Weatherly Asset Management L. P. Trims Stake in Tesla, Inc. (NASDAQ:TSLA)

Weatherly Asset Management L. P. lowered its stake in Tesla, Inc. (NASDAQ:TSLA) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,171 shares of the electric vehicle producer’s stock after selling 96 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Tesla were worth $3,770,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wyrmwood Management LLC purchased a new position in shares of Tesla during the 4th quarter worth $25,000. Lam Group Inc. purchased a new position in shares of Tesla during the 4th quarter worth $25,000. Mendota Financial Group LLC lifted its stake in shares of Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares during the period. Ogorek Anthony Joseph NY ADV lifted its stake in shares of Tesla by 94.5% during the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 69 shares during the period. Finally, Kathleen S. Wright Associates Inc. lifted its stake in shares of Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 1.9 %

NASDAQ:TSLA traded up $2.63 during mid-day trading on Tuesday, reaching $144.68. The stock had a trading volume of 119,642,343 shares, compared to its average volume of 101,872,688. The company has a market capitalization of $460.78 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 3.89 and a beta of 2.40. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The stock’s 50 day simple moving average is $177.59 and its two-hundred day simple moving average is $210.05. 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 (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS 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 return on equity of 16.62% and a net margin of 15.50%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share. Equities analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current year.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. Over the last three months, insiders sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 20.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Sanford C. Bernstein reduced their price target on Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 26th. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Tuesday, April 2nd. Guggenheim reaffirmed a “sell” rating and issued a $122.00 target price on shares of Tesla in a research report on Tuesday. TD Cowen cut their target price on Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a research report on Thursday, January 25th. Finally, Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $194.33.

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.