Tesla, Inc. (NASDAQ:TSLA) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,276 shares of the electric vehicle producer's stock after selling 7,054 shares during the period. OneDigital Investment Advisors LLC's holdings in Tesla were worth $15,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hengehold Capital Management LLC increased its holdings in shares of Tesla by 1.8% during 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 in the last quarter. Strategic Investment Advisors MI grew its position in 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 purchasing an additional 24 shares during the last quarter. Acropolis Investment Management LLC increased its stake in Tesla by 0.9% during the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after purchasing an additional 25 shares in the last quarter. Mount Vernon Associates Inc. MD raised its holdings in shares of 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 worth $2,950,000 after buying an additional 25 shares during the last quarter. Finally, Vista Finance LLC lifted its stake in shares of 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 buying an additional 25 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company's stock, valued at $41,745,581.15. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the business's 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 sale, the director now owns 477,011 shares in the company, valued at approximately $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. Insiders sold a total of 374,228 shares of company stock valued at $123,791,123 in the last 90 days. Company insiders own 20.70% of the company's stock.

Tesla Price Performance

Shares of Tesla stock traded up $8.77 on Thursday, hitting $259.51. 93,346,579 shares of the company were exchanged, compared to its average volume of 96,188,597. The company has a 50-day moving average price of $267.29 and a 200 day moving average price of $322.05. The stock has a market capitalization of $834.72 billion, a price-to-earnings ratio of 127.21, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $157.51 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the firm posted $0.45 EPS. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of research analyst reports. Benchmark restated a "buy" rating and issued a $350.00 target price on shares of Tesla in a research note on Wednesday. Truist Financial decreased their target price on Tesla from $373.00 to $280.00 and set a "hold" rating for the company in a report on Thursday, April 3rd. New Street Research upgraded shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price target on the stock in a report on Monday, January 6th. Morgan Stanley restated a "buy" rating on shares of Tesla in a research note on Tuesday. Finally, Cfra Research lowered shares of Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus price target of $286.85.

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.