Tradewinds Capital Management LLC Sells 368 Shares of Tesla, Inc. (NASDAQ:TSLA)

Tradewinds Capital Management LLC trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 39.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 559 shares of the electric vehicle producer’s stock after selling 368 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Tesla were worth $226,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. New England Capital Financial Advisors LLC boosted its stake in shares of Tesla by 2.6% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,195 shares of the electric vehicle producer’s stock valued at $483,000 after purchasing an additional 30 shares during the period. Rainey & Randall Wealth Advisors Inc. bought a new stake in Tesla during the 4th quarter valued at $207,000. Lutz Financial Services LLC purchased a new stake in Tesla during the 4th quarter valued at $235,000. Kooman & Associates grew its holdings in Tesla by 2.4% in the 4th quarter. Kooman & Associates now owns 1,188 shares of the electric vehicle producer’s stock worth $480,000 after acquiring an additional 28 shares during the last quarter. Finally, Abound Financial LLC purchased a new position in shares of Tesla in the fourth quarter valued at about $817,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Kimbal Musk sold 75,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the transaction, the director now owns 1,463,220 shares in the company, valued at $538,274,741.40. This represents a 4.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $40,775,792.65. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 523,386 shares of company stock valued at $195,995,200 in the last ninety days. 20.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TSLA has been the topic of several recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Tesla in a research note on Tuesday, February 18th. Jefferies Financial Group lifted their price objective on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and upped their target price for the company from $85.00 to $380.00 in a report on Monday, December 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Monday, February 10th. Finally, StockNews.com lowered shares of Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $319.57.

Tesla Price Performance

NASDAQ TSLA opened at $302.80 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company has a market capitalization of $973.96 billion, a price-to-earnings ratio of 148.43, a PEG ratio of 5.86 and a beta of 2.34. The stock has a 50-day moving average of $393.98 and a 200 day moving average of $315.69. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data 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 7.26% and a return on equity of 10.31%. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

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.