MADDEN SECURITIES Corp Sells 2,070 Shares of Tesla, Inc. (NASDAQ:TSLA)

MADDEN SECURITIES Corp reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,165 shares of the electric vehicle producer's stock after selling 2,070 shares during the quarter. Tesla accounts for 1.8% of MADDEN SECURITIES Corp's portfolio, making the stock its 14th largest position. MADDEN SECURITIES Corp's holdings in Tesla were worth $4,509,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pachira Investments Inc. boosted its stake in shares of Tesla by 4.3% in the fourth quarter. Pachira Investments Inc. now owns 1,068 shares of the electric vehicle producer's stock valued at $446,000 after purchasing an additional 44 shares during the period. Sapient Capital LLC boosted its stake in shares of Tesla by 0.4% in the fourth quarter. Sapient Capital LLC now owns 12,054 shares of the electric vehicle producer's stock valued at $4,868,000 after purchasing an additional 50 shares during the period. Panoramic Capital Partners LLC purchased a new position in shares of Tesla in the fourth quarter valued at $362,000. International Private Wealth Advisors LLC boosted its stake in shares of Tesla by 22.6% in the fourth quarter. International Private Wealth Advisors LLC now owns 1,108 shares of the electric vehicle producer's stock valued at $447,000 after purchasing an additional 204 shares during the period. Finally, Arlington Trust Co LLC raised its holdings in Tesla by 20.0% in the fourth quarter. Arlington Trust Co LLC now owns 690 shares of the electric vehicle producer's stock valued at $279,000 after acquiring an additional 115 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barclays upped their price target on shares of Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a report on Wednesday, January 15th. Bank of America cut shares of Tesla from a "buy" rating to a "neutral" rating and upped their price target for the company from $400.00 to $490.00 in a report on Tuesday, January 7th. Stifel Nicolaus cut their price target on shares of Tesla from $492.00 to $474.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $365.00 price target on shares of Tesla in a report on Wednesday, January 29th. Finally, Mizuho reissued an "outperform" rating and set a $515.00 target price on shares of Tesla in a report on Thursday, January 30th. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $326.50.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $1.20 during trading hours on Tuesday, hitting $354.65. 27,747,998 shares of the company's stock traded hands, compared to its average volume of 75,893,945. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. 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 company's fifty day simple moving average is $405.64 and its two-hundred day simple moving average is $309.75. The company has a market cap of $1.14 trillion, a price-to-earnings ratio of 173.83, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its 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 return on equity of 10.31% and a net margin of 7.26%. As a group, equities analysts anticipate that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $37,226,491.76. This represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the sale, the director now directly owns 85,000 shares of the company's stock, valued at $30,095,100. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock valued at $195,995,200 over the last three months. 20.70% of the stock is owned by corporate 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.