Tesla, Inc. $TSLA Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc cut its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 16.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,389 shares of the electric vehicle producer’s stock after selling 2,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Tesla were worth $3,862,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TSLA. Crestwood Advisors Group LLC increased its stake in Tesla by 34.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after purchasing an additional 5,039 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Tesla by 29.6% in the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock valued at $14,487,000 after buying an additional 7,446 shares during the last quarter. Calamos Wealth Management LLC boosted its stake in shares of Tesla by 5.9% during the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after buying an additional 2,341 shares during the period. Private Capital Advisors Inc. grew its holdings in shares of Tesla by 139.3% during the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock worth $9,593,000 after buying an additional 12,417 shares during the last quarter. Finally, Wealthquest Corp purchased a new position in shares of Tesla during the fourth quarter worth about $1,035,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

Wall Street Analyst Weigh In

Several analysts have commented on TSLA shares. Barclays reaffirmed a “neutral” rating on shares of Tesla in a research note on Wednesday, May 13th. William Blair restated a “market perform” rating on shares of Tesla in a research note on Thursday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Tesla in a research report on Wednesday, June 24th. Cantor Fitzgerald reissued an “overweight” rating on shares of Tesla in a research note on Monday, June 1st. Finally, Truist Financial upped their price objective on shares of Tesla from $400.00 to $430.00 and gave the stock a “hold” rating in a research report on Thursday. Twenty-one analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $403.92.

Read Our Latest Stock Analysis on TSLA

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. This represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 32,015 shares of company stock worth $12,383,640. Corporate insiders own 19.90% of the company’s stock.

Tesla Price Performance

TSLA opened at $393.45 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. Tesla, Inc. has a 12 month low of $288.77 and a 12 month high of $498.83. The stock has a market capitalization of $1.48 trillion, a P/E ratio of 360.96, a P/E/G ratio of 15.61 and a beta of 1.80. The business has a 50 day simple moving average of $407.39 and a 200-day simple moving average of $411.79.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.Tesla’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. On average, equities analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

Featured Stories

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.