Stephens Inc. AR Sells 6,327 Shares of Tesla, Inc. (NASDAQ:TSLA)

Stephens Inc. AR cut its position in Tesla, Inc. (NASDAQ:TSLA) by 11.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 46,885 shares of the electric vehicle producer’s stock after selling 6,327 shares during the quarter. Stephens Inc. AR’s holdings in Tesla were worth $18,934,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC bought a new position in Tesla in the third quarter valued at approximately $29,000. Peterson Financial Group Inc. acquired a new position in Tesla during the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Tesla by 692.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock worth $56,000 after purchasing an additional 187 shares during the period. Finley Financial LLC acquired a new position in Tesla in the fourth quarter valued at about $64,000. Finally, Abich Financial Wealth Management LLC raised its position in shares of Tesla by 136.4% during the third quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock worth $80,000 after purchasing an additional 176 shares during the period. 66.20% of the stock is owned by institutional investors.

Tesla Stock Performance

Shares of TSLA stock opened at $336.51 on Thursday. The firm’s 50-day simple moving average is $407.68 and its two-hundred day simple moving average is $306.23. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The firm has a market cap of $1.08 trillion, a price-to-earnings ratio of 164.96, a P/E/G ratio of 6.22 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, equities analysts forecast that Tesla, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $30,095,100. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $37,226,491.76. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 635,776 shares of company stock valued at $231,335,112. Company insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on TSLA shares. Guggenheim restated a “sell” rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday, January 29th. Wedbush raised their target price on shares of Tesla from $515.00 to $550.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Mizuho restated an “outperform” rating and set a $515.00 price objective on shares of Tesla in a research note on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and issued a $440.00 price objective on shares of Tesla in a research note on Thursday, January 30th. Finally, New Street Research raised Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price on the stock in a report on Monday, January 6th. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $326.50.

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.