Gilbert & Cook Inc. Sells 973 Shares of Tesla, Inc. $TSLA

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

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TSLA. TD Cowen upped their price objective on Tesla from $374.00 to $509.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Stifel Nicolaus set a $483.00 price target on Tesla and gave the stock a “buy” rating in a research note on Wednesday, October 8th. UBS Group set a $247.00 price objective on Tesla in a research report on Monday, October 6th. New Street Research boosted their target price on Tesla from $465.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group dropped their price target on shares of Tesla from $425.00 to $400.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have assigned a Hold rating and eleven have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $390.27.

Insider Buying and Selling

In related news, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares in the company, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the sale, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at $3,473,057.28. This represents a 20.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is owned by company insiders.

Tesla Stock Performance

TSLA opened at $456.56 on Friday. The company’s 50 day moving average is $410.52 and its 200 day moving average is $348.12. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.52 trillion, a price-to-earnings ratio of 304.37, a PEG ratio of 16.84 and a beta of 2.08. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $488.54.

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