Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 15.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 890 shares of the electric vehicle producer’s stock after selling 164 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Tesla were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sigma Planning Corp increased its stake in shares of Tesla by 10.4% in the second quarter. Sigma Planning Corp now owns 76,219 shares of the electric vehicle producer’s stock valued at $19,952,000 after purchasing an additional 7,154 shares during the period. Deuterium Capital Management LLC purchased a new stake in Tesla in the 2nd quarter worth approximately $1,314,000. Nadler Financial Group Inc. lifted its position in Tesla by 0.5% in the 2nd quarter. Nadler Financial Group Inc. now owns 10,613 shares of the electric vehicle producer’s stock worth $2,778,000 after buying an additional 50 shares in the last quarter. Synergy Financial Group LTD lifted its position in Tesla by 7.3% in the 2nd quarter. Synergy Financial Group LTD now owns 6,432 shares of the electric vehicle producer’s stock worth $1,684,000 after buying an additional 438 shares in the last quarter. Finally, JFG Wealth Management LLC purchased a new stake in Tesla in the 2nd quarter worth approximately $524,000. Institutional investors and hedge funds own 41.87% of the company’s stock.

Tesla Stock Up 2.1 %

Shares of TSLA stock opened at $193.57 on Monday. The company has a market capitalization of $616.48 billion, a price-to-earnings ratio of 44.91, a P/E/G ratio of 3.25 and a beta of 2.43. Tesla, Inc. has a 12-month low of $152.37 and a 12-month high of $299.29. The firm has a fifty day moving average of $225.52 and a 200-day moving average of $236.10. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLAGet Free Report) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The business had revenue of $25.17 billion during 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 firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the business posted $1.07 EPS. As a group, equities research analysts predict that Tesla, Inc. will post 2.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now owns 104,716 shares in the company, valued at $26,179,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 1,049 shares of Tesla stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $244.34, for a total value of $256,312.66. Following the completion of the sale, the senior vice president now owns 61,124 shares in the company, valued at approximately $14,935,038.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 104,716 shares in the company, valued at $26,179,000. The disclosure for this sale can be found here. Insiders sold a total of 9,222 shares of company stock worth $2,298,583 over the last quarter. 20.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TSLA shares. HSBC assumed coverage on shares of Tesla in a report on Thursday, November 9th. They set a “reduce” rating and a $146.00 price target on the stock. UBS Group decreased their target price on shares of Tesla from $229.00 to $225.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. Truist Financial decreased their target price on shares of Tesla from $227.00 to $193.00 and set a “hold” rating on the stock in a research report on Thursday, January 25th. Roth Mkm restated a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research report on Thursday, October 19th. Finally, Daiwa Capital Markets downgraded shares of Tesla from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $245.00 to $195.00 in a research note on Tuesday, February 6th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and an average target price of $219.89.

View Our Latest Analysis on TSLA

About Tesla

(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. It 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, retail merchandise, and vehicle insurance services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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