Fort Sheridan Advisors LLC Cuts Position in Tesla, Inc. (NASDAQ:TSLA)

Fort Sheridan Advisors LLC trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 937 shares of the electric vehicle producer’s stock after selling 100 shares during the period. Fort Sheridan Advisors LLC’s holdings in Tesla were worth $990,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Alliance Advisory Group LLC purchased a new stake in shares of Tesla during the fourth quarter worth approximately $293,000. Wealthsource Partners LLC purchased a new position in Tesla in the third quarter valued at approximately $3,065,000. Summit Trail Advisors LLC increased its stake in Tesla by 1.6% in the third quarter. Summit Trail Advisors LLC now owns 14,802 shares of the electric vehicle producer’s stock valued at $11,479,000 after purchasing an additional 239 shares during the last quarter. PGGM Investments purchased a new position in Tesla in the fourth quarter valued at approximately $12,596,000. Finally, Curi Wealth Management LLC purchased a new position in Tesla in the fourth quarter valued at approximately $98,000. Hedge funds and other institutional investors own 40.64% of the company’s stock.

Several equities analysts have commented on the stock. Canaccord Genuity Group increased their price target on shares of Tesla from $1,040.00 to $1,200.00 in a research note on Friday, January 28th. Wells Fargo & Company lowered their target price on shares of Tesla from $960.00 to $900.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Tesla from $1,200.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Friday, April 22nd. Robert W. Baird raised their target price on shares of Tesla from $888.00 to $1,108.00 and gave the stock an “outperform” rating in a research report on Thursday, January 27th. Finally, Oppenheimer increased their price target on Tesla from $1,103.00 to $1,291.00 and gave the stock an “outperform” rating in a report on Thursday, April 21st. Eight equities research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $956.97.

In other news, CEO Elon Musk sold 345,601 shares of the company’s stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $898.00, for a total transaction of $310,349,698.00. Following the completion of the transaction, the chief executive officer now owns 168,193,251 shares of the company’s stock, valued at approximately $151,037,539,398. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Vaibhav Taneja sold 1,300 shares of the company’s stock in a transaction dated Tuesday, April 5th. The shares were sold at an average price of $1,141.94, for a total transaction of $1,484,522.00. Following the transaction, the chief accounting officer now directly owns 25,985 shares of the company’s stock, valued at approximately $29,673,310.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 418,251 shares of company stock valued at $374,394,436. 25.00% of the stock is currently owned by company insiders.

Tesla stock traded up $41.59 during midday trading on Friday, reaching $769.59. 30,659,473 shares of the company were exchanged, compared to its average volume of 25,988,598. The company has a market capitalization of $797.30 billion, a price-to-earnings ratio of 104.42, a P/E/G ratio of 2.35 and a beta of 2.11. The firm’s 50-day simple moving average is $939.30 and its 200-day simple moving average is $981.68. Tesla, Inc. has a 1 year low of $546.98 and a 1 year high of $1,243.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.35.

Tesla (NASDAQ:TSLAGet Rating) last posted its quarterly earnings data on Wednesday, April 20th. The electric vehicle producer reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.96. The firm had revenue of $18.76 billion during the quarter, compared to analysts’ expectations of $17.84 billion. Tesla had a return on equity of 28.11% and a net margin of 13.51%. The firm’s quarterly revenue was up 80.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. On average, analysts forecast that Tesla, Inc. will post 10.39 EPS for the current fiscal year.

About Tesla (Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAGet Rating).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.