Crystal Rock Capital Management Has $1.94 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Crystal Rock Capital Management lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 49.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,805 shares of the electric vehicle producer’s stock after selling 4,750 shares during the period. Tesla makes up about 1.2% of Crystal Rock Capital Management’s portfolio, making the stock its 23rd largest position. Crystal Rock Capital Management’s holdings in Tesla were worth $1,940,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Transcendent Capital Group LLC bought a new stake in Tesla in the 3rd quarter valued at about $29,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $46,000. PayPay Securities Corp boosted its stake in shares of Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after buying an additional 69 shares during the period. Peterson Financial Group Inc. acquired a new stake in Tesla during the third quarter worth approximately $35,000. Finally, Finley Financial LLC bought a new position in Tesla during the 4th quarter worth $64,000. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 7,000 shares of the company’s 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 transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $37,226,491.76. This represents a 6.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the sale, the director now directly owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40. This trade represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 523,386 shares of company stock worth $195,995,200. Corporate insiders own 20.70% of the company’s stock.

Tesla Price Performance

TSLA stock opened at $293.33 on Friday. 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 has a market cap of $943.49 billion, a price-to-earnings ratio of 143.79, a PEG ratio of 5.86 and a beta of 2.34. The company’s fifty day simple moving average is $385.35 and its 200 day simple moving average is $315.95. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA) last announced its earnings results 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 net margin of 7.26% and a return on equity of 10.31%. On average, analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. StockNews.com downgraded Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Mizuho reiterated an “outperform” rating and set a $515.00 price objective on shares of Tesla in a research note on Thursday, January 30th. Benchmark assumed coverage on shares of Tesla in a research report on Wednesday, February 12th. They issued a “buy” rating and a $475.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada restated a “mixed” rating on shares of Tesla in a research report on Saturday, February 8th. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and an average target price of $318.77.

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.