Agur Provident & Training Funds Management Ltd. Lowers Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Agur Provident & Training Funds Management Ltd. reduced its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 50.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,550 shares of the electric vehicle producer's stock after selling 8,600 shares during the period. Tesla accounts for approximately 1.3% of Agur Provident & Training Funds Management Ltd.'s investment portfolio, making the stock its 17th biggest position. Agur Provident & Training Funds Management Ltd.'s holdings in Tesla were worth $3,452,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $14,420,248,000. Strategic Financial Concepts LLC raised its holdings in Tesla by 36,790.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock valued at $3,497,526,000 after acquiring an additional 8,637,195 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of Tesla by 55,181.0% during the 4th quarter. Proficio Capital Partners LLC now owns 4,382,674 shares of the electric vehicle producer's stock valued at $1,769,899,000 after acquiring an additional 4,374,746 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Tesla by 194.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,486,739 shares of the electric vehicle producer's stock worth $2,215,765,000 after purchasing an additional 3,624,910 shares during the period. Finally, Vanguard Group Inc. lifted its position in Tesla by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock worth $98,211,134,000 after purchasing an additional 3,571,793 shares during the period. 66.20% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TSLA shares. Mizuho decreased their price objective on shares of Tesla from $515.00 to $430.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Stifel Nicolaus lowered their price target on Tesla from $492.00 to $474.00 and set a "buy" rating for the company in a report on Monday, February 10th. Morgan Stanley reduced their price objective on Tesla from $430.00 to $410.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Oppenheimer reissued a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Finally, Piper Sandler decreased their price target on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Nine research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average target price of $318.34.

Tesla Stock Performance

TSLA stock traded down $9.58 during midday trading on Friday, hitting $263.55. The company's stock had a trading volume of 123,100,723 shares, compared to its average volume of 93,218,015. The stock has a market cap of $847.71 billion, a price-to-earnings ratio of 129.19, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock's 50-day moving average price is $321.33 and its 200 day moving average price is $322.34.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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%. On average, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the sale, the chief financial officer now owns 108,965 shares in the company, valued at $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 477,228 shares of company stock worth $166,849,043 over the last quarter. Corporate 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.