New England Investment & Retirement Group Inc. decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 7.3% in the first quarter, Holdings Channel.com reports. The firm owned 367 shares of the electric vehicle producer’s stock after selling 29 shares during the quarter. New England Investment & Retirement Group Inc.’s holdings in Tesla were worth $245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of Tesla by 107.8% during the first quarter. International Assets Investment Management LLC now owns 8,482 shares of the electric vehicle producer’s stock valued at $5,820,000 after buying an additional 4,400 shares during the last quarter. Trust Asset Management LLC purchased a new position in Tesla in the first quarter worth about $4,090,000. Occidental Asset Management LLC boosted its position in Tesla by 96.7% in the fourth quarter. Occidental Asset Management LLC now owns 1,593 shares of the electric vehicle producer’s stock worth $1,124,000 after purchasing an additional 783 shares during the last quarter. Altium Wealth Management LLC boosted its position in Tesla by 29.5% in the fourth quarter. Altium Wealth Management LLC now owns 3,498 shares of the electric vehicle producer’s stock worth $2,468,000 after purchasing an additional 796 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its position in Tesla by 190.3% in the fourth quarter. 180 Wealth Advisors LLC now owns 4,935 shares of the electric vehicle producer’s stock worth $4,168,000 after purchasing an additional 3,235 shares during the last quarter. 41.39% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on TSLA shares. New Street Research raised Tesla from a “neutral” rating to a “buy” rating in a research report on Monday, March 15th. FIX raised Tesla to a “buy” rating in a research note on Tuesday, March 9th. Credit Suisse Group restated a “neutral” rating and set a $800.00 price objective on shares of Tesla in a report on Monday. BNP Paribas lowered Tesla from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $385.00 to $340.00 in a research report on Tuesday, January 5th. Finally, Wedbush reiterated a “buy” rating and set a $1,000.00 price target on shares of Tesla in a research note on Friday, April 9th. Eleven research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $421.93.

In other news, SVP Andrew D. Baglino sold 4,000 shares of the stock in a transaction dated Wednesday, February 10th. The shares were sold at an average price of $807.89, for a total transaction of $3,231,560.00. Following the transaction, the senior vice president now owns 23,226 shares of the company’s stock, valued at $18,764,053.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimbal Musk sold 30,000 shares of the stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $852.12, for a total transaction of $25,563,600.00. Following the sale, the director now owns 621,769 shares in the company, valued at approximately $529,821,800.28. The disclosure for this sale can be found here. Insiders have sold 145,153 shares of company stock worth $109,617,129 in the last ninety days. Corporate insiders own 23.00% of the company’s stock.

Tesla stock traded down $8.76 during trading on Tuesday, reaching $676.14. 119,920 shares of the company’s stock were exchanged, compared to its average volume of 34,665,016. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.32 and a current ratio of 1.63. The company’s 50-day moving average is $687.41 and its two-hundred day moving average is $659.28. The firm has a market cap of $651.35 billion, a price-to-earnings ratio of 1,375.30, a PEG ratio of 8.81 and a beta of 2.18. Tesla, Inc. has a 52-week low of $139.60 and a 52-week high of $900.40.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Sunday, April 25th. The electric vehicle producer reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The company had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Tesla had a net margin of 1.97% and a return on equity of 4.93%. The firm’s revenue for the quarter was up 73.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS. Analysts anticipate that Tesla, Inc. will post 1.02 EPS for the current year.

Tesla 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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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