Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,606 shares of the electric vehicle producer's stock after selling 25,998 shares during the period. Tesla accounts for about 0.7% of Dynamic Advisor Solutions LLC's portfolio, making the stock its 19th largest holding. Dynamic Advisor Solutions LLC's holdings in Tesla were worth $20,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Deuterium Capital Management LLC acquired a new position in Tesla in the second quarter valued at approximately $1,314,000. Synergy Financial Group LTD lifted its holdings in Tesla by 7.3% in the second quarter. Synergy Financial Group LTD now owns 6,432 shares of the electric vehicle producer's stock valued at $1,684,000 after acquiring an additional 438 shares during the last quarter. New Republic Capital LLC acquired a new position in Tesla in the second quarter valued at approximately $429,000. Oak Ridge Investments LLC lifted its holdings in Tesla by 4.6% in the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer's stock valued at $8,065,000 after acquiring an additional 1,405 shares during the last quarter. Finally, Charter Oak Capital Management LLC lifted its holdings in Tesla by 8.9% in the third quarter. Charter Oak Capital Management LLC now owns 1,271 shares of the electric vehicle producer's stock valued at $318,000 after acquiring an additional 104 shares during the last quarter. 41.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Robert W. Baird reiterated an "outperform" rating and issued a $300.00 price objective on shares of Tesla in a report on Thursday, January 25th. TD Cowen cut their target price on Tesla from $200.00 to $180.00 and set a "market perform" rating on the stock in a research report on Thursday, January 25th. Jefferies Financial Group cut their target price on Tesla from $225.00 to $185.00 and set a "hold" rating on the stock in a research report on Monday, January 29th. Canaccord Genuity Group cut their target price on Tesla from $267.00 to $234.00 and set a "buy" rating on the stock in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group cut their price objective on Tesla from $220.00 to $190.00 and set a "neutral" rating on the stock in a research report on Monday. Ten equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $211.93.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now owns 63,171 shares of the company's stock, valued at approximately $11,188,215.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robyn M. Denholm sold 93,706 shares of the business's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company's stock, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares of the company's stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold 198,598 shares of company stock valued at $36,952,434 in the last quarter. Company insiders own 25.10% of the company's stock.

Tesla Trading Up 6.3 %

Shares of TSLA traded up $10.23 during mid-day trading on Monday, reaching $173.80. The company had a trading volume of 107,960,576 shares, compared to its average volume of 105,784,102. The firm has a fifty day simple moving average of $194.75 and a 200-day simple moving average of $225.58. Tesla, Inc. has a fifty-two week low of $152.37 and a fifty-two week high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The stock has a market cap of $553.52 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 3.65 and a beta of 2.41.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business had revenue of $25.17 billion during the quarter, compared to analysts' expectations of $25.64 billion. During the same period in the prior year, the business posted $1.07 EPS. The business's revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.45 EPS for the current fiscal 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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