Rothschild Investment LLC Decreases Stake in Tesla, Inc. (NASDAQ:TSLA)

Rothschild Investment LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,634 shares of the electric vehicle producer’s stock after selling 83 shares during the quarter. Rothschild Investment LLC’s holdings in Tesla were worth $4,294,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Wealthstream Advisors Inc. lifted its stake in Tesla by 4.4% in the fourth quarter. Wealthstream Advisors Inc. now owns 2,684 shares of the electric vehicle producer’s stock worth $1,084,000 after acquiring an additional 114 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in Tesla by 2.6% during the fourth quarter. Crestwood Advisors Group LLC now owns 9,953 shares of the electric vehicle producer’s stock worth $4,019,000 after purchasing an additional 253 shares in the last quarter. IFP Advisors Inc raised its holdings in Tesla by 25.9% during the fourth quarter. IFP Advisors Inc now owns 19,808 shares of the electric vehicle producer’s stock worth $8,000,000 after purchasing an additional 4,071 shares in the last quarter. Rowlandmiller & PARTNERS.ADV acquired a new stake in Tesla during the fourth quarter worth approximately $161,000. Finally, Shariaportfolio Inc. raised its holdings in Tesla by 12.2% during the fourth quarter. Shariaportfolio Inc. now owns 101,153 shares of the electric vehicle producer’s stock worth $40,850,000 after purchasing an additional 10,968 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 business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $30,095,100. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 523,386 shares of company stock worth $195,995,200 in the last three months. Corporate insiders own 20.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Truist Financial raised their price objective on shares of Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Mizuho reissued an “outperform” rating and set a $515.00 price objective on shares of Tesla in a report on Thursday, January 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $365.00 price objective on shares of Tesla in a report on Wednesday, January 29th. Wedbush set a $328.50 target price on shares of Tesla in a report on Wednesday, February 12th. Finally, Bank of America cut shares of Tesla from a “buy” rating to a “neutral” rating and lifted their target price for the company from $400.00 to $490.00 in a report on Tuesday, January 7th. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $319.57.

Tesla Price Performance

Tesla stock opened at $290.80 on Thursday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $390.99 and its 200 day simple moving average is $315.51. The firm has a market capitalization of $935.36 billion, a PE ratio of 142.55, a P/E/G ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 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%. On average, equities research analysts predict that Tesla, Inc. will post 2.56 EPS 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.