Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Consolidated Planning Corp

Consolidated Planning Corp trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 75.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,768 shares of the electric vehicle producer’s stock after selling 8,647 shares during the period. Consolidated Planning Corp’s holdings in Tesla were worth $688,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TSLA. Wyrmwood Management LLC acquired a new stake in shares of Tesla in the fourth quarter valued at $25,000. Lam Group Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at $25,000. Mendota Financial Group LLC raised its stake in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after acquiring an additional 91 shares in the last quarter. Kathleen S. Wright Associates Inc. raised its stake in shares of Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. Finally, Cordant Inc. acquired a new stake in shares of Tesla in the third quarter valued at $53,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

NASDAQ:TSLA traded down $1.89 during mid-day trading on Friday, reaching $168.29. The stock had a trading volume of 109,309,500 shares, compared to its average volume of 100,050,800. The business has a 50 day simple moving average of $175.04 and a 200 day simple moving average of $207.61. The firm 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. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29.

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

Insider Transactions at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was 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 in the company, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 in the last quarter. 25.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TSLA has been the topic of several recent analyst reports. Robert W. Baird reissued an “outperform” rating and issued a $280.00 target price on shares of Tesla in a report on Wednesday, April 17th. UBS Group dropped their target price on Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a report on Wednesday. Oppenheimer reissued a “market perform” rating on shares of Tesla in a report on Wednesday. Citigroup increased their target price on Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley dropped their target price on Tesla from $320.00 to $310.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Eight equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $186.70.

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.