Tesla, Inc. (NASDAQ:TSLA) Position Reduced by Total Investment Management Inc.

Total Investment Management Inc. decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,179 shares of the electric vehicle producer’s stock after selling 141 shares during the period. Tesla comprises about 0.1% of Total Investment Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Total Investment Management Inc.’s holdings in Tesla were worth $1,038,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC raised its holdings in shares of Tesla by 1.0% during the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock worth $1,089,000 after purchasing an additional 42 shares during the period. Holderness Investments Co. raised its stake in Tesla by 1.6% during the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock worth $650,000 after acquiring an additional 42 shares during the period. SCS Capital Management LLC lifted its holdings in Tesla by 0.3% in the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock worth $4,224,000 after acquiring an additional 45 shares during the last quarter. Daymark Wealth Partners LLC boosted its stake in Tesla by 0.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after acquiring an additional 45 shares during the period. Finally, ML & R Wealth Management LLC grew its holdings in shares of Tesla by 2.6% during the third quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock valued at $455,000 after purchasing an additional 46 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Down 1.1 %

Shares of NASDAQ:TSLA opened at $168.29 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72. The stock has a market capitalization of $536.71 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 4.45 and a beta of 2.39. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The company has a 50 day moving average price of $175.04 and a 200 day moving average price of $207.61.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 13.18% and a net margin of 14.37%. The company had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Analyst Ratings Changes

TSLA has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on Tesla from $125.00 to $120.00 and set an “underweight” rating for the company in a research report on Friday, April 12th. Barclays lowered their price target on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Citigroup lifted their price objective on shares of Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday. Canaccord Genuity Group decreased their target price on shares of Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Finally, Daiwa Capital Markets cut Tesla from an “outperform” rating to a “neutral” rating and cut their price target for the company from $245.00 to $195.00 in a report on Tuesday, February 6th. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $186.70.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is owned by corporate insiders.

Tesla 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.