Dymon Asia Capital Singapore PTE. LTD. Lowers Position in Tesla, Inc. (NASDAQ:TSLA)

Dymon Asia Capital Singapore PTE. LTD. cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 22.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,100 shares of the electric vehicle producer's stock after selling 2,100 shares during the period. Tesla accounts for 0.7% of Dymon Asia Capital Singapore PTE. LTD.'s portfolio, making the stock its 9th biggest position. Dymon Asia Capital Singapore PTE. LTD.'s holdings in Tesla were worth $2,867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Destination Wealth Management boosted its holdings in shares of Tesla by 12.1% during the 3rd quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock valued at $3,296,000 after buying an additional 1,359 shares in the last quarter. Stephens Consulting LLC boosted its stake in Tesla by 126.7% during the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after acquiring an additional 891 shares in the last quarter. Worth Asset Management LLC grew its holdings in Tesla by 383.1% in the fourth quarter. Worth Asset Management LLC now owns 8,314 shares of the electric vehicle producer's stock worth $3,358,000 after purchasing an additional 6,593 shares during the period. Strategic Family Wealth Counselors L.L.C. increased its position in Tesla by 133.7% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after buying an additional 1,629 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in Tesla by 104.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer's stock valued at $23,242,000 after buying an additional 29,458 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TSLA shares. JPMorgan Chase & Co. reduced their price target on Tesla from $135.00 to $120.00 and set an "underweight" rating for the company in a report on Wednesday, March 12th. Stifel Nicolaus dropped their target price on shares of Tesla from $474.00 to $455.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Evercore ISI boosted their price objective on shares of Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a report on Friday, January 3rd. Wedbush lowered their price target on Tesla from $550.00 to $315.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a report on Friday, March 28th. Eight research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $298.59.

Tesla Trading Up 0.3 %

Shares of TSLA traded up $0.73 during trading hours on Tuesday, reaching $253.08. 54,211,572 shares of the company traded hands, compared to its average volume of 95,861,732. The firm has a market cap of $814.04 billion, a price-to-earnings ratio of 124.06, a PEG ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The stock's fifty day moving average price is $282.67 and its 200 day moving average price is $323.51. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,672 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total value of $718,046.56. Following the completion of the sale, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $7,242,273.50. This represents a 9.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $32,643,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 374,228 shares of company stock worth $123,791,123. 20.70% of the stock is currently owned by company insiders.

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.