IFM Investors Pty Ltd trimmed its position in shares of Tesla Inc (NASDAQ:TSLA) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,806 shares of the electric vehicle producer’s stock after selling 426 shares during the quarter. IFM Investors Pty Ltd’s holdings in Tesla were worth $5,775,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in TSLA. Personal Wealth Partners lifted its stake in Tesla by 5,000.0% during the 3rd quarter. Personal Wealth Partners now owns 102 shares of the electric vehicle producer’s stock valued at $25,000 after acquiring an additional 100 shares during the period. HM Payson & Co. bought a new position in Tesla during the 2nd quarter valued at about $30,000. Stonebridge Capital Advisors LLC bought a new position in Tesla during the 2nd quarter valued at about $42,000. Private Capital Group LLC lifted its stake in Tesla by 110.3% during the 2nd quarter. Private Capital Group LLC now owns 122 shares of the electric vehicle producer’s stock valued at $42,000 after acquiring an additional 64 shares during the period. Finally, New Capital Management LP lifted its stake in Tesla by 101.0% during the 3rd quarter. New Capital Management LP now owns 199 shares of the electric vehicle producer’s stock valued at $48,000 after acquiring an additional 100 shares during the period. 52.56% of the stock is currently owned by institutional investors.
In other Tesla news, CFO Zachary Kirkhorn sold 150 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $262.00, for a total transaction of $39,300.00. Following the sale, the chief financial officer now owns 9,851 shares in the company, valued at approximately $2,580,962. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Vaibhav Taneja sold 452 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $350.80, for a total transaction of $158,561.60. Following the sale, the chief accounting officer now owns 1,020 shares in the company, valued at approximately $357,816. The disclosure for this sale can be found here. Insiders sold a total of 98,681 shares of company stock worth $33,831,053 in the last quarter. Company insiders own 24.40% of the company’s stock.
TSLA has been the topic of several research analyst reports. BidaskClub upgraded shares of Tesla from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 11th. Needham & Company LLC restated an “underperform” rating on shares of Tesla in a research note on Thursday, October 3rd. Cowen upped their target price on shares of Tesla from $190.00 to $210.00 and gave the company an “underperform” rating in a research note on Monday, December 30th. JPMorgan Chase & Co. set a $240.00 target price on shares of Tesla and gave the company a “sell” rating in a research note on Monday, January 6th. Finally, Wedbush upped their target price on shares of Tesla from $270.00 to $370.00 and gave the company a “neutral” rating in a research note on Thursday, December 26th. Eighteen research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Tesla currently has an average rating of “Hold” and a consensus price target of $323.94.
Shares of NASDAQ:TSLA opened at $524.86 on Tuesday. The firm’s 50 day moving average price is $395.26 and its 200-day moving average price is $291.06. Tesla Inc has a twelve month low of $176.99 and a twelve month high of $525.63. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $94.60 billion, a PE ratio of -91.76, a price-to-earnings-growth ratio of 4.47 and a beta of 0.64.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $1.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $2.28. Tesla had a negative net margin of 3.39% and a negative return on equity of 13.42%. The firm had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.48 billion. During the same quarter in the prior year, the business earned $2.90 EPS. The business’s quarterly revenue was down 7.6% on a year-over-year basis. Analysts expect that Tesla Inc will post -4.8 earnings per share for the current fiscal year.
Tesla Company Profile
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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