Stevens Capital Management LP Has $271,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Stevens Capital Management LP lowered its position in Tesla, Inc. (NASDAQ:TSLA) by 94.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,089 shares of the electric vehicle producer’s stock after selling 20,106 shares during the period. Stevens Capital Management LP’s holdings in Tesla were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC boosted its position in shares of Tesla by 1.0% in the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock valued at $1,089,000 after acquiring an additional 42 shares during the period. Holderness Investments Co. boosted its position in shares of Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after acquiring an additional 42 shares during the period. SCS Capital Management LLC raised its stake in shares of Tesla by 0.3% in the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock valued at $4,224,000 after purchasing an additional 45 shares in the last quarter. Daymark Wealth Partners LLC raised its stake in shares of Tesla by 0.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after purchasing an additional 45 shares in the last quarter. Finally, ML & R Wealth Management LLC raised its stake in shares of Tesla by 2.6% in the third quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock valued at $455,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TSLA shares. TD Cowen cut their target price on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Robert W. Baird reiterated an “outperform” rating and set a $280.00 price objective on shares of Tesla in a research note on Wednesday, April 17th. Citigroup increased their price objective on Tesla from $180.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday. Redburn Atlantic began coverage on Tesla in a research note on Wednesday, January 24th. They set a “sell” rating and a $170.00 price objective for the company. Finally, Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Tesla in a research note on Friday, April 19th. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $186.70.

Tesla Stock Down 1.1 %

Tesla stock traded down $1.89 during midday trading on Friday, reaching $168.29. The stock had a trading volume of 109,309,500 shares, compared to its average volume of 103,386,453. The firm’s fifty day simple moving average is $175.67 and its 200-day simple moving average is $208.64. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The stock has a market capitalization of $535.97 billion, a P/E ratio of 43.44, a price-to-earnings-growth ratio of 4.28 and a beta of 2.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results 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). The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS. As a group, analysts expect that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction of $1,850,100.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 in the last 90 days. 25.10% of the stock is currently owned by insiders.

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.