Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Fairscale Capital LLC

Fairscale Capital LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,216 shares of the electric vehicle producer’s stock after selling 92 shares during the quarter. Tesla accounts for approximately 1.8% of Fairscale Capital LLC’s holdings, making the stock its 11th biggest holding. Fairscale Capital LLC’s holdings in Tesla were worth $2,106,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in shares of Tesla during the fourth quarter worth about $261,000. Bell Investment Advisors Inc grew its stake in Tesla by 1.3% during the 4th quarter. Bell Investment Advisors Inc now owns 2,339 shares of the electric vehicle producer’s stock valued at $945,000 after purchasing an additional 30 shares in the last quarter. SLT Holdings LLC purchased a new stake in Tesla during the 4th quarter worth approximately $1,932,000. Sound View Wealth Advisors Group LLC raised its position in shares of Tesla by 2.2% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 44,481 shares of the electric vehicle producer’s stock valued at $17,963,000 after purchasing an additional 969 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. boosted its stake in shares of Tesla by 4.2% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 1,247 shares of the electric vehicle producer’s stock valued at $504,000 after buying an additional 50 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on TSLA. Glj Research restated a “sell” rating and issued a $24.86 price target on shares of Tesla in a research note on Wednesday, February 12th. Evercore ISI upped their target price on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research note on Friday, January 3rd. Benchmark assumed coverage on Tesla in a research note on Wednesday, February 12th. They issued a “buy” rating and a $475.00 price target for the company. New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective on the stock in a research note on Monday, January 6th. Finally, UBS Group reiterated a “neutral” rating on shares of Tesla in a research report on Tuesday, March 4th. Nine analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $327.37.

Tesla Price Performance

NASDAQ TSLA opened at $262.67 on Monday. The firm has a market capitalization of $844.88 billion, a PE ratio of 128.76, a P/E/G ratio of 5.86 and a beta of 2.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company’s 50 day simple moving average is $367.78 and its 200 day simple moving average is $319.38.

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

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,672 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $7,242,273.50. This represents a 9.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at $2,222,802. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 422,452 shares of company stock worth $153,659,530. Corporate insiders own 20.70% of the company’s stock.

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.