Global Trust Asset Management LLC Has $443,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Global Trust Asset Management LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 59.3% during the first quarter, Holdings Channel reports. The fund owned 1,710 shares of the electric vehicle producer’s stock after selling 2,490 shares during the quarter. Global Trust Asset Management LLC’s holdings in Tesla were worth $443,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TSLA. True Wealth Design LLC lifted its position in shares of Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 31 shares during the period. Horrell Capital Management Inc. lifted its position in shares of Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 34 shares during the period. Pflug Koory LLC lifted its position in shares of Tesla by 370.4% during the 1st quarter. Pflug Koory LLC now owns 127 shares of the electric vehicle producer’s stock valued at $33,000 after acquiring an additional 100 shares during the period. GS Investments Inc. lifted its position in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after acquiring an additional 58 shares during the period. Finally, Navigoe LLC acquired a new position in shares of Tesla during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $329.13 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company has a fifty day moving average of $301.53 and a two-hundred day moving average of $332.77. The stock has a market capitalization of $1.06 trillion, a PE ratio of 161.34, a P/E/G ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a fifty-two week low of $177.00 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 previous year, the company posted $0.45 EPS. As a group, research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on TSLA shares. The Goldman Sachs Group decreased their price target on shares of Tesla from $295.00 to $285.00 and set a “neutral” rating for the company in a research note on Friday, June 6th. Guggenheim reiterated a “sell” rating on shares of Tesla in a research note on Friday. Royal Bank of Canada reduced their target price on shares of Tesla from $314.00 to $307.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Glj Research reiterated a “sell” rating and issued a $19.05 target price (down previously from $24.86) on shares of Tesla in a research note on Monday, April 21st. Finally, UBS Group reduced their target price on shares of Tesla from $225.00 to $190.00 and set a “sell” rating for the company in a research note on Thursday, April 10th. Ten investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus price target of $293.67.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were 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 now owns 67,600 shares of the company’s stock, valued at $21,889,556. This trade represents a 18.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 1,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the transaction, the chief financial officer now directly owns 1,950 shares of the company’s stock, valued at approximately $682,500. This trade represents a 33.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 833,509 shares of company stock valued at $278,648,925. 20.70% of the stock is owned by company 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.