Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,464,938 shares of the electric vehicle producer's stock after selling 226,990 shares during the quarter. Tesla makes up 0.9% of Toronto Dominion Bank's portfolio, making the stock its 19th biggest holding. Toronto Dominion Bank's holdings in Tesla were worth $591,601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wealth Group Ltd. bought a new stake in Tesla in the 4th quarter worth approximately $275,000. RMR Wealth Builders increased its position in Tesla by 72.0% in the fourth quarter. RMR Wealth Builders now owns 15,376 shares of the electric vehicle producer's stock worth $6,209,000 after purchasing an additional 6,439 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in Tesla in the fourth quarter worth $1,361,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Tesla by 33.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 710 shares of the electric vehicle producer's stock valued at $287,000 after purchasing an additional 176 shares in the last quarter. Finally, Nabity Jensen Investment Management Inc purchased a new position in shares of Tesla in the 4th quarter worth $240,000. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $25,466,850. The trade was a 56.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the completion of the sale, the chief financial officer now owns 23,084 shares in the company, valued at $6,833,325.68. This represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 412,623 shares of company stock valued at $115,600,501 over the last 90 days. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Down 2.3%

NASDAQ:TSLA traded down $7.89 during mid-day trading on Monday, reaching $342.09. The company's stock had a trading volume of 88,364,557 shares, compared to its average volume of 97,056,533. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54. The stock has a fifty day moving average of $267.35 and a 200-day moving average of $330.65. The firm has a market capitalization of $1.10 trillion, a PE ratio of 167.69, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same period in the previous year, the company posted $0.45 EPS. Equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. HSBC decreased their target price on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a research report on Thursday, March 27th. Barclays lowered their price objective on Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Cfra Research downgraded Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Stifel Nicolaus set a $450.00 price target on Tesla and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $289.43.

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.