Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,660 shares of the electric vehicle producer's stock after selling 2,317 shares during the quarter. Ancora Advisors LLC's holdings in Tesla were worth $2,690,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Tesla by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock worth $955,052,000 after acquiring an additional 194,796 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Tesla by 17.7% during the 4th quarter. Nordea Investment Management AB now owns 1,227,460 shares of the electric vehicle producer's stock worth $510,537,000 after buying an additional 185,014 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Tesla by 1.8% in the 4th quarter. CWA Asset Management Group LLC now owns 23,490 shares of the electric vehicle producer's stock valued at $9,486,000 after buying an additional 417 shares in the last quarter. Burkett Financial Services LLC raised its stake in Tesla by 194.8% during the 4th quarter. Burkett Financial Services LLC now owns 1,135 shares of the electric vehicle producer's stock worth $458,000 after acquiring an additional 750 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. purchased a new stake in Tesla in the fourth quarter valued at $222,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Up 2.4 %

Shares of NASDAQ TSLA opened at $287.21 on Monday. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $925.09 billion, a PE ratio of 140.79, a P/E/G ratio of 5.86 and a beta of 2.58. The firm has a fifty day moving average of $258.82 and a 200-day moving average of $325.91. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54.

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

Analysts Set New Price Targets

TSLA has been the topic of a number of research analyst reports. Truist Financial set a $280.00 target price on Tesla in a research report on Tuesday, April 22nd. HSBC decreased their price objective on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a report on Thursday, March 27th. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the company a "buy" rating in a research report on Thursday, April 24th. Wedbush restated an "outperform" rating and issued a $350.00 price objective on shares of Tesla in a research note on Thursday. Finally, Wells Fargo & Company lowered their target price on Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $287.46.

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 75,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the sale, the director now owns 1,463,220 shares in the company, valued at approximately $538,274,741.40. This trade represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the company'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 value of $33,673,167.90. Following the completion of the transaction, the director now owns 85,000 shares of the company's stock, valued at approximately $25,466,850. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 367,228 shares of company stock valued at $110,043,434 over the last ninety days. Corporate insiders own 20.70% of the company's stock.

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.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.