Roberts Glore & Co. Inc. IL Cuts Stake in Tesla, Inc. (NASDAQ:TSLA)

Roberts Glore & Co. Inc. IL lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 17.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 958 shares of the electric vehicle producer’s stock after selling 198 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Tesla were worth $387,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Alpha Omega Group Inc. increased its position in Tesla by 6.2% during the 4th quarter. Alpha Omega Group Inc. now owns 994 shares of the electric vehicle producer’s stock worth $401,000 after purchasing an additional 58 shares in the last quarter. Argentarii LLC acquired a new stake in Tesla during the 4th quarter worth approximately $469,000. Jackson Hole Capital Partners LLC increased its position in Tesla by 7.7% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 867 shares of the electric vehicle producer’s stock worth $350,000 after purchasing an additional 62 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Tesla during the 4th quarter worth approximately $47,305,000. Finally, Schaper Benz & Wise Investment Counsel Inc. WI increased its position in Tesla by 5.1% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 1,400 shares of the electric vehicle producer’s stock worth $565,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price for the company in a research report on Monday, January 6th. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $365.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. The Goldman Sachs Group reaffirmed a “cautious” rating on shares of Tesla in a research report on Monday, March 3rd. Finally, Royal Bank of Canada reaffirmed a “mixed” rating on shares of Tesla in a research report on Saturday, February 8th. Nine equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus target price of $327.37.

Tesla Stock Performance

TSLA stock opened at $262.67 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a market capitalization of $844.88 billion, a price-to-earnings ratio of 128.76, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The stock’s fifty day moving average is $367.78 and its two-hundred day moving average is $318.71.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $25,466,850. This trade represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,672 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total value of $718,046.56. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at $7,242,273.50. This trade represents a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 422,452 shares of company stock worth $153,659,530. 20.70% of the stock is owned by insiders.

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.