HM Payson & Co. Reduces Holdings in Tesla, Inc. (NASDAQ:TSLA)


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HM Payson & Co. decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,414 shares of the electric vehicle producer’s stock after selling 108 shares during the period. HM Payson & Co.’s holdings in Tesla were worth $998,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TSLA. Northern Trust Corp lifted its holdings in shares of Tesla by 64.1% in the 4th quarter. Northern Trust Corp now owns 8,094,441 shares of the electric vehicle producer’s stock worth $5,712,005,000 after acquiring an additional 3,160,909 shares during the last quarter. Norges Bank acquired a new position in shares of Tesla in the 4th quarter worth approximately $5,497,219,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Tesla by 57.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,472,998 shares of the electric vehicle producer’s stock worth $2,450,790,000 after acquiring an additional 1,263,228 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tesla by 61.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,384,831 shares of the electric vehicle producer’s stock worth $2,388,575,000 after acquiring an additional 1,288,796 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Tesla by 9.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 3,251,744 shares of the electric vehicle producer’s stock worth $2,294,658,000 after acquiring an additional 278,330 shares during the last quarter. 41.39% of the stock is owned by institutional investors and hedge funds.

TSLA stock opened at $670.97 on Thursday. Tesla, Inc. has a one year low of $106.67 and a one year high of $900.40. The stock has a market capitalization of $644.03 billion, a PE ratio of 1,347.33, a price-to-earnings-growth ratio of 8.81 and a beta of 2.18. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.32 and a current ratio of 1.63. The company has a fifty day moving average of $677.13 and a 200-day moving average of $621.74.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 27th. The electric vehicle producer reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.17. Tesla had a net margin of 1.97% and a return on equity of 4.93%. The company had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.38 billion. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was up 44.9% on a year-over-year basis. Equities analysts forecast that Tesla, Inc. will post 1.02 earnings per share for the current fiscal year.

TSLA has been the topic of a number of research reports. FIX upgraded shares of Tesla to a “buy” rating in a report on Tuesday, March 9th. JMP Securities lowered shares of Tesla from an “outperform” rating to a “market perform” rating in a report on Thursday, January 28th. They noted that the move was a valuation call. Wedbush upgraded shares of Tesla from a “neutral” rating to an “outperform” rating in a report on Sunday. Morgan Stanley reiterated a “buy” rating on shares of Tesla in a report on Tuesday. Finally, Mizuho reiterated a “buy” rating and set a $775.00 target price on shares of Tesla in a report on Sunday. Twelve investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $368.54.

In related news, insider Jerome M. Guillen sold 600 shares of the firm’s stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $711.30, for a total value of $426,780.00. Following the completion of the sale, the insider now owns 50,798 shares in the company, valued at $36,132,617.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jerome M. Guillen sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 11th. The shares were sold at an average price of $833.75, for a total transaction of $8,337,500.00. Following the completion of the sale, the insider now owns 59,654 shares of the company’s stock, valued at approximately $49,736,522.50. The disclosure for this sale can be found here. Insiders sold 82,653 shares of company stock valued at $65,044,749 in the last quarter. Company insiders own 23.00% of the company’s stock.

About Tesla

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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