Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,191 shares of the electric vehicle producer’s stock after selling 242 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Tesla were worth $561,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CHICAGO TRUST Co NA grew its position in Tesla by 11.8% during the 4th quarter. CHICAGO TRUST Co NA now owns 2,593 shares of the electric vehicle producer’s stock worth $644,000 after purchasing an additional 273 shares in the last quarter. Raymond James & Associates grew its position in Tesla by 2.8% during the 4th quarter. Raymond James & Associates now owns 1,148,253 shares of the electric vehicle producer’s stock worth $285,318,000 after purchasing an additional 31,162 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Tesla by 3.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 616,437 shares of the electric vehicle producer’s stock worth $153,172,000 after purchasing an additional 23,321 shares in the last quarter. Godsey & Gibb Inc. grew its position in Tesla by 57.2% during the 4th quarter. Godsey & Gibb Inc. now owns 3,574 shares of the electric vehicle producer’s stock worth $888,000 after purchasing an additional 1,300 shares in the last quarter. Finally, HBW Advisory Services LLC grew its position in Tesla by 3.8% during the 4th quarter. HBW Advisory Services LLC now owns 15,834 shares of the electric vehicle producer’s stock worth $3,934,000 after purchasing an additional 577 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The disclosure for this sale can be found here. Insiders own 25.10% of the company’s stock.

Tesla Price Performance

NASDAQ:TSLA traded down $25.71 during mid-day trading on Wednesday, hitting $220.67. The company’s stock had a trading volume of 122,986,219 shares, compared to its average volume of 100,923,547. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $278.98. 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 company has a market capitalization of $703.76 billion, a price-to-earnings ratio of 55.62, a P/E/G ratio of 6.28 and a beta of 2.31. The stock has a fifty day moving average of $203.08 and a 200-day moving average of $191.00.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). The firm had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. Tesla’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 earnings per share. As a group, equities analysts forecast that Tesla, Inc. will post 1.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on TSLA. Evercore ISI lowered their price objective on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, April 29th. TD Cowen boosted their price target on shares of Tesla from $160.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. New Street Research cut shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target on the stock. in a report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Wednesday. Finally, Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Tuesday, July 9th. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $201.18.

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.