New Hampshire Trust Decreases Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

New Hampshire Trust reduced its stake in Tesla, Inc. (NASDAQ:TSLA) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,458 shares of the electric vehicle producer’s stock after selling 386 shares during the period. Tesla comprises about 1.0% of New Hampshire Trust’s holdings, making the stock its 29th biggest position. New Hampshire Trust’s holdings in Tesla were worth $4,627,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Sfmg LLC raised its position in shares of Tesla by 0.9% in the 2nd quarter. Sfmg LLC now owns 11,918 shares of the electric vehicle producer’s stock valued at $2,358,000 after purchasing an additional 106 shares during the last quarter. Wescott Financial Advisory Group LLC raised its position in shares of Tesla by 8.0% in the 2nd quarter. Wescott Financial Advisory Group LLC now owns 2,002 shares of the electric vehicle producer’s stock valued at $396,000 after purchasing an additional 149 shares during the last quarter. Kingfisher Capital LLC purchased a new position in Tesla during the 2nd quarter worth approximately $1,290,000. Alight Capital Management LP purchased a new position in Tesla during the 2nd quarter worth approximately $1,979,000. Finally, Abich Financial Wealth Management LLC raised its position in Tesla by 168.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after buying an additional 81 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the transaction, the chief financial officer now owns 108,965 shares of the company’s stock, valued at approximately $40,775,792.65. The trade was a 2.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. The trade was a 3.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 617,886 shares of company stock valued at $212,451,751. 20.70% of the stock is currently owned by insiders.

Tesla Price Performance

Tesla stock opened at $415.11 on Thursday. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The firm has a market capitalization of $1.33 trillion, a price-to-earnings ratio of 113.73, a PEG ratio of 8.60 and a beta of 2.30. The company has a fifty day simple moving average of $393.38 and a 200-day simple moving average of $291.27. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. On average, equities analysts anticipate that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on TSLA. Canaccord Genuity Group raised their price target on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Glj Research reissued a “sell” rating and set a $24.86 price target on shares of Tesla in a research report on Friday, January 3rd. Robert W. Baird raised their price target on shares of Tesla from $280.00 to $480.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and raised their price target for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $309.48.

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.