Bear Mountain Capital Inc. Sells 97 Shares of Tesla, Inc. (NASDAQ:TSLA)

Bear Mountain Capital Inc. lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 25.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 283 shares of the electric vehicle producer’s stock after selling 97 shares during the period. Bear Mountain Capital Inc.’s holdings in Tesla were worth $117,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Dash Acquisitions Inc. boosted its holdings in Tesla by 10.2% in the fourth quarter. Dash Acquisitions Inc. now owns 1,791 shares of the electric vehicle producer’s stock valued at $713,000 after acquiring an additional 166 shares during the last quarter. Boston Financial Mangement LLC boosted its holdings in Tesla by 1.6% in the fourth quarter. Boston Financial Mangement LLC now owns 2,719 shares of the electric vehicle producer’s stock valued at $1,098,000 after acquiring an additional 43 shares during the last quarter. Advyzon Investment Management LLC bought a new position in Tesla in the fourth quarter valued at about $795,000. Unionview LLC bought a new position in Tesla in the fourth quarter valued at about $366,000. Finally, Wealth Alliance boosted its holdings in Tesla by 7.8% in the fourth quarter. Wealth Alliance now owns 8,870 shares of the electric vehicle producer’s stock valued at $3,582,000 after acquiring an additional 641 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TSLA shares. Robert W. Baird decreased their price target on Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Phillip Securities cut Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Barclays raised their target price on Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Jefferies Financial Group raised their target price on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Finally, Canaccord Genuity Group raised their target price on Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Ten equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $319.57.

Insider Transactions at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the sale, the director now owns 85,000 shares of the company’s stock, valued at $30,095,100. This represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at $1,903,716. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 523,386 shares of company stock worth $195,995,200. Company insiders own 20.70% of the company’s stock.

Tesla Price Performance

NASDAQ:TSLA opened at $337.80 on Monday. 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’s 50 day moving average price is $400.17 and its two-hundred day moving average price is $314.04. The firm has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 165.59, a P/E/G ratio of 5.86 and a beta of 2.34. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.