Mill Creek Capital Advisors LLC Sells 4,003 Shares of Tesla, Inc. (NASDAQ:TSLA)

Mill Creek Capital Advisors LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,475 shares of the electric vehicle producer's stock after selling 4,003 shares during the period. Mill Creek Capital Advisors LLC's holdings in Tesla were worth $8,672,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Tesla by 35,611.2% in the third quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock worth $2,892,160,000 after purchasing an additional 11,023,436 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Tesla by 36,790.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock worth $3,497,526,000 after purchasing an additional 8,637,195 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Tesla by 194.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,486,739 shares of the electric vehicle producer's stock valued at $2,215,765,000 after acquiring an additional 3,624,910 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 period. Finally, Wellington Management Group LLP lifted its holdings in Tesla by 52.0% during the third quarter. Wellington Management Group LLP now owns 7,344,526 shares of the electric vehicle producer's stock worth $1,921,548,000 after acquiring an additional 2,511,488 shares during the period. Institutional investors own 66.20% of the company's stock.

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Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was 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 owns 105,032 shares of the company's stock, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value 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 approximately $30,095,100. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 523,386 shares of company stock worth $195,995,200. 20.70% of the stock is currently owned by corporate insiders.

Tesla Price Performance

Tesla stock traded down $1.20 during midday trading on Tuesday, hitting $354.65. 27,747,998 shares of the company's stock were exchanged, 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 stock has a 50-day moving average price of $405.64 and a two-hundred day moving average price of $309.75. 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 has a market cap of $1.14 trillion, a P/E ratio of 173.83, a PEG ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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%. On average, equities research analysts forecast that Tesla, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Evercore ISI lifted their price target on Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a report on Friday, January 3rd. Wedbush lifted their price target on Tesla from $515.00 to $550.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price target on Tesla from $130.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. Canaccord Genuity Group lifted their price target on Tesla from $298.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, UBS Group lifted their price target on Tesla from $226.00 to $259.00 and gave the stock a "sell" rating in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Tesla has an average rating of "Hold" and an average target price of $326.50.

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.