Hel Ved Capital Management Ltd Sells 19,096 Shares of Tesla, Inc. (NASDAQ:TSLA)

Hel Ved Capital Management Ltd decreased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 65.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,304 shares of the electric vehicle producer's stock after selling 19,096 shares during the period. Tesla comprises approximately 1.2% of Hel Ved Capital Management Ltd's portfolio, making the stock its 23rd largest position. Hel Ved Capital Management Ltd's holdings in Tesla were worth $4,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSLA. Principal Financial Group Inc. lifted its stake in Tesla by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock valued at $955,052,000 after buying an additional 194,796 shares in the last quarter. United Bank purchased a new stake in Tesla during the 3rd quarter worth $287,000. Quarry LP boosted its stake in shares of Tesla by 184.7% in the third quarter. Quarry LP now owns 689 shares of the electric vehicle producer's stock valued at $180,000 after purchasing an additional 447 shares during the period. Stifel Financial Corp grew its position in shares of Tesla by 4.4% during the third quarter. Stifel Financial Corp now owns 516,398 shares of the electric vehicle producer's stock worth $135,106,000 after buying an additional 21,727 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in Tesla in the third quarter worth about $690,000. Institutional investors and hedge funds own 66.20% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSLA. New Street Research raised Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price target on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on Tesla from $135.00 to $120.00 and set an "underweight" rating on the stock in a research report on Wednesday, March 12th. The Goldman Sachs Group dropped their price target on shares of Tesla from $320.00 to $275.00 and set a "neutral" rating on the stock in a research report on Thursday. UBS Group dropped their price objective on shares of Tesla from $259.00 to $225.00 and set a "sell" rating on the stock in a report on Monday, March 10th. Finally, Wells Fargo & Company lowered their price objective on Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Eight research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $305.31.

Tesla Price Performance

TSLA traded down $6.14 on Monday, reaching $233.29. The company had a trading volume of 181,900,757 shares, compared to its average volume of 94,623,719. 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 company has a fifty day moving average of $305.98 and a 200-day moving average of $324.24. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a market capitalization of $750.38 billion, a P/E ratio of 114.36, a PEG ratio of 5.86 and a beta of 2.58.

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

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $383.11, for a total value of $2,681,770.00. Following the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $41,745,581.15. This represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 85,000 shares of the company's stock, valued at $32,643,400. This trade represents a 56.94 % 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 owned by company insiders.

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.