Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 846,500 shares of the electric vehicle producer's stock after selling 20,800 shares during the period. Tesla accounts for approximately 1.9% of Mn Services Vermogensbeheer B.V.'s investment portfolio, making the stock its 3rd biggest holding. Mn Services Vermogensbeheer B.V.'s holdings in Tesla were worth $210,338,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Tesla in the fourth quarter valued at $3,459,540,000. Moneta Group Investment Advisors LLC boosted its holdings in Tesla by 180,125.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 26,851,778 shares of the electric vehicle producer's stock valued at $3,307,602,000 after purchasing an additional 26,836,879 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Tesla by 203.9% in the third quarter. Bank of New York Mellon Corp now owns 20,208,699 shares of the electric vehicle producer's stock valued at $5,360,358,000 after purchasing an additional 13,558,882 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Tesla by 25,990.7% during the 4th quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer's stock worth $1,541,273,000 after acquiring an additional 6,179,032 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Tesla by 26.3% during the 4th quarter. Morgan Stanley now owns 25,427,168 shares of the electric vehicle producer's stock worth $3,132,119,000 after acquiring an additional 5,292,464 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on TSLA. Robert W. Baird lowered their target price on shares of Tesla from $300.00 to $280.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 2nd. Sanford C. Bernstein lowered their target price on shares of Tesla from $150.00 to $120.00 and set an "underperform" rating on the stock in a research note on Tuesday, March 26th. Citigroup lowered their target price on shares of Tesla from $196.00 to $180.00 and set a "neutral" rating on the stock in a research note on Friday. Wells Fargo & Company lowered their target price on shares of Tesla from $125.00 to $120.00 and set an "underweight" rating on the stock in a research note on Friday. Finally, Daiwa Capital Markets lowered shares of Tesla from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $245.00 to $195.00 in a research note on Tuesday, February 6th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $198.81.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company's stock, valued at approximately $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company's stock, valued at approximately $6,376,229.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 93,706 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares of the company's stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,098 shares of company stock valued at $38,802,534. Company insiders own 25.10% of the company's stock.

Tesla Trading Down 2.0 %

Shares of NASDAQ:TSLA traded down $3.55 during mid-day trading on Friday, reaching $171.05. 64,722,669 shares of the company were exchanged, compared to its average volume of 89,814,936. 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 firm has a market cap of $544.76 billion, a price-to-earnings ratio of 39.69, a P/E/G ratio of 4.49 and a beta of 2.39. The firm's 50-day simple moving average is $181.83 and its 200 day simple moving average is $214.48. Tesla, Inc. has a 1 year low of $152.37 and a 1 year high of $299.29.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analysts' expectations of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. Equities research analysts forecast that Tesla, Inc. will post 2.02 EPS for the current 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.