Stephens Inc. AR Lowers Holdings in Tesla, Inc. (NASDAQ:TSLA)

Stephens Inc. AR decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,885 shares of the electric vehicle producer’s stock after selling 6,327 shares during the quarter. Stephens Inc. AR’s holdings in Tesla were worth $18,934,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of TSLA. Transcendent Capital Group LLC purchased a new stake in shares of Tesla in the third quarter valued at $29,000. Peterson Financial Group Inc. purchased a new position in Tesla during the 3rd quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. raised its position in Tesla by 692.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after purchasing an additional 187 shares in the last quarter. Finley Financial LLC purchased a new stake in shares of Tesla in the 4th quarter worth $64,000. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of Tesla by 136.4% in the third quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock valued at $80,000 after acquiring an additional 176 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 2.4 %

Shares of Tesla stock opened at $336.51 on Thursday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The business’s fifty day moving average is $407.68 and its two-hundred day moving average is $306.23. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.08 trillion, a PE ratio of 164.96, a P/E/G ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Analysts anticipate that Tesla, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’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. This trade represents a 2.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the sale, the director now owns 85,000 shares of the company’s stock, valued at $30,095,100. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 635,776 shares of company stock valued at $231,335,112 over the last three months. 20.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TSLA. Glj Research reiterated a “sell” rating and set a $24.86 price objective on shares of Tesla in a report on Wednesday. Jefferies Financial Group lifted their price target on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Benchmark began coverage on Tesla in a report on Wednesday. They set a “buy” rating and a $475.00 target price for the company. Bank of America cut shares of Tesla from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $400.00 to $490.00 in a research note on Tuesday, January 7th. Finally, Wedbush raised their target price on shares of Tesla from $515.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $326.50.

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.