Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. reduced its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 31.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,122 shares of the electric vehicle producer's stock after selling 3,266 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Tesla were worth $2,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hengehold Capital Management LLC raised its holdings in shares of Tesla by 1.8% in the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock worth $544,000 after purchasing an additional 24 shares during the period. Strategic Investment Advisors MI grew its stake in shares of Tesla by 0.3% in the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after buying an additional 24 shares in the last quarter. Vista Finance LLC grew its stake in shares of Tesla by 0.7% in the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after buying an additional 25 shares in the last quarter. Prospect Financial Services LLC grew its stake in shares of Tesla by 0.3% in the fourth quarter. Prospect Financial Services LLC now owns 7,500 shares of the electric vehicle producer's stock valued at $3,029,000 after buying an additional 26 shares in the last quarter. Finally, Jmac Enterprises LLC grew its stake in shares of Tesla by 0.7% in the fourth quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after buying an additional 26 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia purchased 4,000 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was bought at an average cost of $256.31 per share, for a total transaction of $1,025,240.00. Following the acquisition, the director now owns 4,111 shares in the company, valued at approximately $1,053,690.41. The trade was a 3,603.60% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 415,623 shares of company stock valued at $116,650,831. Insiders own 20.70% of the company's stock.

Tesla Trading Up 0.5%

NASDAQ:TSLA opened at $343.82 on Wednesday. The company has a market cap of $1.11 trillion, a PE ratio of 168.54, a P/E/G ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The business's 50 day moving average is $271.29 and its two-hundred day moving average is $331.39.

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 (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period last year, the business posted $0.45 EPS. On average, analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

TSLA has been the subject of a number of recent research reports. Guggenheim reiterated a "sell" rating and issued a $170.00 target price on shares of Tesla in a research note on Thursday, April 24th. Wedbush reiterated an "outperform" rating and issued a $350.00 target price on shares of Tesla in a research note on Thursday, May 1st. Wells Fargo & Company lowered their target price on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Royal Bank of Canada lowered their target price on Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, BNP Paribas set a $137.00 target price on Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus target price 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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