Symmetry Partners LLC Sells 8,091 Shares of Tesla, Inc. (NASDAQ:TSLA)

Symmetry Partners LLC decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 81.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,896 shares of the electric vehicle producer’s stock after selling 8,091 shares during the quarter. Symmetry Partners LLC’s holdings in Tesla were worth $496,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TSLA. AM Investment Strategies LLC boosted its holdings in Tesla by 10.6% during the third quarter. AM Investment Strategies LLC now owns 18,978 shares of the electric vehicle producer’s stock worth $4,965,000 after purchasing an additional 1,825 shares during the last quarter. BluePath Capital Management LLC grew its holdings in shares of Tesla by 16.1% in the third quarter. BluePath Capital Management LLC now owns 18,447 shares of the electric vehicle producer’s stock valued at $4,826,000 after acquiring an additional 2,552 shares in the last quarter. Visionary Horizons LLC purchased a new stake in shares of Tesla during the third quarter valued at approximately $254,000. Creative Capital Management Investments LLC boosted its position in Tesla by 183.4% in the third quarter. Creative Capital Management Investments LLC now owns 4,069 shares of the electric vehicle producer’s stock worth $1,065,000 after purchasing an additional 2,633 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Tesla by 19.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 31,542 shares of the electric vehicle producer’s stock valued at $8,252,000 after purchasing an additional 5,089 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ TSLA traded down $0.87 during midday trading on Friday, hitting $248.98. 57,544,757 shares of the stock traded hands, compared to its average volume of 82,442,504. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a one year low of $138.80 and a one year high of $273.54. The firm has a market capitalization of $799.24 billion, a P/E ratio of 68.21, a PEG ratio of 8.24 and a beta of 2.29. The firm has a 50-day moving average of $234.14 and a two-hundred day moving average of $210.39.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The business 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%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. On average, equities analysts forecast that Tesla, Inc. will post 1.96 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,297 shares of company stock valued at $3,065,866. 20.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Glj Research reissued a “sell” rating and issued a $24.86 price target on shares of Tesla in a report on Thursday, October 17th. Roth Mkm restated a “neutral” rating and set a $85.00 price target on shares of Tesla in a research note on Friday, October 11th. Canaccord Genuity Group increased their target price on Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Argus reaffirmed a “buy” rating and set a $286.00 price target on shares of Tesla in a research note on Friday, July 26th. Finally, Wolfe Research began coverage on Tesla in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $219.45.

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.