Tesla, Inc. (NASDAQ:TSLA) Stake Trimmed by Clarius Group LLC

Clarius Group LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,047 shares of the electric vehicle producer’s stock after selling 3,636 shares during the quarter. Tesla makes up approximately 0.7% of Clarius Group LLC’s portfolio, making the stock its 25th largest position. Clarius Group LLC’s holdings in Tesla were worth $8,212,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new stake in shares of Tesla in the third quarter valued at $25,000. Wyrmwood Management LLC acquired a new stake in Tesla during the 4th quarter worth about $25,000. Halpern Financial Inc. grew its stake in Tesla by 1,111.1% during 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 in the last quarter. Alpha Paradigm Partners LLC acquired a new position in shares of Tesla in the 3rd quarter valued at about $27,000. Finally, MayTech Global Investments LLC purchased a new stake in shares of Tesla in the fourth quarter worth approximately $30,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Sanford C. Bernstein dropped their price objective on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 26th. Redburn Atlantic initiated coverage on shares of Tesla in a research note on Wednesday, January 24th. They issued a “sell” rating and a $170.00 price target on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on Tesla from $200.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. cut their price target on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 3rd. Finally, China Renaissance started coverage on Tesla in a report on Monday, February 26th. They issued a “hold” rating on the stock. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $198.81.

Tesla Stock Performance

Tesla stock traded down $3.08 during trading hours on Friday, hitting $171.52. The stock had a trading volume of 40,893,280 shares, compared to its average volume of 101,917,469. Tesla, Inc. has a fifty-two week low of $152.37 and a fifty-two week high of $299.29. The company has a market cap of $546.26 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 3.49 and a beta of 2.39. The company has a 50-day moving average of $182.17 and a two-hundred day moving average of $215.21. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. 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 business earned $1.07 earnings per share. On average, equities research analysts anticipate that Tesla, Inc. will post 2.2 EPS for the current fiscal year.

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.