Daymark Wealth Partners LLC Sells 1,903 Shares of Tesla, Inc. (NASDAQ:TSLA)

Daymark Wealth Partners LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,800 shares of the electric vehicle producer's stock after selling 1,903 shares during the period. Daymark Wealth Partners LLC's holdings in Tesla were worth $12,034,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TSLA. Transcendent Capital Group LLC acquired a new stake in shares of Tesla during the third quarter valued at about $29,000. Clean Yield Group grew its stake in Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after purchasing an additional 48 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in Tesla during the 3rd quarter worth approximately $35,000. M&R Capital Management Inc. boosted its stake in shares of Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 100 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Tesla during the second quarter worth approximately $48,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insiders Place Their Bets

In other news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the transaction, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's 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 completion of the sale, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 617,886 shares of company stock valued at $212,451,751 over the last ninety days. Corporate insiders own 20.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on TSLA shares. Evercore ISI increased their price objective on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research note on Friday, January 3rd. Morgan Stanley boosted their price target on Tesla from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Monday, January 13th. HSBC reaffirmed a "reduce" rating and issued a $124.00 price objective on shares of Tesla in a report on Friday, October 11th. Barclays raised their price target on shares of Tesla from $270.00 to $325.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 15th. Finally, UBS Group upped their target price on Tesla from $197.00 to $226.00 and gave the company a "sell" rating in a report on Monday, November 25th. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $313.84.

Tesla Stock Down 1.4 %

Shares of NASDAQ TSLA traded down $5.80 during mid-day trading on Friday, reaching $406.58. The company had a trading volume of 56,102,963 shares, compared to its average volume of 67,394,624. The stock has a fifty day moving average of $398.82 and a two-hundred day moving average of $294.03. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a market capitalization of $1.31 trillion, a price-to-earnings ratio of 111.39, a PEG ratio of 8.42 and a beta of 2.30. 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 (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The firm 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 revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. As a group, equities research analysts expect that Tesla, Inc. will post 2.01 EPS for the current 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.