Hartline Investment Corp Sells 300 Shares of Tesla, Inc. (NASDAQ:TSLA)

Hartline Investment Corp cut its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,111 shares of the electric vehicle producer’s stock after selling 300 shares during the quarter. Hartline Investment Corp’s holdings in Tesla were worth $276,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. BKA Wealth Consulting Inc. lifted its holdings in Tesla by 3.7% during the 4th quarter. BKA Wealth Consulting Inc. now owns 1,671 shares of the electric vehicle producer’s stock worth $415,000 after purchasing an additional 60 shares during the last quarter. Bfsg LLC raised its holdings in Tesla by 0.6% in the 4th quarter. Bfsg LLC now owns 10,272 shares of the electric vehicle producer’s stock valued at $2,552,000 after acquiring an additional 62 shares in the last quarter. Acas LLC raised its holdings in Tesla by 7.2% in the 4th quarter. Acas LLC now owns 1,040 shares of the electric vehicle producer’s stock valued at $258,000 after acquiring an additional 70 shares in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Tesla by 9.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 46,373 shares of the electric vehicle producer’s stock valued at $11,517,000 after acquiring an additional 3,964 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. raised its holdings in Tesla by 81.1% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 6,320 shares of the electric vehicle producer’s stock valued at $1,570,000 after acquiring an additional 2,830 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, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,098 shares of company stock valued at $38,802,534. Company insiders own 20.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on TSLA shares. Bank of America raised Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Wednesday. Canaccord Genuity Group lowered their price target on Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut Tesla from a “buy” rating to a “hold” rating and lowered their price target for the stock from $189.00 to $123.00 in a report on Thursday, April 18th. Finally, HSBC lowered their price target on Tesla from $138.00 to $120.00 and set a “reduce” rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Tesla presently has an average rating of “Hold” and an average target price of $186.22.

Tesla Stock Performance

NASDAQ TSLA traded up $17.45 on Wednesday, hitting $162.13. 180,807,331 shares of the stock traded hands, compared to its average volume of 103,011,320. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The business’s fifty day moving average is $176.81 and its two-hundred day moving average is $209.24. 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 firm has a market capitalization of $516.35 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 3.75 and a beta of 2.39.

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

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.