Vista Investment Partners LLC Cuts Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Vista Investment Partners LLC cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,637 shares of the electric vehicle producer’s stock after selling 80 shares during the quarter. Vista Investment Partners LLC’s holdings in Tesla were worth $2,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Fisher Asset Management LLC lifted its stake in Tesla by 38.5% in the fourth quarter. Fisher Asset Management LLC now owns 21,119 shares of the electric vehicle producer’s stock valued at $5,248,000 after purchasing an additional 5,874 shares during the last quarter. Capital CS Group LLC lifted its position in shares of Tesla by 102.9% during the 1st quarter. Capital CS Group LLC now owns 1,203 shares of the electric vehicle producer’s stock valued at $211,000 after buying an additional 42,954 shares during the last quarter. RFG Advisory LLC increased its holdings in Tesla by 3.2% in the 1st quarter. RFG Advisory LLC now owns 10,122 shares of the electric vehicle producer’s stock worth $1,779,000 after acquiring an additional 311 shares during the last quarter. Cardano Risk Management B.V. raised its stake in Tesla by 4.9% in the 1st quarter. Cardano Risk Management B.V. now owns 558,675 shares of the electric vehicle producer’s stock valued at $98,209,000 after acquiring an additional 26,323 shares during the period. Finally, First Affirmative Financial Network lifted its holdings in Tesla by 4.5% during the first quarter. First Affirmative Financial Network now owns 4,396 shares of the electric vehicle producer’s stock valued at $773,000 after purchasing an additional 190 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Argus reissued a “buy” rating and issued a $286.00 price target on shares of Tesla in a research report on Friday, July 26th. The Goldman Sachs Group reissued a “neutral” rating and set a $230.00 target price on shares of Tesla in a report on Friday, October 11th. Guggenheim raised their price target on Tesla from $134.00 to $153.00 and gave the stock a “sell” rating in a report on Friday, September 13th. Mizuho boosted their price objective on Tesla from $180.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Finally, Stifel Nicolaus initiated coverage on Tesla in a research note on Tuesday, June 25th. They issued a “buy” rating and a $265.00 target price for the company. Nine equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $210.72.

Tesla Stock Performance

Shares of TSLA stock opened at $220.89 on Friday. The company’s fifty day moving average price is $227.25 and its 200-day moving average price is $204.80. The stock has a market cap of $705.66 billion, a PE ratio of 62.05, a price-to-earnings-growth ratio of 5.94 and a beta of 2.29. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $271.00.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same period in the previous year, the firm earned $0.78 EPS. The company’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts expect that Tesla, Inc. will post 1.75 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $18,696,600. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,661 shares of company stock valued at $16,663,291. 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.