OMC Financial Services LTD Sells 628 Shares of Tesla, Inc. (NASDAQ:TSLA)

OMC Financial Services LTD lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,231 shares of the electric vehicle producer’s stock after selling 628 shares during the quarter. Tesla makes up 0.9% of OMC Financial Services LTD’s holdings, making the stock its 26th biggest holding. OMC Financial Services LTD’s holdings in Tesla were worth $2,112,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Wedge Capital Management L L P NC grew its stake in shares of Tesla by 18.2% during the third quarter. Wedge Capital Management L L P NC now owns 2,489 shares of the electric vehicle producer’s stock worth $651,000 after buying an additional 384 shares during the last quarter. Creative Planning grew its stake in shares of Tesla by 28.3% in the third quarter. Creative Planning now owns 896,484 shares of the electric vehicle producer’s stock worth $221,677,000 after purchasing an additional 197,839 shares during the last quarter. Swedbank AB grew its stake in shares of Tesla by 2.8% in the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after purchasing an additional 29,669 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of Tesla by 19.0% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,700 shares of the electric vehicle producer’s stock worth $3,584,000 after purchasing an additional 2,190 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its stake in shares of Tesla by 59.9% in the third quarter. Wolff Wiese Magana LLC now owns 3,135 shares of the electric vehicle producer’s stock worth $820,000 after purchasing an additional 1,175 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, Director Kimbal Musk sold 75,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the sale, the director now directly owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. This represents a 4.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $374.21, for a total transaction of $975,191.26. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $40,775,792.65. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 523,386 shares of company stock valued at $195,995,200. Corporate insiders own 20.70% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of several analyst reports. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $85.00 to $380.00 in a research note on Monday, December 2nd. 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. Bank of America cut shares of Tesla from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $400.00 to $490.00 in a research note on Tuesday, January 7th. Evercore ISI boosted their target price on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group boosted their target price on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $326.50.

Tesla Trading Up 5.8 %

TSLA opened at $355.94 on Friday. 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 fifty-two week low of $138.80 and a fifty-two week high of $488.54. The firm has a market capitalization of $1.14 trillion, a PE ratio of 174.48, a P/E/G ratio of 6.22 and a beta of 2.34. The company’s 50-day moving average is $407.25 and its 200 day moving average is $306.44.

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 10.31% and a net margin of 7.26%. As a group, research analysts predict that Tesla, Inc. will post 2.54 earnings per share for the current fiscal year.

Tesla 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.