Symmetry Investments LP Cuts Position in Tesla, Inc. (NASDAQ:TSLA)

Symmetry Investments LP reduced its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 67.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,101 shares of the electric vehicle producer's stock after selling 10,450 shares during the quarter. Symmetry Investments LP's holdings in Tesla were worth $2,060,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Horrell Capital Management Inc. boosted its stake in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after buying an additional 34 shares during the last quarter. GS Investments Inc. increased its stake in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 58 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in shares of Tesla during the 4th quarter valued at about $38,000. Delos Wealth Advisors LLC grew its holdings in shares of Tesla by 300.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock valued at $40,000 after purchasing an additional 75 shares during the period. Finally, Cyrus J. Lawrence LLC acquired a new position in Tesla in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Performance

NASDAQ TSLA traded up $25.44 during trading hours on Friday, hitting $284.95. The company had a trading volume of 166,882,151 shares, compared to its average volume of 96,017,428. The business has a 50 day moving average of $265.36 and a 200-day moving average of $322.18. The company has a market cap of $916.55 billion, a PE ratio of 139.68, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a 1-year low of $166.37 and a 1-year high of $488.54. 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 (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter in the prior year, the business earned $0.45 EPS. As a group, equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Glj Research reaffirmed a "sell" rating and set a $19.05 price target (down previously from $24.86) on shares of Tesla in a research report on Monday. UBS Group lowered their price target on Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a report on Thursday, April 10th. Evercore ISI boosted their price objective on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a report on Friday, January 3rd. Barclays dropped their price target on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, Truist Financial set a $280.00 price objective on shares of Tesla in a research report on Tuesday. Ten analysts have rated the stock with a sell rating, ten have assigned 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, the company has a consensus rating of "Hold" and an average target price of $287.46.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Murdoch sold 54,776 shares of Tesla 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 directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 374,228 shares of company stock worth $123,791,123 in the last 90 days. Company insiders own 20.70% of the company's stock.

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.