Tesla, Inc. (NASDAQ:TSLA) Stock Position Reduced by Regatta Capital Group LLC

Regatta Capital Group LLC trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,826 shares of the electric vehicle producer's stock after selling 1,081 shares during the period. Tesla accounts for 1.3% of Regatta Capital Group LLC's investment portfolio, making the stock its 17th biggest holding. Regatta Capital Group LLC's holdings in Tesla were worth $6,795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Navis Wealth Advisors LLC raised its position in shares of Tesla by 22.7% during the fourth quarter. Navis Wealth Advisors LLC now owns 2,188 shares of the electric vehicle producer's stock valued at $884,000 after buying an additional 405 shares during the last quarter. MKT Advisors LLC bought a new stake in shares of Tesla in the 4th quarter worth approximately $392,000. Clarendon Private LLC acquired a new stake in Tesla during the fourth quarter worth $357,000. Embree Financial Group acquired a new stake in shares of Tesla during the 4th quarter valued at about $344,000. Finally, Cora Capital Advisors LLC grew its position in Tesla by 3.6% in the fourth quarter. Cora Capital Advisors LLC now owns 881 shares of the electric vehicle producer's stock valued at $356,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity at Tesla

In related news, Director Kimbal Musk sold 60,500 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now directly owns 1,563,220 shares in the company, valued at $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 617,886 shares of company stock valued at $212,451,751. Insiders own 20.70% of the company's stock.

Tesla Trading Up 2.5 %

Shares of Tesla stock traded up $9.92 during trading hours on Thursday, hitting $399.02. The company's stock had a trading volume of 58,994,655 shares, compared to its average volume of 72,967,914. The business has a fifty day moving average of $401.98 and a 200 day moving average of $297.28. The company has a market capitalization of $1.28 trillion, a PE ratio of 109.21, a P/E/G ratio of 8.42 and a beta of 2.30. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.24% and a net margin of 13.07%. As a group, equities analysts forecast that Tesla, Inc. will post 2.01 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Tesla from $197.00 to $226.00 and gave the company a "sell" rating in a research note on Monday, November 25th. Bank of America cut shares of Tesla from a "buy" rating to a "neutral" rating and raised their price target for the stock from $400.00 to $490.00 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price objective on shares of Tesla from $130.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, October 24th. Roth Capital raised shares of Tesla from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $365.00 target price on shares of Tesla in a research report on Wednesday. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $317.28.

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.