Himension Capital Singapore PTE. LTD. Cuts Stake in Tesla, Inc. (NASDAQ:TSLA)

Himension Capital Singapore PTE. LTD. reduced its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 43.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,897 shares of the electric vehicle producer's stock after selling 114,406 shares during the period. Tesla makes up about 4.1% of Himension Capital Singapore PTE. LTD.'s investment portfolio, making the stock its 8th biggest holding. Himension Capital Singapore PTE. LTD.'s holdings in Tesla were worth $59,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MIG Capital LLC purchased a new position in Tesla during the fourth quarter valued at approximately $311,000. Quadrant Capital Group LLC lifted its stake in Tesla by 9.8% during the fourth quarter. Quadrant Capital Group LLC now owns 31,493 shares of the electric vehicle producer's stock worth $12,718,000 after purchasing an additional 2,801 shares during the period. Cascades Capital Asset Management LLC grew its holdings in shares of Tesla by 3.7% in the 4th quarter. Cascades Capital Asset Management LLC now owns 1,392 shares of the electric vehicle producer's stock worth $562,000 after purchasing an additional 50 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co increased its stake in shares of Tesla by 35.5% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 420,000 shares of the electric vehicle producer's stock valued at $169,613,000 after buying an additional 110,000 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Tesla by 19.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,505,834 shares of the electric vehicle producer's stock worth $611,856,000 after buying an additional 242,723 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

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Analyst Ratings Changes

TSLA has been the topic of several research analyst reports. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price target on the stock in a research note on Monday, January 6th. Morgan Stanley lowered their price objective on shares of Tesla from $430.00 to $410.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. HSBC reduced their target price on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a report on Thursday, March 27th. JPMorgan Chase & Co. lowered their price objective on Tesla from $135.00 to $120.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. Finally, UBS Group decreased their price objective on Tesla from $259.00 to $225.00 and set a "sell" rating for the company in a report on Monday, March 10th. Eight investment 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Tesla presently has an average rating of "Hold" and an average price target of $305.31.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,672 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the sale, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $7,242,273.50. This represents a 9.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now directly 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. In the last 90 days, insiders sold 370,228 shares of company stock valued at $122,791,123. Insiders own 20.70% of the company's stock.

Tesla Stock Down 2.6 %

Shares of TSLA traded down $6.14 during mid-day trading on Monday, reaching $233.29. 181,900,757 shares of the stock traded hands, compared to its average volume of 94,622,735. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The firm has a market cap of $750.38 billion, a price-to-earnings ratio of 114.36, a P/E/G ratio of 5.86 and a beta of 2.58. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $305.98 and a 200 day simple moving average of $324.24.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. Sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal 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.