Rosenblum Silverman Sutton S F Inc. CA Sells 1,565 Shares of Tesla, Inc. (NASDAQ:TSLA)

Rosenblum Silverman Sutton S F Inc. CA reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,177 shares of the electric vehicle producer's stock after selling 1,565 shares during the period. Tesla accounts for about 1.5% of Rosenblum Silverman Sutton S F Inc. CA's holdings, making the stock its 23rd biggest holding. Rosenblum Silverman Sutton S F Inc. CA's holdings in Tesla were worth $6,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of TSLA. Hengehold Capital Management LLC raised its holdings in Tesla by 1.8% during the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock worth $544,000 after purchasing an additional 24 shares in the last quarter. Strategic Investment Advisors MI lifted its stake in Tesla by 0.3% during the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after buying an additional 24 shares in the last quarter. Acropolis Investment Management LLC boosted its stake in Tesla by 0.9% in the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock worth $1,136,000 after purchasing an additional 25 shares during the period. Mount Vernon Associates Inc. MD boosted its position 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 period. Finally, Vista Finance LLC boosted its position in Tesla by 0.7% during the 4th 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 during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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Tesla Price Performance

Shares of NASDAQ TSLA traded down $27.85 during mid-day trading on Friday, hitting $239.43. 180,231,397 shares of the stock were exchanged, compared to its average volume of 94,269,783. The company has a market cap of $770.13 billion, a P/E ratio of 117.37, 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, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The stock's fifty day simple moving average is $305.98 and its two-hundred day simple moving average is $323.56.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

TSLA has been the topic of several research analyst reports. Oppenheimer restated a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Cantor Fitzgerald reiterated an "overweight" rating and set a $425.00 price target on shares of Tesla in a report on Thursday. Wells Fargo & Company dropped their price target on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Finally, Truist Financial cut their target price on shares of Tesla from $373.00 to $280.00 and set a "hold" rating for the company in a research report on Thursday. Eight 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $312.65.

Insider Activity

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now owns 5,400 shares of the company's stock, valued at approximately $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the transaction, the director now directly owns 477,011 shares in the company, valued at $114,859,478.69. The trade was a 10.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 477,228 shares of company stock valued at $166,849,043. Company insiders own 20.70% of the company's stock.

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.