Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,536 shares of the electric vehicle producer’s stock after selling 515 shares during the period. Milestone Asset Management LLC’s holdings in Tesla were worth $2,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the company. Czech National Bank increased its holdings in shares of Tesla by 6.9% in the 3rd quarter. Czech National Bank now owns 565,270 shares of the electric vehicle producer’s stock valued at $147,892,000 after acquiring an additional 36,544 shares during the last quarter. GAMMA Investing LLC increased its stake in Tesla by 79.6% in the third quarter. GAMMA Investing LLC now owns 26,367 shares of the electric vehicle producer’s stock valued at $6,898,000 after purchasing an additional 11,685 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of Tesla by 3.6% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 59,258 shares of the electric vehicle producer’s stock worth $15,504,000 after buying an additional 2,070 shares during the last quarter. Cora Capital Advisors LLC acquired a new position in shares of Tesla in the 3rd quarter valued at $222,000. Finally, Diversified Trust Co grew its position in shares of Tesla by 83.5% in the 3rd quarter. Diversified Trust Co now owns 35,428 shares of the electric vehicle producer’s stock valued at $9,269,000 after buying an additional 16,116 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 1.1 %

Shares of TSLA opened at $404.60 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The stock has a market cap of $1.30 trillion, a price-to-earnings ratio of 198.33, a price-to-earnings-growth ratio of 8.08 and a beta of 2.30. The firm has a 50 day simple moving average of $404.22 and a 200-day simple moving average of $299.34.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.54% and a net margin of 7.26%. Equities analysts forecast that Tesla, Inc. will post 2.82 EPS for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $26,727,400. This represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at $1,868,508. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 553,386 shares of company stock worth $196,305,796 over the last quarter. 20.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

TSLA has been the subject of several research analyst reports. Mizuho restated an “outperform” rating and issued a $515.00 price objective on shares of Tesla in a research note on Thursday. Piper Sandler upped their price target on shares of Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Jefferies Financial Group raised their price objective on shares of Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Barclays boosted their price target on Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Nine equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $318.31.

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.