Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 314,784 shares of the electric vehicle producer's stock after selling 6,887 shares during the quarter. Janney Montgomery Scott LLC's holdings in Tesla were worth $127,123,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Tesla by 1.8% during the third quarter. Geode Capital Management LLC now owns 59,356,401 shares of the electric vehicle producer's stock valued at $15,469,792,000 after purchasing an additional 1,022,589 shares during the last quarter. FMR LLC grew its position in Tesla by 3.5% in the third quarter. FMR LLC now owns 24,741,075 shares of the electric vehicle producer's stock worth $6,473,008,000 after acquiring an additional 828,308 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Tesla by 13.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock worth $6,377,970,000 after acquiring an additional 2,946,763 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Tesla by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,545,824 shares of the electric vehicle producer's stock valued at $4,328,884,000 after purchasing an additional 301,968 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Tesla by 11.9% in the 3rd quarter. Jennison Associates LLC now owns 12,201,212 shares of the electric vehicle producer's stock worth $3,192,203,000 after purchasing an additional 1,294,093 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $374.21, for a total value of $975,191.26. Following the completion of the sale, the chief financial officer now owns 108,965 shares in the company, valued at approximately $40,775,792.65. This represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 617,886 shares of company stock worth $212,451,751. Corporate insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Tesla from $295.00 to $370.00 and gave the company a "buy" rating in a report on Monday, December 9th. Robert W. Baird raised their target price on shares of Tesla from $280.00 to $480.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th. Canaccord Genuity Group lifted their price target on shares of Tesla from $298.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Phillip Securities downgraded shares of Tesla from a "moderate sell" rating to a "strong sell" rating in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group upped their target price on Tesla from $254.00 to $278.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $313.84.

Tesla Trading Down 1.4 %

TSLA traded down $5.80 during mid-day trading on Friday, hitting $406.58. 56,102,963 shares of the stock were exchanged, compared to its average volume of 67,394,624. The company has a market cap of $1.31 trillion, a PE ratio of 111.39, a PEG ratio of 8.42 and a beta of 2.30. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The firm's fifty day moving average is $398.82 and its two-hundred day moving average is $294.03. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. Equities analysts forecast that Tesla, Inc. will post 2.01 earnings per share for the current fiscal year.

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.