Aspiriant LLC Sells 1,320 Shares of Tesla, Inc. (NASDAQ:TSLA)

Aspiriant LLC trimmed its stake in Tesla, Inc. (NASDAQ:TSLA) by 19.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,438 shares of the electric vehicle producer’s stock after selling 1,320 shares during the quarter. Aspiriant LLC’s holdings in Tesla were worth $2,196,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TSLA. Abich Financial Wealth Management LLC lifted its holdings in shares of Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Tesla by 10.7% during the second quarter. Ameriprise Financial Inc. now owns 4,754,950 shares of the electric vehicle producer’s stock valued at $941,050,000 after purchasing an additional 459,704 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of Tesla during the second quarter valued at $445,000. DoubleLine ETF Adviser LP bought a new position in shares of Tesla during the second quarter valued at $14,152,000. Finally, Daymark Wealth Partners LLC lifted its holdings in shares of Tesla by 252.1% during the second quarter. Daymark Wealth Partners LLC now owns 33,432 shares of the electric vehicle producer’s stock valued at $6,616,000 after purchasing an additional 23,938 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,442,856.32. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 60,500 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 617,886 shares of company stock worth $212,451,751 over the last 90 days. 20.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSLA. Mizuho raised Tesla from a “neutral” rating to an “outperform” rating and increased their target price for the company from $230.00 to $515.00 in a report on Tuesday, December 17th. Stifel Nicolaus upped their target price on shares of Tesla from $411.00 to $492.00 and gave the company a “buy” rating in a report on Monday, January 6th. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. KGI Securities upgraded Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price objective for the company in a research note on Thursday, October 24th. Finally, Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $309.48.

Tesla Price Performance

TSLA stock opened at $412.38 on Friday. 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 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $395.08 and a two-hundred day simple moving average of $292.13. The firm has a market capitalization of $1.32 trillion, a P/E ratio of 112.98, a price-to-earnings-growth ratio of 8.55 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same quarter last year, the business earned $0.53 earnings per share. Tesla’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that Tesla, Inc. will post 2.01 earnings per share for the current fiscal year.

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.