Baillie Gifford & Co. Has $456.65 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Baillie Gifford & Co. decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 76.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,762,022 shares of the electric vehicle producer’s stock after selling 5,660,651 shares during the quarter. Baillie Gifford & Co.’s holdings in Tesla were worth $456,646,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Eagle Capital Management LLC acquired a new position in shares of Tesla in the fourth quarter valued at $331,000. Brighton Jones LLC grew its holdings in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares during the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of Tesla during the fourth quarter worth $346,000. Finally, Highview Capital Management LLC DE acquired a new position in shares of Tesla during the fourth quarter valued at $2,367,000. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the transaction, the senior vice president owned 67,600 shares in the company, valued at approximately $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 6,000 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $341.02, for a total transaction of $2,046,120.00. Following the completion of the transaction, the chief financial officer owned 1,950 shares of the company’s stock, valued at approximately $664,989. This trade represents a 75.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 835,509 shares of company stock valued at $279,420,485 over the last ninety days. Corporate insiders own 20.70% of the company’s stock.

Tesla Price Performance

Shares of TSLA opened at $305.30 on Friday. The firm has a market capitalization of $983.36 billion, a PE ratio of 176.47, a price-to-earnings-growth ratio of 12.63 and a beta of 2.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. Tesla, Inc. has a 1-year low of $182.00 and a 1-year high of $488.54. The company’s fifty day moving average price is $325.38 and its 200-day moving average price is $315.19.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The company had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 8.11%. Tesla’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. On average, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus set a $450.00 target price on Tesla and gave the company a “buy” rating in a research note on Thursday, April 24th. Royal Bank Of Canada dropped their price target on Tesla from $314.00 to $307.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Roth Mkm dropped their price target on Tesla from $450.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group dropped their price target on Tesla from $315.00 to $285.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. Finally, Cfra Research downgraded Tesla from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Ten analysts have rated the stock with a sell rating, thirteen have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $301.26.

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.