Tesla, Inc. (NASDAQ:TSLA) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,055,133 shares of the electric vehicle producer's stock after selling 1,612 shares during the quarter. Tesla makes up about 1.7% of State of New Jersey Common Pension Fund D's investment portfolio, making the stock its 8th biggest position. State of New Jersey Common Pension Fund D's holdings in Tesla were worth $426,105,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Tesla in the 3rd quarter valued at $29,000. Peterson Financial Group Inc. bought a new position in shares of Tesla in the 3rd quarter valued at about $35,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Tesla during the fourth quarter worth $46,000. PayPay Securities Corp increased its holdings in shares of Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer's stock worth $49,000 after acquiring an additional 69 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in shares of Tesla by 692.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock valued at $56,000 after purchasing an additional 187 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the transaction, the director now directly owns 1,463,220 shares in the company, valued at $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 523,386 shares of company stock valued at $195,995,200. 20.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on TSLA. Mizuho restated an "outperform" rating and set a $515.00 price objective on shares of Tesla in a report on Thursday, January 30th. Glj Research restated a "sell" rating and issued a $24.86 price target on shares of Tesla in a report on Wednesday, February 12th. Wedbush boosted their price target on Tesla from $515.00 to $550.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on Tesla from $125.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $440.00 price objective on shares of Tesla in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus price target of $326.50.

Tesla Price Performance

NASDAQ:TSLA traded down $16.60 on Friday, hitting $337.80. The company had a trading volume of 73,720,762 shares, compared to its average volume of 75,434,742. The firm has a 50 day moving average of $402.14 and a two-hundred day moving average of $311.43. The stock has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 165.59, a PEG ratio of 5.97 and a beta of 2.34. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. On average, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla 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.