Anchor Investment Management LLC Sells 1,512 Shares of Tesla, Inc. (NASDAQ:TSLA)

Anchor Investment Management LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,396 shares of the electric vehicle producer's stock after selling 1,512 shares during the quarter. Anchor Investment Management LLC's holdings in Tesla were worth $3,391,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Horrell Capital Management Inc. lifted its stake in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. grew its holdings in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in Tesla during the 4th quarter valued at $38,000. Delos Wealth Advisors LLC grew its holdings in Tesla by 300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock worth $40,000 after acquiring an additional 75 shares during the last quarter. Finally, Cyrus J. Lawrence LLC purchased a new stake in shares of Tesla during the fourth quarter worth about $44,000. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $32,643,400. This represents a 56.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction dated 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 in the company, valued at $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 374,228 shares of company stock valued at $123,791,123. 20.70% of the stock is owned by company insiders.

Tesla Stock Performance

NASDAQ:TSLA traded down $0.39 during trading hours on Friday, reaching $241.17. The company had a trading volume of 83,173,157 shares, compared to its average volume of 95,997,504. The firm has a market cap of $775.71 billion, a price-to-earnings ratio of 118.22, a PEG ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm's 50 day moving average price is $273.93 and its 200-day moving average price is $322.21.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results 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, analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. TD Cowen upgraded Tesla from a "hold" rating to a "buy" rating and increased their price objective for the stock from $180.00 to $388.00 in a report on Friday, March 7th. Morgan Stanley reduced their price objective on shares of Tesla from $430.00 to $410.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Robert W. Baird dropped their target price on shares of Tesla from $440.00 to $370.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Stifel Nicolaus cut their target price on shares of Tesla from $474.00 to $455.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Wells Fargo & Company decreased their price target on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Nine equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $292.18.

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.