Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Cahill Financial Advisors Inc.

Cahill Financial Advisors Inc. cut its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 56.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 694 shares of the electric vehicle producer's stock after selling 908 shares during the quarter. Cahill Financial Advisors Inc.'s holdings in Tesla were worth $280,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors lifted its holdings in shares of Tesla by 9.6% in the fourth quarter. Captrust Financial Advisors now owns 299,275 shares of the electric vehicle producer's stock valued at $120,859,000 after purchasing an additional 26,223 shares in the last quarter. Cardiff Park Advisors LLC raised its position in shares of Tesla by 0.6% during the 4th quarter. Cardiff Park Advisors LLC now owns 11,742 shares of the electric vehicle producer's stock worth $4,742,000 after purchasing an additional 74 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in Tesla in the 4th quarter valued at approximately $3,196,000. Castlekeep Investment Advisors LLC acquired a new stake in Tesla during the 4th quarter valued at $17,777,000. Finally, Caxton Associates LP increased its position in Tesla by 4,582.2% during the fourth quarter. Caxton Associates LP now owns 2,107,000 shares of the electric vehicle producer's stock worth $850,891,000 after buying an additional 2,062,000 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

NASDAQ:TSLA opened at $280.26 on Tuesday. The stock has a market cap of $902.71 billion, a P/E ratio of 137.38, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm has a 50-day moving average of $258.60 and a two-hundred day moving average of $326.33.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period in the prior year, the business earned $0.45 earnings per share. On average, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TSLA. Barclays decreased their price objective on Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Roth Mkm lowered their price target on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Argus set a $410.00 price objective on shares of Tesla in a research report on Thursday, April 24th. Canaccord Genuity Group lowered their target price on shares of Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Bank of America reduced their price target on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $287.46.

Insider Activity at Tesla

In other Tesla news, 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 value of $1,776,120.00. Following the transaction, the chief financial officer now owns 23,084 shares of the company's stock, valued at $6,833,325.68. This trade represents a 20.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 367,228 shares of company stock valued at $110,043,434. Corporate insiders own 20.70% of the company's stock.

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.

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