Nan Shan Life Insurance Co. Ltd. Has $2.95 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Nan Shan Life Insurance Co. Ltd. lessened its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 89.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,294 shares of the electric vehicle producer's stock after selling 60,111 shares during the period. Nan Shan Life Insurance Co. Ltd.'s holdings in Tesla were worth $2,946,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TSLA. Wealth Group Ltd. purchased a new stake in shares of Tesla in the fourth quarter valued at about $275,000. RMR Wealth Builders increased its stake in Tesla by 72.0% in the 4th quarter. RMR Wealth Builders now owns 15,376 shares of the electric vehicle producer's stock valued at $6,209,000 after buying an additional 6,439 shares during the last quarter. Claro Advisors LLC lifted its position in shares of Tesla by 4.3% during the 4th quarter. Claro Advisors LLC now owns 15,394 shares of the electric vehicle producer's stock worth $6,217,000 after buying an additional 637 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new position in shares of Tesla in the 4th quarter worth approximately $303,000. Finally, Persium Advisors LLC bought a new position in shares of Tesla in the fourth quarter valued at approximately $201,000. Institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated 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 completion of the transaction, the director now owns 477,011 shares of the company's stock, valued at $114,859,478.69. The trade was a 10.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $300.00, for a total transaction of $1,200,000.00. Following the sale, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $8,085,000. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 412,623 shares of company stock valued at $115,600,501 in the last ninety days. 20.70% of the stock is currently owned by corporate insiders.

Tesla Stock Up 4.9%

Shares of NASDAQ TSLA opened at $334.07 on Wednesday. The firm has a fifty day simple moving average of $260.85 and a two-hundred day simple moving average of $328.28. Tesla, Inc. has a 12 month low of $167.41 and a 12 month 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. The firm has a market capitalization of $1.08 trillion, a PE ratio of 163.76, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion for 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 business posted $0.45 EPS. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Benchmark reiterated a "buy" rating and set a $350.00 price target on shares of Tesla in a report on Wednesday, April 23rd. Barclays cut their price target on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Wells Fargo & Company decreased their price objective on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a report on Friday, March 14th. Cfra Research cut shares of Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Piper Sandler set a $400.00 target price on shares of Tesla in a research report on Tuesday, May 6th. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $287.46.

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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