MRP Capital Investments LLC Sells 17,732 Shares of Tesla, Inc. (NASDAQ:TSLA)

MRP Capital Investments LLC reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 87.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,533 shares of the electric vehicle producer's stock after selling 17,732 shares during the quarter. MRP Capital Investments LLC's holdings in Tesla were worth $629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MidWestOne Financial Group Inc. lifted its position in Tesla by 3.3% in the first quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer's stock worth $509,000 after buying an additional 15 shares during the last quarter. City State Bank lifted its position in shares of Tesla by 3.3% during the third quarter. City State Bank now owns 1,260 shares of the electric vehicle producer's stock worth $315,000 after purchasing an additional 40 shares during the last quarter. Marcum Wealth LLC lifted its position in shares of Tesla by 0.6% during the third quarter. Marcum Wealth LLC now owns 7,393 shares of the electric vehicle producer's stock worth $1,850,000 after purchasing an additional 41 shares during the last quarter. Linscomb & Williams Inc. lifted its position in shares of Tesla by 3.5% during the first quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer's stock worth $1,329,000 after purchasing an additional 42 shares during the last quarter. Finally, Opal Wealth Advisors LLC lifted its position in shares of Tesla by 1.0% during the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer's stock worth $1,089,000 after purchasing an additional 42 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Down 2.0 %

NASDAQ TSLA traded down $3.55 during trading on Friday, hitting $171.05. The company's stock had a trading volume of 64,512,828 shares, compared to its average volume of 102,285,711. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The company has a market cap of $544.76 billion, a PE ratio of 39.69, a P/E/G ratio of 3.49 and a beta of 2.39. The business's 50 day simple moving average is $181.83 and its 200-day simple moving average is $214.69. Tesla, Inc. has a fifty-two week low of $152.37 and a fifty-two week high of $299.29.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. Tesla's revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. On average, equities analysts anticipate that Tesla, Inc. will post 2.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company's stock, valued at $6,376,229.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction 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 $2,920,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company's stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TSLA shares. HSBC decreased their target price on Tesla from $143.00 to $138.00 and set a "reduce" rating for the company in a research report on Wednesday, April 3rd. Oppenheimer reiterated a "market perform" rating on shares of Tesla in a research report on Tuesday, April 2nd. China Renaissance started coverage on Tesla in a research report on Monday, February 26th. They set a "hold" rating for the company. Morgan Stanley cut their price target on Tesla from $320.00 to $310.00 and set an "overweight" rating on the stock in a research note on Thursday, April 4th. Finally, Truist Financial cut their price target on Tesla from $193.00 to $176.00 and set a "hold" rating on the stock in a research note on Wednesday, April 3rd. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus price target of $198.81.

About Tesla

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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