Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Krane Funds Advisors LLC

Krane Funds Advisors LLC decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 29.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,410 shares of the electric vehicle producer's stock after selling 3,925 shares during the period. Tesla accounts for 0.2% of Krane Funds Advisors LLC's investment portfolio, making the stock its 16th biggest position. Krane Funds Advisors LLC's holdings in Tesla were worth $3,800,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Horrell Capital Management Inc. lifted its stake 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 buying an additional 34 shares during the period. GS Investments Inc. lifted its stake in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of Tesla during the fourth quarter worth $38,000. Delos Wealth Advisors LLC grew 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 valued at $40,000 after purchasing an additional 75 shares during the period. Finally, Cyrus J. Lawrence LLC acquired a new position in Tesla in the fourth quarter valued at $44,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. HSBC lowered their price target on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a report on Thursday, March 27th. Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Glj Research reiterated a "buy" rating on shares of Tesla in a report on Tuesday, March 11th. Cantor Fitzgerald restated an "overweight" rating and set a $425.00 price objective on shares of Tesla in a report on Thursday, April 3rd. Finally, Benchmark reduced their target price on Tesla from $475.00 to $350.00 and set a "buy" rating on the stock in a report on Wednesday. Eight equities research 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $298.59.

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Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction 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 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 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 Tesla 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 completion of the transaction, the director now directly owns 477,011 shares of the company's stock, valued at $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 374,228 shares of company stock valued at $123,791,123. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Down 1.8 %

TSLA traded down $4.54 during trading on Friday, hitting $247.86. The company had a trading volume of 86,480,283 shares, compared to its average volume of 95,727,679. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The company has a market cap of $797.24 billion, a PE ratio of 120.59, a P/E/G ratio of 5.86 and a beta of 2.58. The business has a 50-day moving average of $287.99 and a 200-day moving average of $323.12.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results 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, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current 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.