Tesla, Inc. (NASDAQ:TSLA) Position Cut by Geller Advisors LLC

Geller Advisors LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,507 shares of the electric vehicle producer's stock after selling 1,509 shares during the quarter. Geller Advisors LLC's holdings in Tesla were worth $3,435,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Horrell Capital Management Inc. grew its holdings in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares during the last quarter. GS Investments Inc. grew its holdings in Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC acquired a new stake in Tesla in the fourth quarter valued at $37,000. CoreFirst Bank & Trust acquired a new position in shares of Tesla during the 4th quarter worth approximately $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Tesla during the 4th quarter worth approximately $39,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total value of $30,809,717.40. Following the sale, the director now owns 85,000 shares in the company, valued at $23,300,200. 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 have sold 408,623 shares of company stock worth $114,400,501. 20.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TSLA shares. Morgan Stanley restated a "buy" rating and set a $430.00 price objective on shares of Tesla in a research report on Tuesday, April 22nd. Oppenheimer restated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Canaccord Genuity Group cut their price objective on Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Cantor Fitzgerald cut their price objective on Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Guggenheim restated a "sell" rating and set a $170.00 price objective on shares of Tesla in a research report on Thursday, April 24th. Ten research analysts have rated the stock with a sell rating, ten have issued 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.com, the company currently has a consensus rating of "Hold" and an average target price of $287.46.

Tesla Stock Up 6.7%

TSLA traded up $20.12 on Monday, reaching $318.38. The company's stock had a trading volume of 112,500,339 shares, compared to its average volume of 96,309,291. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54. The business's 50 day moving average is $258.65 and its 200 day moving average is $327.89. The stock has a market cap of $1.03 trillion, a price-to-earnings ratio of 156.07, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43.

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 business had revenue of $19.34 billion during 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 firm earned $0.45 EPS. As a group, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.