GTS Securities LLC Has $14.80 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

GTS Securities LLC reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 97.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,640 shares of the electric vehicle producer's stock after selling 1,260,073 shares during the quarter. Tesla accounts for about 0.7% of GTS Securities LLC's investment portfolio, making the stock its 16th largest holding. GTS Securities LLC's holdings in Tesla were worth $14,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TSLA. Wealth Group Ltd. purchased a new position in shares of Tesla during the 4th quarter valued at approximately $275,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Tesla during the 4th quarter valued at approximately $1,361,000. Tallon Kerry Patrick purchased a new position in shares of Tesla during the 4th quarter valued at approximately $374,000. Flower City Capital raised its position in shares of Tesla by 15.2% during the 4th quarter. Flower City Capital now owns 961 shares of the electric vehicle producer's stock valued at $388,000 after acquiring an additional 127 shares in the last quarter. Finally, McCarthy & Cox bought a new position in Tesla during the fourth quarter worth $269,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $350.11, for a total value of $1,050,330.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares in the company, valued at $9,435,464.50. This trade represents a 10.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of Tesla stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total value of $30,809,717.40. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at $23,300,200. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 415,623 shares of company stock valued at $116,650,831 over the last three months. Company insiders own 20.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird reduced their price objective on Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Cfra Research cut Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Royal Bank of Canada reduced their price objective on Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Bank of America reduced their price objective on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Finally, Canaccord Genuity Group reduced their price objective on Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Tesla presently has a consensus rating of "Hold" and an average target price of $293.97.

Tesla Price Performance

NASDAQ:TSLA traded down $1.70 during mid-day trading on Friday, reaching $339.34. 84,419,224 shares of the stock were exchanged, compared to its average volume of 97,498,491. The business has a fifty day moving average price of $277.33 and a 200 day moving average price of $333.00. The firm has a market capitalization of $1.09 trillion, a PE ratio of 166.34, a PEG 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 current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

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