Epiq Partners LLC Has $703,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Epiq Partners LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,741 shares of the electric vehicle producer’s stock after selling 200 shares during the quarter. Epiq Partners LLC’s holdings in Tesla were worth $703,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TSLA. JDH Wealth Management LLC acquired a new stake in Tesla during the 4th quarter worth approximately $585,000. Nilsine Partners LLC lifted its holdings in shares of Tesla by 0.5% during the fourth quarter. Nilsine Partners LLC now owns 14,322 shares of the electric vehicle producer’s stock worth $5,784,000 after buying an additional 77 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Tesla by 4.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 36,101 shares of the electric vehicle producer’s stock valued at $14,579,000 after acquiring an additional 1,407 shares during the period. tru Independence LLC acquired a new position in shares of Tesla in the fourth quarter valued at about $233,000. Finally, Cornell Pochily Investment Advisors Inc. increased its position in Tesla by 10.0% during the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 3,639 shares of the electric vehicle producer’s stock worth $1,469,000 after acquiring an additional 330 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $300.37, for a total value of $2,402,960.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $31,548,461.84. This trade represents a 7.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 553,386 shares of company stock worth $196,305,796. 20.70% of the stock is currently owned by insiders.

Tesla Stock Performance

Shares of Tesla stock opened at $400.28 on Friday. The stock has a market cap of $1.28 trillion, a price-to-earnings ratio of 109.67, a P/E/G ratio of 8.42 and a beta of 2.30. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company’s fifty day moving average is $401.98 and its 200 day moving average is $297.28.

Tesla (NASDAQ:TSLA) last issued 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 net margin of 13.07% and a return on equity of 10.24%. Sell-side analysts forecast that Tesla, Inc. will post 2.01 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on TSLA shares. StockNews.com raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Sanford C. Bernstein reissued an “underperform” rating and set a $120.00 price target on shares of Tesla in a research report on Thursday, October 3rd. New Street Research raised Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective for the company in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $440.00 target price on shares of Tesla in a report on Thursday. Finally, Wells Fargo & Company boosted their price target on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $318.31.

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.