Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 38.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,365 shares of the electric vehicle producer's stock after selling 10,039 shares during the quarter. Blue Trust Inc.'s holdings in Tesla were worth $6,609,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TSLA. International Assets Investment Management LLC raised its holdings in shares of Tesla by 35,611.2% in the third quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock valued at $2,892,160,000 after acquiring an additional 11,023,436 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of 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 purchasing an additional 8,637,195 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Tesla by 194.7% in the 4th 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Tesla by 13.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock valued at $6,377,970,000 after purchasing an additional 2,946,763 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Tesla by 52.0% during the third quarter. Wellington Management Group LLP now owns 7,344,526 shares of the electric vehicle producer's stock valued at $1,921,548,000 after buying an additional 2,511,488 shares during the period. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the sale, the director now owns 85,000 shares of the company's stock, valued at $30,095,100. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kimbal Musk sold 75,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the sale, the director now owns 1,463,220 shares of the company's stock, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 523,386 shares of company stock valued at $195,995,200. 20.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TSLA has been the topic of several recent research reports. Stifel Nicolaus dropped their target price on Tesla from $492.00 to $474.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $365.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Mizuho reiterated an "outperform" rating and issued a $515.00 target price on shares of Tesla in a report on Thursday, January 30th. Piper Sandler raised their price target on shares of Tesla from $315.00 to $500.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $440.00 price objective on shares of Tesla in a research note on Thursday, January 30th. Nine research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Tesla has an average rating of "Hold" and an average price target of $326.50.

Tesla Stock Performance

Shares of NASDAQ TSLA traded down $16.60 during midday trading on Friday, reaching $337.80. 73,720,762 shares of the stock were exchanged, compared to its average volume of 75,434,742. 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 firm has a 50-day simple moving average of $400.17 and a two-hundred day simple moving average of $312.40. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The firm has a market cap of $1.09 trillion, a price-to-earnings ratio of 165.59, a PEG ratio of 5.97 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data 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 net margin of 7.26% and a return on equity of 10.31%. As a group, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.