Tesla, Inc. (NASDAQ:TSLA) Shares Sold by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 30.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 756 shares of the electric vehicle producer’s stock after selling 327 shares during the quarter. SGL Investment Advisors Inc.’s holdings in Tesla were worth $305,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Horrell Capital Management Inc. boosted its stake in Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 34 shares during the last quarter. GS Investments Inc. boosted its position in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after acquiring an additional 58 shares during the last quarter. Navigoe LLC purchased a new stake in Tesla in the fourth quarter valued at approximately $37,000. CoreFirst Bank & Trust acquired a new position in Tesla during the fourth quarter worth approximately $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Tesla during the fourth quarter worth approximately $39,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Down 1.4%

TSLA opened at $342.82 on Friday. Tesla, Inc. has a 12-month low of $167.41 and a 12-month high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market capitalization of $1.10 trillion, a PE ratio of 168.05, a P/E/G ratio of 5.86 and a beta of 2.43. The firm’s fifty day moving average price is $264.96 and its 200 day moving average price is $328.97.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS 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 in the prior year, the business earned $0.45 EPS. As a group, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Mizuho lowered their price objective on shares of Tesla from $375.00 to $325.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Robert W. Baird lowered their price target on Tesla from $370.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Canaccord Genuity Group dropped their price target on Tesla from $404.00 to $303.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. BNP Paribas set a $137.00 price objective on Tesla and gave the company an “underperform” rating in a research note on Wednesday, April 16th. Finally, Raymond James downgraded shares of Tesla to an “outperform” rating in a research report on Tuesday, April 22nd. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $287.46.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $300.00, for a total transaction of $1,200,000.00. Following the sale, the chief financial officer now owns 26,950 shares in the company, valued at $8,085,000. This represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at $25,466,850. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 412,623 shares of company stock valued at $115,600,501 over the last 90 days. 20.70% of the stock is owned by company insiders.

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.