Tesla, Inc. (NASDAQ:TSLA) Position Lessened by jvl associates llc

jvl associates llc lowered its position in Tesla, Inc. (NASDAQ:TSLA) by 16.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,128 shares of the electric vehicle producer’s stock after selling 219 shares during the quarter. jvl associates llc’s holdings in Tesla were worth $456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Cozad Asset Management Inc. lifted its stake in shares of Tesla by 3.5% in the 2nd quarter. Cozad Asset Management Inc. now owns 4,462 shares of the electric vehicle producer’s stock valued at $883,000 after purchasing an additional 151 shares during the last quarter. Stablepoint Partners LLC grew its holdings in Tesla by 12.9% during the second quarter. Stablepoint Partners LLC now owns 9,291 shares of the electric vehicle producer’s stock valued at $1,839,000 after purchasing an additional 1,060 shares during the last quarter. Mattern Capital Management LLC lifted its stake in shares of Tesla by 13.9% in the second quarter. Mattern Capital Management LLC now owns 5,919 shares of the electric vehicle producer’s stock worth $1,171,000 after buying an additional 724 shares during the last quarter. Vance Wealth Inc. raised its holdings in Tesla by 21.8% in the 2nd quarter. Vance Wealth Inc. now owns 9,824 shares of the electric vehicle producer’s stock worth $1,944,000 after acquiring an additional 1,757 shares during the period. Finally, FineMark National Bank & Trust boosted its stake in Tesla by 1.4% during the 2nd quarter. FineMark National Bank & Trust now owns 11,956 shares of the electric vehicle producer’s stock valued at $2,366,000 after purchasing an additional 162 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the sale, the director now directly owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 514,886 shares of company stock worth $169,393,831 over the last three months. Company insiders own 20.70% of the company’s stock.

Tesla Price Performance

TSLA stock traded up $25.30 during mid-day trading on Friday, hitting $404.58. The stock had a trading volume of 63,032,609 shares, compared to its average volume of 85,397,766. The firm has a fifty day simple moving average of $359.54 and a 200 day simple moving average of $271.59. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.30 trillion, a P/E ratio of 110.84, a P/E/G ratio of 10.80 and a beta of 2.36.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. As a group, research analysts forecast that Tesla, Inc. will post 1.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TSLA shares. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and increased their price objective for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. HSBC reiterated a “reduce” rating and issued a $124.00 price target on shares of Tesla in a research report on Friday, October 11th. Barclays lifted their target price on shares of Tesla from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Wells Fargo & Company raised their price target on Tesla from $120.00 to $125.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein reissued an “underperform” rating and set a $120.00 price objective on shares of Tesla in a report on Thursday, October 3rd. Nine investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $283.39.

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.