Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Creative Capital Management Investments LLC

Creative Capital Management Investments LLC cut its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,762 shares of the electric vehicle producer's stock after selling 1,307 shares during the quarter. Tesla comprises 0.5% of Creative Capital Management Investments LLC's holdings, making the stock its 18th biggest position. Creative Capital Management Investments LLC's holdings in Tesla were worth $1,115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLA. World Investment Advisors LLC raised its holdings in shares of Tesla by 1,248.9% during the 3rd quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock valued at $52,124,000 after purchasing an additional 184,459 shares in the last quarter. Destination Wealth Management grew its position in Tesla by 12.1% in the 3rd quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock worth $3,296,000 after purchasing an additional 1,359 shares during the last quarter. Stephens Consulting LLC boosted its position in shares of Tesla by 126.7% during the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after acquiring an additional 891 shares in the last quarter. Vinva Investment Management Ltd boosted its position in shares of Tesla by 59.2% during the 3rd quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer's stock valued at $30,593,000 after acquiring an additional 43,685 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in Tesla by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock valued at $80,944,000 after purchasing an additional 9,919 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TSLA shares. The Goldman Sachs Group reaffirmed a "cautious" rating on shares of Tesla in a research note on Monday, February 10th. Robert W. Baird dropped their target price on shares of Tesla from $480.00 to $440.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Jefferies Financial Group boosted their target price on shares of Tesla from $195.00 to $300.00 and gave the stock a "hold" rating in a research note on Thursday, November 14th. Bank of America cut shares of Tesla from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. Finally, Roth Mkm upgraded shares of Tesla from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Ten investment analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $319.57.

Tesla Stock Performance

Shares of TSLA stock traded down $7.27 during mid-day trading on Monday, reaching $330.53. The stock had a trading volume of 75,170,798 shares, compared to its average volume of 75,419,188. The business's fifty day moving average is $400.17 and its 200-day moving average is $314.04. 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 has a market cap of $1.06 trillion, a price-to-earnings ratio of 162.03, a PEG ratio of 5.86 and a beta of 2.34. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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%. On average, research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $37,226,491.76. The trade was a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the director now directly owns 5,400 shares of the company's stock, 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. Over the last 90 days, insiders have sold 523,386 shares of company stock worth $195,995,200. 20.70% of the stock is owned by corporate insiders.

Tesla 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.