Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Greenleaf Trust

Greenleaf Trust trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,877 shares of the electric vehicle producer’s stock after selling 1,442 shares during the period. Greenleaf Trust’s holdings in Tesla were worth $13,884,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mount Vernon Associates Inc. MD grew its holdings in Tesla by 5.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after acquiring an additional 350 shares during the period. Oak Ridge Investments LLC boosted its position in Tesla by 4.6% during the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock worth $8,065,000 after purchasing an additional 1,405 shares in the last quarter. Corient Private Wealth LLC boosted its position in Tesla by 3.7% during the third quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock worth $182,352,000 after purchasing an additional 25,943 shares in the last quarter. Nordea Investment Management AB boosted its position in Tesla by 11.8% during the fourth quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock worth $193,935,000 after purchasing an additional 81,729 shares in the last quarter. Finally, First National Corp MA ADV boosted its position in Tesla by 30.0% during the fourth quarter. First National Corp MA ADV now owns 1,401 shares of the electric vehicle producer’s stock worth $348,000 after purchasing an additional 323 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The stock was 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 directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 209,098 shares of company stock worth $38,802,534. Company insiders own 25.10% of the company’s stock.

Tesla Stock Down 1.9 %

NASDAQ:TSLA traded down $2.88 during midday trading on Friday, reaching $147.05. The company had a trading volume of 86,914,652 shares, compared to its average volume of 101,650,617. The firm has a market capitalization of $468.32 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 4.11 and a beta of 2.39. The stock’s fifty day simple moving average is $179.45 and its 200-day simple moving average is $212.21. Tesla, Inc. has a 12-month low of $146.22 and a 12-month high of $299.29. 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 (NASDAQ:TSLA) last released 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). The company had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup lowered their price target on Tesla from $196.00 to $180.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Mizuho reiterated a “neutral” rating and set a $195.00 price target (down previously from $270.00) on shares of Tesla in a research report on Monday, March 25th. China Renaissance initiated coverage on Tesla in a research report on Monday, February 26th. They set a “hold” rating on the stock. HSBC decreased their target price on Tesla from $143.00 to $138.00 and set a “reduce” rating on the stock in a research report on Wednesday, April 3rd. Finally, Edward Jones downgraded Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Ten equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $194.70.

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.