Riverbridge Partners LLC Lowers Stake in Tesla, Inc. (NASDAQ:TSLA)

Riverbridge Partners LLC lessened its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 212,967 shares of the electric vehicle producer's stock after selling 7,641 shares during the quarter. Riverbridge Partners LLC's holdings in Tesla were worth $86,005,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TSLA. World Investment Advisors LLC raised its holdings in Tesla by 1,248.9% in the third quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock worth $52,124,000 after buying an additional 184,459 shares during the last quarter. Destination Wealth Management raised its holdings in Tesla by 12.1% in the 3rd quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock worth $3,296,000 after acquiring an additional 1,359 shares during the last quarter. Vinva Investment Management Ltd lifted its position in Tesla by 59.2% in the 3rd quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer's stock valued at $30,593,000 after acquiring an additional 43,685 shares in the last quarter. MML Investors Services LLC boosted its stake in Tesla by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock valued at $80,944,000 after purchasing an additional 9,919 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Tesla by 1.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 144,482 shares of the electric vehicle producer's stock worth $37,801,000 after purchasing an additional 1,741 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Trading Down 1.4 %

TSLA stock traded down $5.80 during mid-day trading on Friday, reaching $406.58. 56,102,963 shares of the stock traded hands, compared to its average volume of 67,394,624. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The stock has a market capitalization of $1.31 trillion, a PE ratio of 111.39, a PEG ratio of 8.42 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The business has a 50-day moving average price of $398.82 and a two-hundred day moving average price of $294.26.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. Equities research analysts expect that Tesla, Inc. will post 2.01 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TSLA shares. Oppenheimer reaffirmed a "market perform" rating on shares of Tesla in a research report on Tuesday, October 8th. Truist Financial reaffirmed a "hold" rating and set a $360.00 price target on shares of Tesla in a report on Thursday, January 2nd. UBS Group boosted their price objective on shares of Tesla from $197.00 to $226.00 and gave the company a "sell" rating in a report on Monday, November 25th. Guggenheim lifted their target price on shares of Tesla from $156.00 to $175.00 and gave the stock a "sell" rating in a research report on Thursday, December 5th. Finally, Phillip Securities cut Tesla from a "moderate sell" rating to a "strong sell" rating in a report on Wednesday, November 13th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Tesla has an average rating of "Hold" and an average target price of $313.84.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at $1,868,508. This represents a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the sale, the director now directly owns 1,563,220 shares of the company's stock, valued at $391,164,540.60. This represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 617,886 shares of company stock worth $212,451,751 over the last 90 days. Company insiders own 20.70% of the company's stock.

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.