Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Gladstone Capital Management LLP

Gladstone Capital Management LLP reduced 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 Securities and Exchange Commission. The firm owned 814 shares of the electric vehicle producer's stock after selling 192,288 shares during the period. Tesla makes up approximately 0.0% of Gladstone Capital Management LLP's holdings, making the stock its 23rd largest holding. Gladstone Capital Management LLP's holdings in Tesla were worth $329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Horrell Capital Management Inc. raised its holdings in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. raised its position in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares during the period. CoreFirst Bank & Trust bought a new stake in Tesla in the 4th quarter valued at $38,000. Delos Wealth Advisors LLC increased its holdings in shares of Tesla by 300.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock worth $40,000 after purchasing an additional 75 shares during the period. Finally, Cyrus J. Lawrence LLC acquired a new position in Tesla in the fourth quarter valued at about $44,000. 66.20% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $32,643,400. This represents a 56.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $41,745,581.15. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 370,228 shares of company stock worth $122,791,123 in the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

TSLA has been the subject of several research reports. Glj Research reissued a "buy" rating on shares of Tesla in a research note on Tuesday, March 11th. HSBC decreased their target price on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research report on Thursday, March 27th. Evercore ISI boosted their price objective on Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a report on Friday, January 3rd. Robert W. Baird dropped their price target on Tesla from $440.00 to $370.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Barclays raised their target price on Tesla from $270.00 to $325.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 15th. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $305.31.

Tesla Stock Down 2.6 %

TSLA stock traded down $6.14 during trading on Monday, hitting $233.29. 181,900,757 shares of the company's stock were exchanged, compared to its average volume of 94,623,863. The stock has a market capitalization of $750.38 billion, a price-to-earnings ratio of 114.36, a PEG ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. 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 business has a 50-day moving average price of $305.98 and a two-hundred day moving average price of $324.24.

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, equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

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.