Gilbert & Cook Inc. Lowers Holdings in Tesla, Inc. $TSLA

Gilbert & Cook Inc. trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,136 shares of the electric vehicle producer’s stock after selling 973 shares during the quarter. Tesla makes up approximately 0.5% of Gilbert & Cook Inc.’s holdings, making the stock its 17th biggest position. Gilbert & Cook Inc.’s holdings in Tesla were worth $3,855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TSLA. Brighton Jones LLC boosted its holdings in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after buying an additional 931 shares in the last quarter. Bison Wealth LLC boosted its stake in Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after buying an additional 3,558 shares during the last quarter. Aviance Capital Partners LLC grew its holdings in Tesla by 7.2% during the 1st quarter. Aviance Capital Partners LLC now owns 1,292 shares of the electric vehicle producer’s stock valued at $335,000 after buying an additional 87 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its stake in Tesla by 28.7% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 4,364 shares of the electric vehicle producer’s stock worth $1,131,000 after acquiring an additional 972 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 3.7%

Shares of NASDAQ:TSLA opened at $456.56 on Friday. The firm has a market capitalization of $1.52 trillion, a PE ratio of 304.37, a price-to-earnings-growth ratio of 16.84 and a beta of 2.08. The business has a 50 day simple moving average of $410.52 and a two-hundred day simple moving average of $348.12. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TSLA shares. UBS Group set a $247.00 target price on Tesla in a research report on Monday, October 6th. Canaccord Genuity Group lowered their price objective on shares of Tesla from $490.00 to $482.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Benchmark restated a “buy” rating on shares of Tesla in a report on Thursday, October 23rd. China Renaissance increased their price target on shares of Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a report on Friday, October 24th. Finally, Wall Street Zen upgraded Tesla from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and eleven have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $390.27.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the sale, the chief financial officer owned 9,856 shares in the company, valued at $3,473,057.28. This trade represents a 20.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 202,606 shares of company stock worth $75,588,902 over the last quarter. Company insiders own 19.90% of the company’s stock.

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.