United Services Automobile Association Sells 97 Shares of Tesla, Inc. (NASDAQ:TSLA)

United Services Automobile Association lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,194 shares of the electric vehicle producer’s stock after selling 97 shares during the quarter. Tesla makes up 0.9% of United Services Automobile Association’s portfolio, making the stock its 28th biggest position. United Services Automobile Association’s holdings in Tesla were worth $25,924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Swedbank AB lifted its stake in shares of Tesla by 2.8% in the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock valued at $287,457,000 after purchasing an additional 29,669 shares during the period. Principal Financial Group Inc. lifted its position in Tesla by 5.6% during the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer’s stock valued at $955,052,000 after buying an additional 194,796 shares during the period. United Bank bought a new stake in shares of Tesla during the 3rd quarter valued at $287,000. Advisors Asset Management Inc. grew its position in shares of Tesla by 0.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 8,972 shares of the electric vehicle producer’s stock worth $2,347,000 after buying an additional 80 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Tesla by 61.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 115,241 shares of the electric vehicle producer’s stock worth $30,151,000 after acquiring an additional 43,950 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

NASDAQ TSLA opened at $248.71 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The stock has a market cap of $799.98 billion, a price-to-earnings ratio of 121.92, a PEG ratio of 5.86 and a beta of 2.50. The company’s 50 day moving average is $335.19 and its two-hundred day moving average is $321.15.

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

Insider Transactions at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at $32,643,400. This represents a 56.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 sale, the director now directly owns 5,400 shares in the company, valued at $2,222,802. This trade represents a 94.88 % 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 over the last 90 days. Company insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of a number of recent research reports. Mizuho cut their price objective on shares of Tesla from $515.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Bank of America reduced their price objective on Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Canaccord Genuity Group reissued a “buy” rating and issued a $404.00 target price on shares of Tesla in a report on Monday, March 17th. StockNews.com downgraded Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Finally, UBS Group dropped their price target on shares of Tesla from $259.00 to $225.00 and set a “sell” rating on the stock in a research note on Monday, March 10th. Nine equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $318.93.

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.