True Vision MN LLC Has $780,000 Stock Position in Tesla, Inc. (NASDAQ:TSLA)

True Vision MN LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,932 shares of the electric vehicle producer’s stock after selling 65 shares during the quarter. True Vision MN LLC’s holdings in Tesla were worth $780,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TSLA. Wedge Capital Management L L P NC boosted its position in shares of Tesla by 18.2% in the third quarter. Wedge Capital Management L L P NC now owns 2,489 shares of the electric vehicle producer’s stock worth $651,000 after buying an additional 384 shares during the period. Creative Planning lifted its stake in Tesla by 28.3% in the 3rd quarter. Creative Planning now owns 896,484 shares of the electric vehicle producer’s stock worth $221,677,000 after acquiring an additional 197,839 shares in the last quarter. Swedbank AB grew its stake in Tesla by 2.8% during the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock valued at $287,457,000 after acquiring an additional 29,669 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Tesla by 9.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 72,087 shares of the electric vehicle producer’s stock valued at $18,860,000 after purchasing an additional 6,042 shares during the period. Finally, Teamwork Financial Advisors LLC lifted its position in shares of Tesla by 9.1% in the third quarter. Teamwork Financial Advisors LLC now owns 32,241 shares of the electric vehicle producer’s stock worth $8,435,000 after purchasing an additional 2,693 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $37,226,491.76. This represents a 6.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction 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 completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $30,095,100. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock worth $195,995,200 in the last quarter. 20.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TSLA has been the topic of several research reports. Phillip Securities lowered shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Morgan Stanley increased their price objective on Tesla from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Barclays boosted their target price on Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Stifel Nicolaus reduced their price target on Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a report on Monday, February 10th. Finally, Robert W. Baird dropped their price objective on Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $326.50.

Tesla Trading Down 0.0 %

TSLA stock opened at $355.84 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.14 trillion, a P/E ratio of 174.43, a P/E/G ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The business’s 50 day moving average is $406.98 and its 200-day moving average is $306.79.

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 the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Equities analysts anticipate that Tesla, Inc. will post 2.54 earnings per share for the current fiscal year.

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.