Brevan Howard Capital Management LP Decreases Holdings in Tesla, Inc. (NASDAQ:TSLA)

Brevan Howard Capital Management LP lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 76.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,379 shares of the electric vehicle producer's stock after selling 24,386 shares during the period. Brevan Howard Capital Management LP's holdings in Tesla were worth $2,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Horrell Capital Management Inc. boosted its stake in shares of Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. lifted its holdings in Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. Navigoe LLC acquired a new stake in Tesla during the 4th quarter worth $37,000. CoreFirst Bank & Trust purchased a new stake in shares of Tesla during the fourth quarter worth $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at about $39,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,672 shares of Tesla stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $7,242,273.50. The trade was a 9.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total value of $32,096,336.20. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at approximately $24,274,300. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 367,228 shares of company stock valued at $110,043,434. Insiders own 20.70% of the company's stock.

Tesla Price Performance

Tesla stock opened at $280.26 on Tuesday. The company's 50 day moving average is $258.60 and its two-hundred day moving average is $326.33. The firm has a market cap of $902.71 billion, a PE ratio of 137.38, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter last year, the company earned $0.45 EPS. On average, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the subject of a number of recent research reports. Stifel Nicolaus set a $450.00 price objective on shares of Tesla and gave the company a "buy" rating in a report on Thursday, April 24th. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a report on Wednesday, April 23rd. Benchmark reiterated a "buy" rating and set a $350.00 price objective on shares of Tesla in a research report on Wednesday, April 23rd. Argus set a $410.00 target price on Tesla in a report on Thursday, April 24th. Finally, StockNews.com cut shares of Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $287.46.

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.

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