G ratio of 9.17 and a beta of 2.39. Tesla, Inc. has a 52 week low of $182.00 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 6.66% and a return on equity of 9.02%. During the same period in the prior year, the business earned $0.45 earnings per share. As a group, analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity

In other news, SVP Xiaotong Zhu sold 15,000 shares of the firm’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the transaction, the senior vice president owned 67,600 shares in the company, valued at $21,889,556. This trade represents a 18.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 91,588 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total value of $32,732,635.32. Following the transaction, the director owned 1,463,220 shares of the company’s stock, valued at approximately $522,940,195.80. The trade was a 5.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 833,509 shares of company stock valued at $278,648,925. 20.70% of the stock is owned by corporate insiders.

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.