Vestmark Advisory Solutions Inc. Sells 7,209 Shares of Tesla, Inc. (NASDAQ:TSLA)

Vestmark Advisory Solutions Inc. decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 8.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 79,953 shares of the electric vehicle producer’s stock after selling 7,209 shares during the period. Tesla comprises 1.1% of Vestmark Advisory Solutions Inc.’s portfolio, making the stock its 14th biggest position. Vestmark Advisory Solutions Inc.’s holdings in Tesla were worth $32,288,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Barn Wealth LLC lifted its position in shares of Tesla by 2.0% in the fourth quarter. Blue Barn Wealth LLC now owns 1,892 shares of the electric vehicle producer’s stock worth $764,000 after purchasing an additional 37 shares in the last quarter. Opulen Financial Group LLC bought a new stake in Tesla during the 4th quarter worth about $394,000. Ethos Financial Group LLC boosted its stake in shares of Tesla by 331.3% during the 4th quarter. Ethos Financial Group LLC now owns 4,986 shares of the electric vehicle producer’s stock worth $2,014,000 after buying an additional 3,830 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Tesla by 5.3% in the 4th quarter. Lindbrook Capital LLC now owns 15,839 shares of the electric vehicle producer’s stock valued at $6,396,000 after acquiring an additional 793 shares in the last quarter. Finally, Carmel Capital Partners LLC increased its position in shares of Tesla by 3.1% in the fourth quarter. Carmel Capital Partners LLC now owns 11,075 shares of the electric vehicle producer’s stock valued at $4,473,000 after acquiring an additional 338 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $263.45 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 stock has a market capitalization of $847.39 billion, a PE ratio of 129.14, a PEG ratio of 5.86 and a beta of 2.50. The firm has a 50 day moving average of $371.15 and a 200-day moving average of $317.75. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSLA. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, December 9th. UBS Group reiterated a “neutral” rating on shares of Tesla in a research note on Tuesday. Wells Fargo & Company boosted their price objective on shares of Tesla from $125.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, January 30th. Finally, Wedbush reiterated an “outperform” rating on shares of Tesla in a research note on Friday. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $313.15.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at $32,643,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 422,452 shares of company stock valued at $153,659,530 over the last ninety days. 20.70% of the stock is owned by corporate insiders.

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.