Mountain Pacific Investment Advisers LLC Sells 199 Shares of Tesla, Inc. (NASDAQ:TSLA)

Mountain Pacific Investment Advisers LLC decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 10.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,648 shares of the electric vehicle producer’s stock after selling 199 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Tesla were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Tesla by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer’s stock worth $98,211,134,000 after buying an additional 3,571,793 shares in the last quarter. Geode Capital Management LLC grew its holdings in Tesla by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer’s stock worth $24,566,217,000 after purchasing an additional 1,655,203 shares during the last quarter. Norges Bank purchased a new position in Tesla in the fourth quarter worth $14,420,248,000. FMR LLC grew its holdings in Tesla by 40.1% in the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer’s stock worth $13,997,660,000 after purchasing an additional 9,920,325 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Tesla by 21.6% in the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer’s stock worth $11,541,592,000 after purchasing an additional 5,075,418 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the chief financial officer now owns 1,950 shares of the company’s stock, valued at approximately $682,500. This represents a 33.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia purchased 4,000 shares of the company’s stock in a transaction dated Thursday, April 24th. The stock was purchased at an average cost of $256.31 per share, with a total value of $1,025,240.00. Following the purchase, the director now owns 4,111 shares in the company, valued at approximately $1,053,690.41. This trade represents a 3,603.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 833,509 shares of company stock valued at $278,648,925. Corporate insiders own 20.70% of the company’s stock.

Tesla Stock Up 1.2%

TSLA opened at $329.13 on Tuesday. Tesla, Inc. has a twelve month low of $177.00 and a twelve month high of $488.54. The company has a market cap of $1.06 trillion, a PE ratio of 161.34, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $301.53 and a 200 day moving average price of $332.77.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The business had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same period in the prior year, the company posted $0.45 EPS. Sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on TSLA. Robert W. Baird reaffirmed a “neutral” rating and issued a $320.00 price target on shares of Tesla in a report on Monday, June 9th. BNP Paribas set a $137.00 price target on shares of Tesla and gave the stock an “underperform” rating in a report on Wednesday, April 16th. UBS Group dropped their price objective on shares of Tesla from $225.00 to $190.00 and set a “sell” rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group dropped their price objective on shares of Tesla from $295.00 to $285.00 and set a “neutral” rating on the stock in a report on Friday, June 6th. Finally, Benchmark reissued a “buy” rating and set a $350.00 price objective on shares of Tesla in a report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $293.67.

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.