Robocap Asset Management Ltd Cuts Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Robocap Asset Management Ltd cut its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 53.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,690 shares of the electric vehicle producer's stock after selling 7,788 shares during the period. Tesla makes up 1.8% of Robocap Asset Management Ltd's portfolio, making the stock its 21st largest position. Robocap Asset Management Ltd's holdings in Tesla were worth $2,702,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Archvest Wealth Advisors Inc. purchased a new position in shares of Tesla during the fourth quarter valued at about $211,000. Apollon Wealth Management LLC increased its position in shares of Tesla by 7.9% during the fourth quarter. Apollon Wealth Management LLC now owns 83,803 shares of the electric vehicle producer's stock valued at $33,843,000 after buying an additional 6,157 shares during the period. Apollon Financial LLC increased its position in shares of Tesla by 38.7% during the fourth quarter. Apollon Financial LLC now owns 1,458 shares of the electric vehicle producer's stock valued at $589,000 after buying an additional 407 shares during the period. Unison Asset Management LLC increased its position in shares of Tesla by 2.6% during the fourth quarter. Unison Asset Management LLC now owns 4,924 shares of the electric vehicle producer's stock valued at $1,989,000 after buying an additional 126 shares during the period. Finally, Almanack Investment Partners LLC. purchased a new position in shares of Tesla during the fourth quarter valued at about $296,000. 66.20% of the stock is owned by institutional investors.

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Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company's stock, valued at $1,903,716. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 523,386 shares of company stock valued at $195,995,200. Corporate insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Glj Research reiterated a "sell" rating and set a $24.86 price target on shares of Tesla in a research report on Wednesday. UBS Group upped their price objective on shares of Tesla from $226.00 to $259.00 and gave the stock a "sell" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their price objective on shares of Tesla from $130.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. Canaccord Genuity Group upped their price objective on shares of Tesla from $298.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $440.00 price objective on shares of Tesla in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has assigned 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 price target of $326.50.

Tesla Stock Performance

TSLA traded down $0.10 during trading on Friday, hitting $355.84. The company's stock had a trading volume of 68,000,576 shares, compared to its average volume of 67,880,264. 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 one year low of $138.80 and a one year high of $488.54. The firm has a market cap of $1.14 trillion, a PE ratio of 174.43, a P/E/G ratio of 6.22 and a beta of 2.34. The business's 50 day simple moving average is $406.31 and its 200-day simple moving average is $307.64.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

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.