Tesla, Inc. (NASDAQ:TSLA) Shares Sold by DDD Partners LLC

DDD Partners LLC reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,405 shares of the electric vehicle producer’s stock after selling 58 shares during the period. DDD Partners LLC’s holdings in Tesla were worth $2,088,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Synergy Financial Group LTD increased its position in shares of Tesla by 7.3% during the 2nd quarter. Synergy Financial Group LTD now owns 6,432 shares of the electric vehicle producer’s stock worth $1,684,000 after purchasing an additional 438 shares in the last quarter. New Republic Capital LLC acquired a new stake in Tesla in the 2nd quarter valued at about $429,000. Oak Ridge Investments LLC increased its position in Tesla by 4.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after acquiring an additional 1,405 shares in the last quarter. Charter Oak Capital Management LLC increased its position in Tesla by 8.9% in the 3rd quarter. Charter Oak Capital Management LLC now owns 1,271 shares of the electric vehicle producer’s stock valued at $318,000 after acquiring an additional 104 shares in the last quarter. Finally, CWM LLC grew its position in shares of Tesla by 14.4% during the 3rd quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer’s stock worth $36,717,000 after buying an additional 18,462 shares during the period. 66.20% of the stock is owned by institutional investors.

Tesla Stock Performance

Shares of TSLA opened at $179.83 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $572.72 billion, a P/E ratio of 41.72, a price-to-earnings-growth ratio of 4.01 and a beta of 2.41. The firm’s fifty day simple moving average is $188.49 and its two-hundred day simple moving average is $222.36. Tesla, Inc. has a 12 month low of $152.37 and a 12 month high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.07 EPS. As a group, analysts predict that Tesla, Inc. will post 2.44 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research report on Friday, January 26th. Citigroup lowered their price target on shares of Tesla from $224.00 to $196.00 and set a “neutral” rating for the company in a research report on Wednesday. Barclays lowered their price target on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating for the company in a research report on Thursday, January 25th. China Renaissance assumed coverage on shares of Tesla in a research note on Monday, February 26th. They set a “hold” rating on the stock. Finally, Wells Fargo & Company lowered shares of Tesla from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $200.00 to $125.00 in a research note on Wednesday, March 13th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $207.04.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold 198,598 shares of company stock valued at $36,952,434 in the last 90 days. 20.90% of the stock is currently owned by corporate insiders.

About Tesla

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.