Menora Mivtachim Holdings LTD. Sells 17,592 Shares of Tesla, Inc. (NASDAQ:TSLA)

Menora Mivtachim Holdings LTD. decreased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 530,254 shares of the electric vehicle producer's stock after selling 17,592 shares during the quarter. Tesla comprises approximately 1.3% of Menora Mivtachim Holdings LTD.'s investment portfolio, making the stock its 24th biggest position. Menora Mivtachim Holdings LTD.'s holdings in Tesla were worth $214,138,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TSLA. Hengehold Capital Management LLC increased its stake in 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 acquiring an additional 24 shares during the last quarter. Strategic Investment Advisors MI raised its holdings in shares of Tesla by 0.3% during the 4th quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock worth $2,823,000 after buying an additional 24 shares in the last quarter. Acropolis Investment Management LLC lifted its position in shares of Tesla by 0.9% during the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock worth $1,136,000 after buying an additional 25 shares during the last quarter. Mount Vernon Associates Inc. MD grew its position in Tesla by 0.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock valued at $2,950,000 after acquiring an additional 25 shares during the last quarter. Finally, Vista Finance LLC raised its stake in 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 acquiring an additional 25 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

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Insider Buying and Selling

In other Tesla news, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the sale, the director now directly owns 1,463,220 shares in the company, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the company's 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 in the company, valued at approximately $41,745,581.15. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 374,228 shares of company stock worth $123,791,123 in the last three months. Insiders own 20.70% of the company's stock.

Tesla Trading Up 0.7 %

NASDAQ:TSLA traded up $1.76 during midday trading on Tuesday, reaching $254.11. 78,792,804 shares of the stock traded hands, compared to its average volume of 95,936,384. The company has a fifty day moving average of $280.27 and a 200 day moving average of $323.03. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The stock has a market capitalization of $817.35 billion, a P/E ratio of 124.56, a PEG 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.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 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%. On average, research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Benchmark cut their target price on shares of Tesla from $475.00 to $350.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Cantor Fitzgerald reiterated an "overweight" rating and set a $425.00 price target on shares of Tesla in a report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price objective on Tesla from $135.00 to $120.00 and set an "underweight" rating on the stock in a report on Wednesday, March 12th. Finally, Morgan Stanley reduced their price objective on Tesla from $430.00 to $410.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Eight 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $298.59.

Tesla Company 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.