Tesla, Inc. (NASDAQ:TSLA) Position Reduced by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in Tesla, Inc. (NASDAQ:TSLA) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 371,857 shares of the electric vehicle producer’s stock after selling 8,894 shares during the period. Tesla accounts for 1.1% of Yousif Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Yousif Capital Management LLC’s holdings in Tesla were worth $92,399,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TSLA. Wedge Capital Management L L P NC grew its stake in Tesla by 2.2% during the third quarter. Wedge Capital Management L L P NC now owns 3,078 shares of the electric vehicle producer’s stock valued at $770,000 after acquiring an additional 66 shares in the last quarter. Naples Global Advisors LLC grew its position in shares of Tesla by 2.8% in the 3rd quarter. Naples Global Advisors LLC now owns 2,603 shares of the electric vehicle producer’s stock worth $651,000 after buying an additional 70 shares during the last quarter. Legacy Trust grew its position in shares of Tesla by 7.3% in the 3rd quarter. Legacy Trust now owns 971 shares of the electric vehicle producer’s stock worth $243,000 after buying an additional 66 shares during the last quarter. Traynor Capital Management Inc. grew its position in shares of Tesla by 8.4% in the 3rd quarter. Traynor Capital Management Inc. now owns 56,805 shares of the electric vehicle producer’s stock worth $14,214,000 after buying an additional 4,404 shares during the last quarter. Finally, Essex LLC grew its position in shares of Tesla by 199.0% in the 3rd quarter. Essex LLC now owns 2,479 shares of the electric vehicle producer’s stock worth $620,000 after buying an additional 1,650 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TSLA shares. Sanford C. Bernstein decreased their price objective on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating for the company in a research note on Tuesday, March 26th. Redburn Atlantic initiated coverage on shares of Tesla in a research report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 target price on the stock. Mizuho reaffirmed a “neutral” rating and issued a $195.00 target price (down previously from $270.00) on shares of Tesla in a report on Monday, March 25th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Tesla in a report on Friday. Finally, Wells Fargo & Company dropped their price target on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research note on Friday, April 12th. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $194.33.

Tesla Trading Up 1.9 %

Shares of TSLA stock traded up $2.63 during mid-day trading on Tuesday, hitting $144.68. The company’s stock had a trading volume of 119,642,343 shares, compared to its average volume of 101,872,688. The company’s fifty day simple moving average is $176.81 and its 200-day simple moving average is $209.24. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The company has a market cap of $460.78 billion, a PE ratio of 33.57, a P/E/G ratio of 3.89 and a beta of 2.40.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same period last year, the business posted $1.07 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts expect that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $5,502,726. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,631,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,098 shares of company stock worth $38,802,534. Insiders own 20.90% 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.