Greenbush Financial Group LLC Has $2.50 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Greenbush Financial Group LLC cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 21.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,658 shares of the electric vehicle producer’s stock after selling 2,669 shares during the period. Tesla accounts for 1.2% of Greenbush Financial Group LLC’s investment portfolio, making the stock its 21st largest holding. Greenbush Financial Group LLC’s holdings in Tesla were worth $2,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. San Luis Wealth Advisors LLC grew its holdings in Tesla by 4.5% during the 1st quarter. San Luis Wealth Advisors LLC now owns 12,324 shares of the electric vehicle producer’s stock worth $3,194,000 after acquiring an additional 526 shares during the period. Bell Bank boosted its position in shares of Tesla by 9.2% during the 1st quarter. Bell Bank now owns 14,956 shares of the electric vehicle producer’s stock valued at $3,876,000 after purchasing an additional 1,263 shares in the last quarter. PKO Investment Management Joint Stock Co grew its stake in Tesla by 117.5% during the first quarter. PKO Investment Management Joint Stock Co now owns 58,300 shares of the electric vehicle producer’s stock worth $15,109,000 after purchasing an additional 31,500 shares during the period. Insigneo Advisory Services LLC increased its holdings in Tesla by 25.1% in the first quarter. Insigneo Advisory Services LLC now owns 45,756 shares of the electric vehicle producer’s stock worth $11,858,000 after purchasing an additional 9,167 shares in the last quarter. Finally, Demars Financial Group LLC acquired a new position in Tesla in the first quarter valued at approximately $61,988,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group lowered their price objective 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. Baird R W lowered shares of Tesla from a “strong-buy” rating to a “hold” rating in a report on Monday, June 9th. Benchmark restated a “buy” rating and issued a $350.00 target price on shares of Tesla in a research note on Wednesday, April 23rd. Bank of America decreased their target price on Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Finally, TD Cowen upgraded Tesla from a “hold” rating to a “buy” rating and increased their price target for the stock from $180.00 to $388.00 in a report on Friday, March 7th. Ten research 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 stock. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $293.67.

Tesla Stock Up 1.2%

TSLA stock opened at $329.13 on Tuesday. The company has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 161.34, 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. The stock has a fifty day moving average of $301.53 and a 200-day moving average of $332.77. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). The company 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 previous year, the firm posted $0.45 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,564 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $285.71, for a total value of $732,560.44. Following the completion of the sale, the chief financial officer now owns 5,924 shares of the company’s stock, valued at approximately $1,692,546.04. The trade was a 30.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was 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 in the company, valued at $21,889,556. This represents a 18.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 833,509 shares of company stock worth $278,648,925 in the last three months. Corporate insiders own 20.70% of the company’s stock.

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; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.