Bamco Inc. NY Sells 349,720 Shares of Tesla, Inc. (NASDAQ:TSLA)

Bamco Inc. NY trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,578,809 shares of the electric vehicle producer's stock after selling 349,720 shares during the period. Tesla accounts for 15.2% of Bamco Inc. NY's portfolio, making the stock its largest holding. Bamco Inc. NY owned 0.45% of Tesla worth $5,887,506,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Horrell Capital Management Inc. boosted its stake in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after buying an additional 34 shares during the last quarter. GS Investments Inc. boosted its position in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares during the last quarter. Navigoe LLC purchased a new position in shares of Tesla in the fourth quarter valued at $37,000. CoreFirst Bank & Trust bought a new stake in Tesla in the fourth quarter worth $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in Tesla during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the sale, the director now owns 477,011 shares in the company, valued at $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the business's stock in a transaction on 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 transaction, the chief financial officer now owns 23,084 shares of the company's stock, valued at approximately $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 a total of 371,228 shares of company stock worth $111,181,034 over the last three months. 20.70% of the stock is currently owned by insiders.

Tesla Stock Down 1.8 %

TSLA stock traded down $4.91 on Tuesday, hitting $275.35. 75,270,716 shares of the company's stock were exchanged, compared to its average volume of 95,824,794. Tesla, Inc. has a 12-month low of $167.41 and a 12-month high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a market cap of $886.89 billion, a P/E ratio of 134.98, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The firm has a 50 day moving average price of $258.60 and a two-hundred day moving average price of $326.33.

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

Analyst Ratings Changes

Several analysts have recently issued reports on TSLA shares. Argus set a $410.00 target price on shares of Tesla in a research report on Thursday, April 24th. Wells Fargo & Company dropped their target price on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a report on Friday, March 14th. HSBC decreased their price target on Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a report on Thursday, March 27th. Roth Mkm cut their price objective on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Wedbush restated an "outperform" rating and issued a $350.00 target price on shares of Tesla in a report on Thursday, May 1st. Ten 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 given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $287.46.

Tesla Company 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.