Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,589 shares of the electric vehicle producer's stock after selling 4,599 shares during the period. Tesla accounts for 1.5% of Insigneo Advisory Services LLC's investment portfolio, making the stock its 12th largest position. Insigneo Advisory Services LLC's holdings in Tesla were worth $14,776,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in TSLA. Hengehold Capital Management LLC grew its stake in shares of Tesla by 1.8% in the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after buying an additional 24 shares in the last quarter. Strategic Investment Advisors MI boosted its holdings in Tesla by 0.3% during the 4th quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after acquiring an additional 24 shares during the period. Acropolis Investment Management LLC grew its position in Tesla by 0.9% in the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after acquiring an additional 25 shares in the last quarter. Mount Vernon Associates Inc. MD increased its stake in Tesla by 0.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after purchasing an additional 25 shares during the period. Finally, Vista Finance LLC lifted its position in shares of Tesla by 0.7% during the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TSLA shares. HSBC cut their target price on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a research note on Thursday, March 27th. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research note on Monday, February 10th. Cantor Fitzgerald reissued an "overweight" rating and set a $425.00 target price on shares of Tesla in a research note on Thursday, April 3rd. Bank of America reduced their price target on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Finally, Wedbush lowered their price objective on Tesla from $550.00 to $315.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Nine equities 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. According to MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus target price of $292.18.

Tesla Trading Down 0.2 %

Tesla stock traded down $0.39 during midday trading on Friday, reaching $241.17. The stock had a trading volume of 83,173,157 shares, compared to its average volume of 96,033,445. The stock has a market capitalization of $775.71 billion, a PE ratio of 118.22, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock's 50-day simple moving average is $273.93 and its 200 day simple moving average is $322.72. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results 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 return on equity of 10.31% and a net margin of 7.26%. Analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares in the company, valued at $41,745,581.15. This trade represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $32,643,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 374,228 shares of company stock worth $123,791,123 in the last quarter. 20.70% of the stock is owned by corporate insiders.

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.