Stokes Family Office LLC Sells 2,117 Shares of Tesla, Inc. (NASDAQ:TSLA)

Stokes Family Office LLC lessened its holdings in Tesla, Inc. (NASDAQ:TSLA) by 36.8% in the 4th quarter, Holdings Channel reports. The firm owned 3,637 shares of the electric vehicle producer’s stock after selling 2,117 shares during the quarter. Stokes Family Office LLC’s holdings in Tesla were worth $904,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TSLA. International Assets Investment Management LLC raised its stake in shares of Tesla by 25,990.7% in the 4th quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock valued at $1,541,273,000 after buying an additional 6,179,032 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Tesla by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock worth $56,534,710,000 after buying an additional 3,453,078 shares during the period. California Public Employees Retirement System grew its position in Tesla by 34.0% in the third quarter. California Public Employees Retirement System now owns 9,032,207 shares of the electric vehicle producer’s stock valued at $2,260,039,000 after acquiring an additional 2,293,344 shares during the period. Morgan Stanley raised its stake in Tesla by 7.8% during the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after acquiring an additional 2,177,397 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Tesla by 3.4% during the third quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock valued at $6,891,765,000 after acquiring an additional 909,170 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of 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. In related news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, 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 90 days. 25.10% of the stock is currently owned by company insiders.

Tesla Stock Up 0.7 %

TSLA stock traded up $1.18 during mid-day trading on Friday, hitting $181.19. 75,491,539 shares of the company were exchanged, compared to its average volume of 112,969,304. The firm’s 50 day simple moving average is $174.07 and its 200 day simple moving average is $205.92. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The firm has a market cap of $577.85 billion, a P/E ratio of 46.22, a P/E/G ratio of 4.71 and a beta of 2.41.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TSLA shares. Evercore ISI lowered their target price on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, April 29th. HSBC dropped their price objective on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating for the company in a report on Wednesday, April 24th. Guggenheim reissued a “sell” rating and issued a $122.00 target price on shares of Tesla in a report on Tuesday, April 23rd. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research report on Wednesday, April 24th. Finally, Royal Bank of Canada decreased their target price on Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $185.90.

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.