Gladstone Capital Management LLP Lowers Stake in Tesla, Inc. (NASDAQ:TSLA)

Gladstone Capital Management LLP lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 99.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 814 shares of the electric vehicle producer's stock after selling 192,288 shares during the quarter. Tesla accounts for about 0.0% of Gladstone Capital Management LLP's holdings, making the stock its 23rd biggest position. Gladstone Capital Management LLP's holdings in Tesla were worth $329,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Horrell Capital Management Inc. lifted its position in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. lifted its position in shares of Tesla by 193.3% during the 4th 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 approximately $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 valued at $40,000 after buying an additional 75 shares during the last quarter. Finally, Cyrus J. Lawrence LLC bought a new position in Tesla in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analysts Set New Price Targets

TSLA has been the topic of a number of research reports. HSBC dropped their target price on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a research report on Thursday, March 27th. JPMorgan Chase & Co. reduced their target price on shares of Tesla from $135.00 to $120.00 and set an "underweight" rating for the company in a research note on Wednesday, March 12th. Glj Research restated a "buy" rating on shares of Tesla in a research note on Tuesday, March 11th. Bank of America reduced their price objective on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Finally, New Street Research upgraded Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective on the stock in a research report on Monday, January 6th. Eight 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $301.40.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred 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 sale, the director now owns 85,000 shares of the company's stock, valued at $32,643,400. The trade was a 56.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 477,011 shares of the company's stock, valued at $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 370,228 shares of company stock worth $122,791,123 over the last three months. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Performance

NASDAQ TSLA traded up $11.07 during trading hours on Wednesday, hitting $232.93. The company's stock had a trading volume of 74,987,309 shares, compared to its average volume of 94,829,938. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The company's 50 day simple moving average is $295.83 and its two-hundred day simple moving average is $323.34. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a market cap of $749.22 billion, a P/E ratio of 114.06, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58.

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%. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

About Tesla

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.