Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,118,495 shares of the electric vehicle producer’s stock after selling 3,971 shares during the quarter. Tesla comprises approximately 57.0% of Sloy Dahl & Holst LLC’s holdings, making the stock its largest position. Sloy Dahl & Holst LLC’s holdings in Tesla were worth $277,924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mount Vernon Associates Inc. MD increased its holdings in Tesla by 5.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock valued at $1,724,000 after buying an additional 350 shares during the period. Oak Ridge Investments LLC increased its holdings in Tesla by 4.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after buying an additional 1,405 shares during the period. CWM LLC increased its holdings in Tesla by 14.4% in the 3rd quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer’s stock valued at $36,717,000 after buying an additional 18,462 shares during the period. Corient Private Wealth LLC increased its holdings in Tesla by 3.7% in the 3rd quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock valued at $182,352,000 after buying an additional 25,943 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Tesla by 11.8% in the 4th quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock valued at $193,935,000 after buying an additional 81,729 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Down 1.4 %

Shares of NASDAQ TSLA traded down $2.18 during mid-day trading on Wednesday, hitting $154.93. The company’s stock had a trading volume of 25,687,266 shares, compared to its average volume of 101,087,805. The stock has a market cap of $493.42 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 4.25 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla, Inc. has a one year low of $152.37 and a one year high of $299.29. The company’s fifty day simple moving average is $180.88 and its 200-day simple moving average is $213.04.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on TSLA. Canaccord Genuity Group lowered their target price on shares of Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Daiwa Capital Markets lowered shares of Tesla from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $245.00 to $195.00 in a report on Tuesday, February 6th. HSBC lowered their target price on shares of Tesla from $143.00 to $138.00 and set a “reduce” rating on the stock in a report on Wednesday, April 3rd. Barclays lowered their target price on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating on the stock in a report on Thursday, January 25th. Finally, Wells Fargo & Company lowered their target price on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a report on Friday, April 12th. Ten investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus price target of $198.81.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock worth $38,802,534 in the last ninety days. Company insiders own 20.90% 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.