Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 11,371 shares of the electric vehicle producer’s stock after selling 354 shares during the quarter. Jacobs & Co. CA’s holdings in Tesla were worth $2,825,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TSLA. Vanguard Group Inc. lifted its position in shares of Tesla by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock worth $56,534,710,000 after buying an additional 3,453,078 shares during the last quarter. State Street Corp lifted its position in Tesla by 4.4% in the 2nd quarter. State Street Corp now owns 104,115,390 shares of the electric vehicle producer’s stock valued at $27,254,286,000 after purchasing an additional 4,431,570 shares during the last quarter. Morgan Stanley lifted its position in Tesla by 7.8% in the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock valued at $7,546,823,000 after purchasing an additional 2,177,397 shares during the last quarter. FMR LLC lifted its position in Tesla by 0.9% in the 3rd quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock valued at $7,266,572,000 after purchasing an additional 269,182 shares during the last quarter. Finally, Norges Bank bought a new stake in Tesla in the 4th quarter valued at about $3,459,540,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on TSLA. Royal Bank of Canada reiterated an “outperform” rating and issued a $298.00 price objective on shares of Tesla in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Tesla from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Edward Jones cut shares of Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Guggenheim lifted their price objective on shares of Tesla from $125.00 to $132.00 and gave the stock a “sell” rating in a research note on Friday, December 15th. Finally, UBS Group lowered their price objective on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Ten equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $206.48.

Tesla Price Performance

Shares of Tesla stock opened at $179.83 on Thursday. The firm has a fifty day simple moving average of $188.49 and a 200-day simple moving average of $222.36. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 1-year low of $152.37 and a 1-year high of $299.29. The stock has a market capitalization of $572.72 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 4.01 and a beta of 2.41.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period last year, the firm posted $1.07 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts expect that Tesla, Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction 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 owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction 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 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 can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders have sold 198,598 shares of company stock valued at $36,952,434 in the last 90 days. 20.90% of the stock is currently owned by company insiders.

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; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.