Gordian Capital Singapore Pte Ltd Sells 4,600 Shares of Tesla, Inc. (NASDAQ:TSLA)

Gordian Capital Singapore Pte Ltd lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 47.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,046 shares of the electric vehicle producer's stock after selling 4,600 shares during the period. Tesla comprises about 1.0% of Gordian Capital Singapore Pte Ltd's portfolio, making the stock its 19th biggest position. Gordian Capital Singapore Pte Ltd's holdings in Tesla were worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Investmark Advisory Group LLC increased its position in Tesla by 0.8% during the 4th quarter. Investmark Advisory Group LLC now owns 4,919 shares of the electric vehicle producer's stock valued at $1,986,000 after purchasing an additional 40 shares during the period. City National Bank of Florida MSD acquired a new stake in shares of Tesla during the fourth quarter worth $414,000. JT Stratford LLC raised its stake in Tesla by 10.6% during the fourth quarter. JT Stratford LLC now owns 24,451 shares of the electric vehicle producer's stock worth $9,874,000 after buying an additional 2,341 shares during the last quarter. Cornerstone Advisory LLC boosted its position in Tesla by 28.0% during the fourth quarter. Cornerstone Advisory LLC now owns 2,000 shares of the electric vehicle producer's stock valued at $808,000 after acquiring an additional 437 shares during the last quarter. Finally, Pacific Center for Financial Services grew its holdings in Tesla by 1,616.7% during the 4th quarter. Pacific Center for Financial Services now owns 103 shares of the electric vehicle producer's stock worth $42,000 after acquiring an additional 97 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This trade represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now owns 23,084 shares in the company, valued at $6,833,325.68. This represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 415,623 shares of company stock valued at $116,650,831. Corporate insiders own 20.70% of the company's stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $334.62 on Thursday. 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, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The stock has a market cap of $1.08 trillion, a PE ratio of 164.03, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The stock has a fifty day moving average of $272.99 and a 200-day moving average of $331.41.

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

Analyst Ratings Changes

Several brokerages recently commented on TSLA. Raymond James lowered Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company decreased their target price on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Piper Sandler set a $400.00 price target on Tesla in a report on Tuesday, May 6th. StockNews.com downgraded Tesla from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Finally, Oppenheimer reiterated a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $289.43.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.