Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Vident Advisory LLC

Vident Advisory LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 31.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,286 shares of the electric vehicle producer's stock after selling 46,452 shares during the quarter. Tesla comprises about 0.7% of Vident Advisory LLC's holdings, making the stock its 26th biggest holding. Vident Advisory LLC's holdings in Tesla were worth $40,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TSLA. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $56,600,000. Stephens Consulting LLC grew its position in Tesla by 126.7% during the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after purchasing an additional 891 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. increased its stake in Tesla by 133.7% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after purchasing an additional 1,629 shares during the period. Harvard Management Co. Inc. purchased a new stake in shares of Tesla in the fourth quarter valued at about $8,158,000. Finally, Ameritas Advisory Services LLC boosted its stake in shares of Tesla by 104.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer's stock worth $23,242,000 after buying an additional 29,458 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 6,000 shares of Tesla stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the sale, the chief financial officer now directly owns 23,084 shares of the company's stock, valued at approximately $6,833,325.68. The trade was a 20.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at $25,466,850. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 412,623 shares of company stock worth $115,600,501. 20.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Cantor Fitzgerald lowered their target price on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Roth Mkm dropped their price target on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group restated a "neutral" rating on shares of Tesla in a research note on Tuesday, April 22nd. Ten equities research 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $289.43.

Tesla Price Performance

TSLA opened at $349.98 on Monday. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The company has a 50 day moving average of $267.35 and a two-hundred day moving average of $330.65. The company has a market cap of $1.13 trillion, a P/E ratio of 171.56, a P/E/G 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 (NASDAQ:TSLA - Get Free Report) last announced its quarterly 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 return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same period last year, the company posted $0.45 earnings per share. On average, analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla 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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