Chicago Partners Investment Group LLC Sells 267 Shares of Tesla, Inc. (NASDAQ:TSLA)

Chicago Partners Investment Group LLC lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 2.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,485 shares of the electric vehicle producer’s stock after selling 267 shares during the period. Chicago Partners Investment Group LLC’s holdings in Tesla were worth $2,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wyrmwood Management LLC purchased a new stake in shares of Tesla in the fourth quarter worth $25,000. Lam Group Inc. purchased a new stake in shares of Tesla in the fourth quarter worth $25,000. Mendota Financial Group LLC grew its stake in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Tesla in the fourth quarter worth $37,000. Finally, Guardian Wealth Management Inc. purchased a new stake in shares of Tesla during the fourth quarter valued at $47,000. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,772,900. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,855 shares of company stock worth $19,285,643. 25.10% of the stock is currently owned by company insiders.

Tesla Price Performance

NASDAQ TSLA traded down $4.46 during trading on Friday, hitting $178.01. 82,038,194 shares of the stock traded hands, compared to its average volume of 68,882,416. The company has a market capitalization of $567.71 billion, a P/E ratio of 45.41, a price-to-earnings-growth ratio of 4.53 and a beta of 2.32. The firm has a 50-day simple moving average of $172.90 and a 200-day simple moving average of $195.68. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. As a group, analysts predict that Tesla, Inc. will post 1.87 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 price objective on shares of Tesla in a research report on Wednesday. Mizuho dropped their price objective on Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Barclays lowered their target price on Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 target price on shares of Tesla in a report on Wednesday. Finally, Citigroup reissued a “neutral” rating on shares of Tesla in a report on Wednesday. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $185.90.

Check Out Our Latest Stock Report on Tesla

Tesla Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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