LifeSteps Financial Inc. Sells 325 Shares of Tesla, Inc. (NASDAQ:TSLA)

LifeSteps Financial Inc. decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 12.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,388 shares of the electric vehicle producer’s stock after selling 325 shares during the period. LifeSteps Financial Inc.’s holdings in Tesla were worth $593,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TSLA. Contravisory Investment Management Inc. acquired a new position in shares of Tesla during the 3rd quarter worth about $25,000. Wyrmwood Management LLC acquired a new stake in Tesla in the 4th quarter valued at about $25,000. Halpern Financial Inc. raised its holdings in Tesla by 1,111.1% in the 3rd quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Alpha Paradigm Partners LLC bought a new position in shares of Tesla during the 3rd quarter valued at approximately $27,000. Finally, MayTech Global Investments LLC bought a new position in shares of Tesla during the 4th quarter valued at approximately $30,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Down 2.2 %

Shares of TSLA traded down $4.04 during midday trading on Friday, hitting $175.79. The stock had a trading volume of 77,654,838 shares, compared to its average volume of 95,391,528. The firm has a market cap of $559.85 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 4.06 and a beta of 2.41. Tesla, Inc. has a 1 year low of $152.37 and a 1 year high of $299.29. The stock’s 50 day moving average is $187.05 and its 200 day moving average is $221.74. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter in the previous year, the company earned $1.07 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. As a group, analysts forecast that Tesla, Inc. will post 2.44 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the topic of several research reports. Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Monday. Robert W. Baird restated an “outperform” rating and set a $300.00 price objective on shares of Tesla in a research report on Thursday, January 25th. Citigroup decreased their target price on shares of Tesla from $224.00 to $196.00 and set a “neutral” rating on the stock in a research report on Wednesday. Mizuho reiterated a “neutral” rating and issued a $195.00 target price (down previously from $270.00) on shares of Tesla in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Tesla from $218.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $204.63.

Insider Activity

In other news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 198,598 shares of company stock worth $36,952,434. Corporate insiders own 25.10% of the company’s stock.

About Tesla

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.