Strs Ohio Has $226.35 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Strs Ohio decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 910,920 shares of the electric vehicle producer's stock after selling 27,635 shares during the quarter. Tesla comprises about 0.9% of Strs Ohio's investment portfolio, making the stock its 14th largest holding. Strs Ohio's holdings in Tesla were worth $226,345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Contravisory Investment Management Inc. acquired a new stake in Tesla in the third quarter worth about $25,000. Wyrmwood Management LLC acquired a new stake in Tesla in the fourth quarter worth about $25,000. Halpern Financial Inc. lifted its holdings in Tesla by 1,111.1% in the third quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 100 shares during the period. Alpha Paradigm Partners LLC acquired a new stake in Tesla in the third quarter worth about $27,000. Finally, MayTech Global Investments LLC bought a new stake in Tesla in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the company's stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company's stock, valued at $5,502,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on 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 directly owns 15,000 shares of the company's stock, valued at $2,920,950. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock valued at $38,802,534 over the last 90 days. 25.10% of the stock is currently owned by company insiders.

Tesla Stock Down 2.0 %

Shares of NASDAQ TSLA traded down $3.55 during trading hours on Friday, hitting $171.05. The stock had a trading volume of 64,722,669 shares, compared to its average volume of 89,814,936. The company has a market capitalization of $544.76 billion, a P/E ratio of 39.69, a P/E/G ratio of 4.40 and a beta of 2.39. The firm's 50-day moving average price is $181.83 and its two-hundred day moving average price is $214.30. Tesla, Inc. has a 52 week low of $152.37 and a 52 week high of $299.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The company's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 EPS. Analysts anticipate that Tesla, Inc. will post 1.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on TSLA. Citigroup dropped their price target on shares of Tesla from $196.00 to $180.00 and set a "neutral" rating on the stock in a research report on Friday. UBS Group dropped their price target on shares of Tesla from $225.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, March 14th. HSBC dropped their price target on shares of Tesla from $143.00 to $138.00 and set a "reduce" rating on the stock in a research report on Wednesday, April 3rd. Redburn Atlantic initiated coverage on shares of Tesla in a research report on Wednesday, January 24th. They issued a "sell" rating and a $170.00 price target on the stock. Finally, Sanford C. Bernstein cut their price objective on Tesla from $150.00 to $120.00 and set an "underperform" rating on the stock in a report on Tuesday, March 26th. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Tesla has a consensus rating of "Hold" and a consensus price target of $198.81.

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.