Curbstone Financial Management Corp Sells 260 Shares of Tesla, Inc. (NASDAQ:TSLA)

Curbstone Financial Management Corp reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,536 shares of the electric vehicle producer’s stock after selling 260 shares during the quarter. Curbstone Financial Management Corp’s holdings in Tesla were worth $620,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC bought a new position in Tesla during the third quarter worth about $29,000. Clean Yield Group lifted its position in shares of Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after buying an additional 48 shares during the last quarter. Peterson Financial Group Inc. bought a new position in shares of Tesla during the 3rd quarter worth approximately $35,000. Quarry LP bought a new stake in Tesla in the 2nd quarter valued at $48,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in Tesla by 692.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $404.60 on Friday. The stock’s 50-day moving average is $403.18 and its 200-day moving average is $297.99. Tesla, Inc. has a 1-year low of $138.80 and a 1-year 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 stock has a market cap of $1.30 trillion, a P/E ratio of 198.33, a price-to-earnings-growth ratio of 8.08 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last posted 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 return on equity of 10.54% and a net margin of 7.26%. Equities research analysts anticipate that Tesla, Inc. will post 2.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Glj Research reissued a “sell” rating and issued a $24.86 price objective on shares of Tesla in a research report on Friday, January 3rd. Evercore ISI raised their price objective on shares of Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research report on Friday, January 3rd. Bank of America downgraded Tesla from a “buy” rating to a “neutral” rating and upped their target price for the company from $400.00 to $490.00 in a research report on Tuesday, January 7th. Oppenheimer restated a “market perform” rating on shares of Tesla in a research note on Tuesday, October 8th. Finally, Robert W. Baird decreased their price objective on Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $318.31.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction 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. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 553,386 shares of company stock worth $196,305,796 over the last three months. Company insiders own 20.70% of the company’s stock.

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.