Edmond DE Rothschild Holding S.A. Has $6.15 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Edmond DE Rothschild Holding S.A. reduced its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,238 shares of the electric vehicle producer's stock after selling 3,549 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Tesla were worth $6,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in shares of Tesla by 5.6% in the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock worth $955,052,000 after acquiring an additional 194,796 shares during the last quarter. United Bank bought a new position in Tesla in the 3rd quarter worth approximately $287,000. Quantbot Technologies LP acquired a new position in Tesla during the 3rd quarter worth $687,000. Cobblestone Capital Advisors LLC NY bought a new position in Tesla in the 3rd quarter valued at $246,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Tesla in the 3rd quarter valued at $875,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. 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 report on Monday. Robert W. Baird cut their price objective on shares of Tesla from $440.00 to $370.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Benchmark began coverage on shares of Tesla in a report on Wednesday, February 12th. They set a "buy" rating and a $475.00 target price for the company. JPMorgan Chase & Co. cut their price target on Tesla from $135.00 to $120.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 12th. Finally, TD Cowen raised Tesla from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $180.00 to $388.00 in a research note on Friday, March 7th. Eight equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $312.65.

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Tesla Stock Down 8.8 %

NASDAQ TSLA traded down $23.56 during trading hours on Friday, hitting $243.72. 84,469,081 shares of the company traded hands, compared to its average volume of 94,242,103. The stock has a market capitalization of $783.93 billion, a price-to-earnings ratio of 119.25, a P/E/G ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The business's 50-day moving average is $309.32 and its 200-day moving average is $322.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last released 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%. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity

In other Tesla news, 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 of the company's stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 477,228 shares of company stock valued at $166,849,043 in the last quarter. Company insiders own 20.70% of the company's stock.

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.