Bensler LLC Reduces Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Bensler LLC decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,846 shares of the electric vehicle producer’s stock after selling 1,027 shares during the quarter. Bensler LLC’s holdings in Tesla were worth $2,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lynch Asset Management Inc. lifted its position in Tesla by 1.6% during the first quarter. Lynch Asset Management Inc. now owns 6,500 shares of the electric vehicle producer’s stock valued at $1,685,000 after buying an additional 100 shares during the period. Crowley Wealth Management Inc. lifted its position in Tesla by 1.3% during the first quarter. Crowley Wealth Management Inc. now owns 16,268 shares of the electric vehicle producer’s stock valued at $4,216,000 after buying an additional 214 shares during the period. Quintet Private Bank Europe S.A. lifted its position in Tesla by 44.2% during the first quarter. Quintet Private Bank Europe S.A. now owns 59,036 shares of the electric vehicle producer’s stock valued at $15,300,000 after buying an additional 18,093 shares during the period. RFG Holdings Inc. lifted its position in Tesla by 15.7% during the first quarter. RFG Holdings Inc. now owns 4,178 shares of the electric vehicle producer’s stock valued at $1,083,000 after buying an additional 566 shares during the period. Finally, Thomasville National Bank lifted its position in Tesla by 34.1% during the first quarter. Thomasville National Bank now owns 1,581 shares of the electric vehicle producer’s stock valued at $410,000 after buying an additional 402 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,395 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $23,300,200. The trade was a 56.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the sale, the chief financial officer now owns 26,950 shares of the company’s stock, valued at approximately $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 818,509 shares of company stock worth $273,791,775 in the last three months. 20.70% of the stock is currently owned by company insiders.

Tesla Price Performance

NASDAQ TSLA opened at $319.11 on Friday. Tesla, Inc. has a one year low of $176.92 and a one year high of $488.54. The stock has a 50-day moving average of $297.32 and a 200 day moving average of $332.97. The company has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 156.43, a PEG ratio of 5.86 and a beta of 2.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. HSBC lowered their price objective on Tesla from $165.00 to $130.00 and set a “reduce” rating for the company in a research report on Thursday, March 27th. Guggenheim reissued a “sell” rating and set a $170.00 price objective on shares of Tesla in a research report on Thursday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $410.00 price objective on shares of Tesla in a research report on Friday, June 6th. Roth Mkm lowered their price objective on Tesla from $450.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Finally, Benchmark reissued a “buy” rating and set a $350.00 price objective on shares of Tesla in a research report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $293.67.

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.