Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Wintrust Investments LLC

Wintrust Investments LLC cut its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 12.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 341 shares of the electric vehicle producer’s stock after selling 47 shares during the quarter. Wintrust Investments LLC’s holdings in Tesla were worth $137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Peterson Financial Group Inc. purchased a new stake in Tesla during the third quarter worth approximately $35,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Tesla during the 4th quarter worth $46,000. Parkworth Wealth Management Inc. acquired a new stake in Tesla in the 4th quarter valued at $47,000. PayPay Securities Corp raised its position in 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 purchasing an additional 69 shares during the period. Finally, Rialto Wealth Management LLC purchased a new stake in shares of Tesla in the fourth quarter worth about $55,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 7.6 %

TSLA opened at $248.09 on Thursday. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The stock has a market capitalization of $797.99 billion, a price-to-earnings ratio of 121.61, a P/E/G ratio of 5.86 and a beta of 2.50. The company has a 50-day simple moving average of $357.29 and a 200 day simple moving average of $319.03.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results 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%. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,672 shares of the business’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 sale, the chief financial officer now owns 26,950 shares of the company’s stock, valued at $7,242,273.50. The trade was a 9.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now directly owns 477,011 shares of the company’s stock, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 477,228 shares of company stock valued at $166,849,043 in the last 90 days. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TSLA. Bank of America reduced their target price on shares of Tesla from $490.00 to $380.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Cowen upgraded shares of Tesla from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Jefferies Financial Group raised their target price on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. New Street Research raised Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price on the stock in a research report on Monday, January 6th. Finally, Truist Financial increased their price target on Tesla from $351.00 to $373.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Nine analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $325.81.

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.