Ossiam Trims Holdings in Tesla, Inc. (NASDAQ:TSLA)

Ossiam decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 842,436 shares of the electric vehicle producer's stock after selling 45,154 shares during the quarter. Tesla comprises approximately 11.1% of Ossiam's portfolio, making the stock its 3rd biggest holding. Ossiam's holdings in Tesla were worth $340,209,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Horrell Capital Management Inc. raised its stake in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. GS Investments Inc. raised its holdings in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in Tesla in the fourth quarter worth approximately $38,000. Delos Wealth Advisors LLC grew its holdings in shares of Tesla by 300.0% during 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 during the last quarter. Finally, Cyrus J. Lawrence LLC purchased a new position in Tesla in the 4th quarter worth $44,000. 66.20% of the stock is owned by institutional investors.

Insider Activity at Tesla

In other news, 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 sale, the director now directly owns 1,463,220 shares of the company's stock, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $32,643,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 374,228 shares of company stock worth $123,791,123. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Performance

TSLA stock traded up $19.17 during midday trading on Wednesday, reaching $257.14. 112,884,750 shares of the company's stock traded hands, compared to its average volume of 96,177,634. The stock's 50-day moving average is $269.39 and its 200 day moving average is $322.54. The stock has a market cap of $827.10 billion, a P/E ratio of 126.05, a PEG ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a 52-week low of $141.11 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 posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the previous year, the firm earned $0.45 earnings per share. As a group, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TSLA. Raymond James lowered shares of Tesla to an "outperform" rating in a research report on Tuesday. Wells Fargo & Company cut their target price on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a report on Friday, March 14th. UBS Group lowered their price target on shares of Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a report on Thursday, April 10th. StockNews.com cut shares of Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday. Ten equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $283.24.

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.