Bristol John W & Co. Inc. NY Reduces Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Bristol John W & Co. Inc. NY decreased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,147 shares of the electric vehicle producer's stock after selling 7,517 shares during the quarter. Tesla makes up 2.1% of Bristol John W & Co. Inc. NY's portfolio, making the stock its 19th biggest holding. Bristol John W & Co. Inc. NY's holdings in Tesla were worth $128,480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position 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 increased its position 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 buying an additional 1,655,203 shares in the last quarter. Norges Bank purchased a new stake in Tesla in the fourth quarter worth about $14,420,248,000. FMR LLC increased its position 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 buying an additional 9,920,325 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of 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 acquiring an additional 5,075,418 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 6,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $296.02, for a total value of $1,776,120.00. Following the completion of the sale, the chief financial officer now owns 23,084 shares of the company's stock, valued at $6,833,325.68. This trade represents a 20.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total value of $33,673,167.90. Following the completion of the sale, the director now directly owns 85,000 shares of the company's stock, valued at $25,466,850. The trade was a 56.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 415,623 shares of company stock valued at $116,650,831. 20.70% of the stock is currently owned by corporate insiders.

Tesla Trading Up 6.9%

TSLA traded up $23.55 during trading on Tuesday, hitting $362.89. 118,443,476 shares of the stock were exchanged, compared to its average volume of 97,589,424. The firm has a 50 day simple moving average of $279.40 and a 200 day simple moving average of $333.38. The firm has a market cap of $1.17 trillion, a price-to-earnings ratio of 177.89, a P/E/G ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TSLA shares. Stifel Nicolaus set a $450.00 price objective on Tesla and gave the stock a "buy" rating in a research note on Thursday, April 24th. Guggenheim reaffirmed a "sell" rating and issued a $170.00 price objective on shares of Tesla in a research note on Thursday, April 24th. Wall Street Zen lowered Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a research note on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tesla currently has an average rating of "Hold" and a consensus price target of $293.97.

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.