Stevens Capital Management LP Sells 20,106 Shares of Tesla, Inc. (NASDAQ:TSLA)

Stevens Capital Management LP reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 94.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 quarter.

Several other large investors have also bought and sold shares of TSLA. Abbrea Capital LLC grew its holdings in Tesla by 20.3% during the 4th quarter. Abbrea Capital LLC now owns 11,541 shares of the electric vehicle producer’s stock worth $2,868,000 after acquiring an additional 1,947 shares during the period. Syon Capital LLC grew its holdings in Tesla by 148.0% during the 4th quarter. Syon Capital LLC now owns 6,184 shares of the electric vehicle producer’s stock worth $1,537,000 after acquiring an additional 3,690 shares during the period. Pittenger & Anderson Inc. grew its holdings in Tesla by 14.8% during the 4th quarter. Pittenger & Anderson Inc. now owns 3,469 shares of the electric vehicle producer’s stock worth $862,000 after acquiring an additional 448 shares during the period. Bailard Inc. grew its holdings in Tesla by 38.4% during the 4th quarter. Bailard Inc. now owns 9,521 shares of the electric vehicle producer’s stock worth $2,366,000 after acquiring an additional 2,643 shares during the period. Finally, BIP Wealth LLC grew its stake in shares of Tesla by 45.5% in the 4th quarter. BIP Wealth LLC now owns 6,002 shares of the electric vehicle producer’s stock valued at $1,492,000 after buying an additional 1,878 shares during the period. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were 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 $5,502,726. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the firm’s 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 owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,098 shares of company stock worth $38,802,534. Company insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSLA. Mizuho decreased their target price on Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday. Roth Mkm reaffirmed a “neutral” rating and issued a $85.00 target price on shares of Tesla in a research report on Wednesday. KGI Securities reaffirmed a “neutral” rating and issued a $213.00 target price (down from $309.00) on shares of Tesla in a research report on Thursday, January 25th. China Renaissance initiated coverage on Tesla in a research report on Monday, February 26th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 3rd. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and an average price target of $186.70.

Tesla Trading Down 1.1 %

Shares of NASDAQ:TSLA traded down $1.89 on Friday, reaching $168.29. 109,309,500 shares of the company traded hands, compared to its average volume of 103,386,453. The business’s 50-day simple moving average is $175.67 and its 200 day simple moving average is $208.64. Tesla, Inc. has a 52 week low of $138.80 and a 52 week 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 current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $1.07 earnings per share. As a group, equities analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

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.