Vanguard Personalized Indexing Management LLC lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 182,835 shares of the electric vehicle producer's stock after selling 8,368 shares during the quarter. Tesla accounts for about 1.2% of Vanguard Personalized Indexing Management LLC's holdings, making the stock its 8th biggest position. Vanguard Personalized Indexing Management LLC's holdings in Tesla were worth $45,431,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC increased its stake in shares of Tesla by 7.1% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 1,013 shares of the electric vehicle producer's stock worth $253,000 after purchasing an additional 67 shares during the last quarter. Marks Group Wealth Management Inc raised its holdings in Tesla by 4.5% during the third quarter. Marks Group Wealth Management Inc now owns 8,338 shares of the electric vehicle producer's stock valued at $2,086,000 after buying an additional 358 shares in the last quarter. Meritage Portfolio Management boosted its stake in shares of Tesla by 43.5% during the 3rd quarter. Meritage Portfolio Management now owns 2,121 shares of the electric vehicle producer's stock worth $531,000 after acquiring an additional 643 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of Tesla by 30.0% in the 3rd quarter. Bogart Wealth LLC now owns 2,215 shares of the electric vehicle producer's stock valued at $554,000 after acquiring an additional 511 shares in the last quarter. Finally, Pathway Financial Advisors LLC acquired a new stake in Tesla in the 3rd quarter worth approximately $287,000. Hedge funds and other institutional investors own 66.20% of the company's stock.
Insider Buying and Selling
In other news, SVP Andrew D. Baglino sold 10,500 shares of the business's stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Andrew D. Baglino sold 10,500 shares of the business's stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the firm'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 sale, the director now owns 15,000 shares in the company, valued at $2,920,950. The disclosure for this sale can be found here. Insiders have sold 302,803 shares of company stock valued at $56,124,840 in the last 90 days. 20.90% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on TSLA shares. Morgan Stanley dropped their price target on shares of Tesla from $320.00 to $310.00 and set an "overweight" rating on the stock in a research report on Thursday, April 4th. Evercore ISI cut their target price on shares of Tesla from $155.00 to $145.00 and set an "in-line" rating for the company in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on Tesla from $123.00 to $136.00 and gave the stock a "hold" rating in a research note on Thursday, April 25th. Robert W. Baird restated an "outperform" rating and set a $280.00 target price on shares of Tesla in a research note on Wednesday, April 17th. Finally, Canaccord Genuity Group dropped their price target on Tesla from $267.00 to $234.00 and set a "buy" rating on the stock in a research report on Thursday, January 25th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $185.90.
Read Our Latest Report on TSLA
Tesla Trading Down 2.0 %
Shares of Tesla stock traded down $3.56 on Wednesday, hitting $173.99. 79,472,270 shares of the company's stock traded hands, compared to its average volume of 102,276,320. The firm's 50-day moving average price is $170.90 and its two-hundred day moving average price is $202.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a market capitalization of $554.89 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of 4.74 and a beta of 2.41. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29.
Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. On average, research analysts expect that Tesla, Inc. will post 1.89 EPS for the current fiscal year.
Tesla Profile
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Free Report)
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.
Further Reading
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