JTC Employer Solutions Trustee Ltd Has $179,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

JTC Employer Solutions Trustee Ltd lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 25.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 990 shares of the electric vehicle producer’s stock after selling 345 shares during the period. JTC Employer Solutions Trustee Ltd’s holdings in Tesla were worth $179,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. TCP Asset Management LLC acquired a new stake in shares of Tesla in the first quarter valued at about $451,000. OMNI 360 Wealth Inc. lifted its position in shares of Tesla by 3.7% during the 1st quarter. OMNI 360 Wealth Inc. now owns 2,622 shares of the electric vehicle producer’s stock worth $461,000 after buying an additional 93 shares in the last quarter. IVC Wealth Advisors LLC boosted its stake in shares of Tesla by 217.5% in the 1st quarter. IVC Wealth Advisors LLC now owns 2,642 shares of the electric vehicle producer’s stock worth $464,000 after buying an additional 1,810 shares during the last quarter. BluePath Capital Management LLC grew its holdings in shares of Tesla by 3.6% in the first quarter. BluePath Capital Management LLC now owns 14,258 shares of the electric vehicle producer’s stock valued at $2,506,000 after acquiring an additional 497 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Tesla by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 347,254 shares of the electric vehicle producer’s stock worth $61,043,000 after acquiring an additional 1,925 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The disclosure for this sale can be found here. 20.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TSLA shares. Deutsche Bank Aktiengesellschaft lifted their target price on Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Citigroup reissued a “neutral” rating on shares of Tesla in a report on Wednesday, June 12th. Wedbush boosted their target price on Tesla from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday. Bank of America raised Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Wednesday, April 24th. Finally, New Street Research reaffirmed a “buy” rating and set a $235.00 price objective on shares of Tesla in a report on Tuesday, June 25th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average target price of $189.47.

Tesla Trading Up 6.5 %

TSLA traded up $15.13 during trading on Wednesday, hitting $246.39. 166,561,422 shares of the stock traded hands, compared to its average volume of 97,073,484. The firm has a 50-day moving average of $180.89 and a 200 day moving average of $190.93. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The firm has a market capitalization of $785.79 billion, a P/E ratio of 62.85, a price-to-earnings-growth ratio of 4.91 and a beta of 2.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. Equities research analysts anticipate that Tesla, Inc. will post 1.86 EPS for the current year.

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.