Humankind Investments LLC Sells 302 Shares of Tesla, Inc. (NASDAQ:TSLA)

Humankind Investments LLC lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 28.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 750 shares of the electric vehicle producer’s stock after selling 302 shares during the period. Humankind Investments LLC’s holdings in Tesla were worth $303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Guardian Wealth Advisors LLC NC lifted its stake in shares of Tesla by 151.4% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 30,656 shares of the electric vehicle producer’s stock valued at $12,380,000 after purchasing an additional 18,464 shares during the period. Gotham Asset Management LLC lifted its stake in Tesla by 3.2% in the fourth quarter. Gotham Asset Management LLC now owns 68,319 shares of the electric vehicle producer’s stock valued at $27,590,000 after buying an additional 2,109 shares during the period. Francis Financial Inc. boosted its holdings in shares of Tesla by 46.3% during the 4th quarter. Francis Financial Inc. now owns 2,300 shares of the electric vehicle producer’s stock worth $929,000 after buying an additional 728 shares in the last quarter. Fullerton Fund Management Co Ltd. increased its stake in shares of Tesla by 117.2% in the 4th quarter. Fullerton Fund Management Co Ltd. now owns 73,715 shares of the electric vehicle producer’s stock valued at $29,769,000 after acquiring an additional 39,776 shares in the last quarter. Finally, Elyxium Wealth LLC lifted its position in shares of Tesla by 332.5% during the 4th quarter. Elyxium Wealth LLC now owns 7,232 shares of the electric vehicle producer’s stock valued at $2,921,000 after acquiring an additional 5,560 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TSLA. Wells Fargo & Company decreased their price target on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Benchmark reaffirmed a “buy” rating and set a $350.00 price target on shares of Tesla in a research note on Wednesday, April 23rd. Glj Research reissued a “sell” rating and issued a $19.05 price objective (down previously from $24.86) on shares of Tesla in a research note on Monday, April 21st. HSBC lowered their target price on Tesla from $165.00 to $130.00 and set a “reduce” rating on the stock in a research report on Thursday, March 27th. Finally, Cfra Research lowered shares of Tesla from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $287.46.

Tesla Stock Up 4.6 %

TSLA stock opened at $298.05 on Friday. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54. The firm has a market capitalization of $960.01 billion, a PE ratio of 146.10, a PEG ratio of 5.86 and a beta of 2.43. 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 stock has a 50-day simple moving average of $258.65 and a two-hundred day simple moving average of $327.43.

Tesla (NASDAQ:TSLA) last posted 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 the consensus estimate of $22.93 billion. During the same period last year, the company posted $0.45 EPS. On average, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 112,395 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total value of $30,809,717.40. Following the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $23,300,200. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the completion of the sale, the chief financial officer now directly owns 23,084 shares in the company, valued at $6,833,325.68. This represents a 20.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 408,623 shares of company stock valued at $114,400,501. Company insiders own 20.70% of the company’s stock.

Tesla Company 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.