Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Kaizen Financial Strategies

Kaizen Financial Strategies lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,913 shares of the electric vehicle producer's stock after selling 3,301 shares during the quarter. Tesla accounts for 3.0% of Kaizen Financial Strategies' portfolio, making the stock its 8th largest position. Kaizen Financial Strategies' holdings in Tesla were worth $5,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Wealth Group Ltd. acquired a new position in shares of Tesla in the 4th quarter worth approximately $275,000. ST Germain D J Co. Inc. grew its stake in Tesla by 7.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,259 shares of the electric vehicle producer's stock worth $508,000 after buying an additional 90 shares during the last quarter. RMR Wealth Builders lifted its stake in Tesla by 72.0% in the fourth quarter. RMR Wealth Builders now owns 15,376 shares of the electric vehicle producer's stock valued at $6,209,000 after buying an additional 6,439 shares during the last quarter. Czech National Bank increased its holdings in shares of Tesla by 7.1% in the 4th quarter. Czech National Bank now owns 605,404 shares of the electric vehicle producer's stock worth $244,486,000 after acquiring an additional 40,134 shares during the period. Finally, Aprio Wealth Management LLC grew its position in Tesla by 7.7% in the 4th quarter. Aprio Wealth Management LLC now owns 7,813 shares of the electric vehicle producer's stock worth $3,155,000 after purchasing an additional 557 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, 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 transaction of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares in the company, valued at $114,859,478.69. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the company's stock in a transaction on 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 completion of the sale, the chief financial officer now owns 23,084 shares in the company, valued at $6,833,325.68. This trade represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 412,623 shares of company stock worth $115,600,501 over the last 90 days. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Performance

Tesla stock traded up $10.04 during mid-day trading on Wednesday, reaching $344.11. The company had a trading volume of 52,719,084 shares, compared to its average volume of 96,435,954. 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 firm has a market cap of $1.11 trillion, a price-to-earnings ratio of 168.15, a PEG ratio of 5.86 and a beta of 2.43. The company has a 50 day moving average of $260.85 and a 200-day moving average of $328.28. 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 earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same period last year, the business earned $0.45 earnings per share. On average, sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TSLA. Cfra Research cut Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Morgan Stanley reissued a "buy" rating and set a $430.00 price objective on shares of Tesla in a research note on Tuesday, April 22nd. Royal Bank of Canada cut their target price on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. StockNews.com downgraded Tesla from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Finally, HSBC lowered their price target on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a report on Thursday, March 27th. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $287.46.

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.