Voya Financial Advisors Inc. Sells 200 Shares of Tesla, Inc. (NASDAQ:TSLA)

Voya Financial Advisors Inc. trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,438 shares of the electric vehicle producer’s stock after selling 200 shares during the period. Voya Financial Advisors Inc.’s holdings in Tesla were worth $1,018,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Horrell Capital Management Inc. lifted its stake in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 34 shares during the last quarter. GS Investments Inc. boosted its stake in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in shares of Tesla during the 4th quarter valued at approximately $38,000. Delos Wealth Advisors LLC increased its position in Tesla by 300.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer’s stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Finally, Cyrus J. Lawrence LLC bought a new position in Tesla in the 4th quarter valued at approximately $44,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TSLA shares. Piper Sandler restated an “overweight” rating on shares of Tesla in a research report on Tuesday. Cfra Research downgraded Tesla from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. HSBC cut their target price on shares of Tesla from $165.00 to $130.00 and set a “reduce” rating on the stock in a research report on Thursday, March 27th. Barclays dropped their price target on shares of Tesla from $325.00 to $275.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Tesla in a research note on Tuesday. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tesla has a consensus rating of “Hold” and an average price target of $287.46.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $259.51 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company has a market cap of $834.72 billion, a price-to-earnings ratio of 127.21, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a 12 month low of $158.36 and a 12 month high of $488.54. The company has a 50-day moving average price of $265.36 and a 200-day moving average price of $322.18.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The business had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same period last year, the firm posted $0.45 earnings per share. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity

In related news, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the transaction, the director now directly owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40. This trade represents a 4.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the transaction, the director now owns 85,000 shares of the company’s stock, valued at $32,643,400. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 374,228 shares of company stock valued at $123,791,123. Corporate insiders own 20.70% of the company’s stock.

Tesla 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.