Ensign Peak Advisors Inc Trims Stake in Tesla, Inc. (NASDAQ:TSLA)

Ensign Peak Advisors Inc cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,261,474 shares of the electric vehicle producer's stock after selling 172,018 shares during the period. Tesla makes up approximately 1.6% of Ensign Peak Advisors Inc's holdings, making the stock its 8th largest holding. Ensign Peak Advisors Inc owned about 0.07% of Tesla worth $913,274,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Hengehold Capital Management LLC boosted its holdings in shares of Tesla by 1.8% in the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after buying an additional 24 shares during the period. Strategic Investment Advisors MI boosted its stake in Tesla by 0.3% in the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after acquiring an additional 24 shares during the period. Acropolis Investment Management LLC raised its position in shares of Tesla by 0.9% during the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock worth $1,136,000 after purchasing an additional 25 shares during the period. Mount Vernon Associates Inc. MD lifted its holdings in shares of Tesla by 0.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after purchasing an additional 25 shares during the last quarter. Finally, Vista Finance LLC grew its stake in Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Performance

Shares of TSLA traded up $13.23 during mid-day trading on Friday, hitting $298.05. The company's stock had a trading volume of 132,028,653 shares, compared to its average volume of 96,242,957. The stock's 50-day moving average is $258.65 and its two-hundred day moving average is $327.43. Tesla, Inc. has a one year low of $167.41 and a one year 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 firm has a market capitalization of $960.01 billion, a PE ratio of 146.10, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period last year, the business earned $0.45 earnings per share. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares of the company's stock, valued at $114,859,478.69. This trade represents a 10.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the sale, the director now directly owns 85,000 shares of the company's stock, valued at approximately $25,466,850. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 408,623 shares of company stock worth $114,400,501 over the last three months. Company insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial set a $280.00 price target on shares of Tesla in a research report on Tuesday, April 22nd. TD Cowen raised Tesla from a "hold" rating to a "buy" rating and lifted their price target for the company from $180.00 to $388.00 in a report on Friday, March 7th. Cowen raised Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price target on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $287.46.

About Tesla

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.