Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Goldstream Capital Management Ltd

Goldstream Capital Management Ltd reduced its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 18.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,743 shares of the electric vehicle producer's stock after selling 9,332 shares during the quarter. Tesla accounts for 4.6% of Goldstream Capital Management Ltd's investment portfolio, making the stock its 8th biggest holding. Goldstream Capital Management Ltd's holdings in Tesla were worth $16,454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Horrell Capital Management Inc. raised its holdings 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 purchasing an additional 34 shares in the last quarter. GS Investments Inc. grew its holdings in Tesla by 193.3% during the fourth 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 period. CoreFirst Bank & Trust purchased a new stake in shares of Tesla during the 4th quarter worth $38,000. Delos Wealth Advisors LLC increased its holdings in shares of Tesla by 300.0% in the 4th 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 in the last quarter. Finally, Cyrus J. Lawrence LLC purchased a new stake in Tesla during the fourth quarter worth about $44,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Up 3.5 %

Shares of NASDAQ TSLA traded up $8.77 on Thursday, hitting $259.51. The company had a trading volume of 93,346,579 shares, compared to its average volume of 96,188,645. The firm has a market capitalization of $834.72 billion, a P/E ratio of 127.21, a PEG ratio of 5.86 and a beta of 2.58. 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 12-month low of $157.51 and a 12-month high of $488.54. The business has a 50 day moving average of $267.29 and a two-hundred day moving average of $322.05.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period last year, the business earned $0.45 EPS. As a group, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

TSLA has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their target price on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a report on Wednesday. Robert W. Baird dropped their price target on Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a research report on Wednesday. Stifel Nicolaus set a $450.00 price objective on shares of Tesla and gave the stock a "buy" rating in a research report on Thursday. Cantor Fitzgerald dropped their target price on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Benchmark reiterated a "buy" rating and issued a $350.00 price target on shares of Tesla in a research report on Wednesday. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Tesla currently has an average rating of "Hold" and an average price target of $286.85.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $383.11, for a total value of $2,681,770.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares of the company's stock, valued at approximately $41,745,581.15. This represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction on Monday, February 3rd. The shares were 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 directly 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 disclosure for this sale can be found here. Insiders have sold 374,228 shares of company stock worth $123,791,123 in the last quarter. 20.70% of the stock is owned by corporate insiders.

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.