Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Wellington Wealth Strategies LLC.

Wellington Wealth Strategies LLC. lessened its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 47.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,576 shares of the electric vehicle producer's stock after selling 1,447 shares during the quarter. Wellington Wealth Strategies LLC.'s holdings in Tesla were worth $636,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TSLA. Whelan Financial boosted its stake in Tesla by 31.8% in the 4th quarter. Whelan Financial now owns 1,677 shares of the electric vehicle producer's stock worth $677,000 after purchasing an additional 405 shares in the last quarter. Willis Johnson & Associates Inc. raised its holdings in shares of Tesla by 26.4% in the fourth quarter. Willis Johnson & Associates Inc. now owns 8,445 shares of the electric vehicle producer's stock worth $3,410,000 after buying an additional 1,764 shares during the last quarter. Woodline Partners LP purchased a new stake in shares of Tesla during the fourth quarter valued at $67,731,000. Zurich Insurance Group Ltd FI increased its position in shares of Tesla by 41.6% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 641,897 shares of the electric vehicle producer's stock valued at $259,224,000 after acquiring an additional 188,650 shares during the period. Finally, Victrix Investment Advisors purchased a new position in Tesla in the 4th quarter worth $428,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares of the company's stock, valued at $114,859,478.69. This trade represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the completion of the sale, the chief financial officer now directly owns 23,084 shares in the company, valued at $6,833,325.68. This trade represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 412,623 shares of company stock worth $115,600,501. Company insiders own 20.70% of the company's stock.

Tesla Stock Down 2.3%

Shares of NASDAQ:TSLA opened at $342.09 on Tuesday. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The stock has a market cap of $1.10 trillion, a P/E ratio of 167.69, a PEG ratio of 5.86 and a beta of 2.43. The business has a fifty day moving average of $269.23 and a two-hundred day moving average of $331.30. 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 data 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 during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the prior year, the company posted $0.45 EPS. On average, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Roth Mkm cut their price target on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Raymond James cut shares of Tesla to an "outperform" rating in a research note on Tuesday, April 22nd. Robert W. Baird dropped their price objective on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Benchmark restated a "buy" rating and set a $350.00 target price on shares of Tesla in a research report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $289.43.

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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