Grantham Mayo Van Otterloo & Co. LLC Has $1.48 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Grantham Mayo Van Otterloo & Co. LLC trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 35.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,665 shares of the electric vehicle producer's stock after selling 2,039 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Tesla were worth $1,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Horrell Capital Management Inc. raised its holdings in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. raised its stake in Tesla by 193.3% during the 4th 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 purchased a new stake in shares of Tesla in the fourth quarter valued at $38,000. Delos Wealth Advisors LLC boosted its position in shares of Tesla by 300.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock worth $40,000 after buying an additional 75 shares during the period. Finally, Cyrus J. Lawrence LLC purchased a new position in shares of Tesla during the fourth quarter valued at $44,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, February 3rd. The shares were 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 owns 85,000 shares in the company, valued at $32,643,400. This trade represents a 56.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 completion of the transaction, the chief financial officer now owns 108,965 shares of the company's stock, valued at $41,745,581.15. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 374,228 shares of company stock worth $123,791,123 over the last quarter. Company insiders own 20.70% of the company's stock.

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Analyst Upgrades and Downgrades

TSLA has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Monday, February 10th. Royal Bank of Canada dropped their price target on shares of Tesla from $440.00 to $320.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. Bank of America cut their price objective on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, New Street Research upgraded Tesla from a "neutral" rating to a "buy" rating and set a $460.00 target price on the stock in a research note on Monday, January 6th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus price target of $298.59.

Tesla Stock Performance

Shares of NASDAQ TSLA traded down $5.50 during trading hours on Friday, reaching $246.90. The stock had a trading volume of 66,898,954 shares, compared to its average volume of 95,656,070. The company has a market cap of $794.16 billion, a price-to-earnings ratio of 119.61, a PEG ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The business's fifty day moving average is $287.99 and its two-hundred day moving average is $323.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

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 (EPS) 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%. As a group, research analysts expect that Tesla, Inc. will post 2.56 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.