Tesla, Inc. (NASDAQ:TSLA) Shares Sold by WS Management Lllp

WS Management Lllp trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 83.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,000 shares of the electric vehicle producer's stock after selling 51,400 shares during the quarter. Tesla makes up about 0.4% of WS Management Lllp's portfolio, making the stock its 25th biggest position. WS Management Lllp's holdings in Tesla were worth $4,038,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSLA. True Wealth Design LLC increased its stake in shares of Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 31 shares during the period. Horrell Capital Management Inc. lifted its stake in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after buying an additional 34 shares during the period. GS Investments Inc. grew its holdings in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares during the last quarter. Navigoe LLC acquired a new position in shares of Tesla in the 4th quarter valued at $37,000. Finally, CoreFirst Bank & Trust purchased a new position in Tesla in the 4th quarter worth $38,000. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

TSLA traded down $1.70 during midday trading on Friday, hitting $339.34. 84,419,224 shares of the company traded hands, compared to its average volume of 97,370,835. The business has a 50 day simple moving average of $277.33 and a two-hundred day simple moving average of $332.69. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The company has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 166.34, a PEG ratio of 5.86 and a beta of 2.43. 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 quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same quarter last year, the company earned $0.45 EPS. On average, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $350.11, for a total value of $1,050,330.00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $9,435,464.50. This trade represents a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James R. Murdoch sold 54,776 shares of the company's 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 sale, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,623 shares of company stock valued at $116,650,831 over the last quarter. 20.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on TSLA shares. Barclays dropped their price target on Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Glj Research reaffirmed a "sell" rating and set a $19.05 target price (down previously from $24.86) on shares of Tesla in a report on Monday, April 21st. JPMorgan Chase & Co. cut their price target on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a report on Wednesday, April 23rd. Benchmark restated a "buy" rating and set a $350.00 price objective on shares of Tesla in a research note on Wednesday, April 23rd. Finally, Cowen raised shares of Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tesla presently has an average rating of "Hold" and an average price target of $293.97.

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.