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

Shelton Capital Management lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 230,823 shares of the electric vehicle producer's stock after selling 38,557 shares during the quarter. Tesla makes up approximately 2.3% of Shelton Capital Management's holdings, making the stock its 8th biggest holding. Shelton Capital Management's holdings in Tesla were worth $93,216,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Mizuho lowered their target price on Tesla from $430.00 to $375.00 and set an "outperform" rating for the company in a research note on Thursday. Truist Financial dropped their price objective on Tesla from $373.00 to $280.00 and set a "hold" rating on the stock in a report on Thursday, April 3rd. Bank of America reduced their target price on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. The Goldman Sachs Group dropped their price target on shares of Tesla from $320.00 to $275.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $425.00 price objective on shares of Tesla in a research note on Thursday, April 3rd. Eight investment analysts have rated the stock with a sell rating, nine have issued 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $298.59.

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Tesla Price Performance

TSLA traded down $4.54 on Friday, reaching $247.86. The company had a trading volume of 86,480,283 shares, compared to its average volume of 95,727,679. The company has a market capitalization of $797.24 billion, a P/E ratio of 120.59, a PEG ratio of 5.86 and a beta of 2.58. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $287.99 and a 200-day moving average of $323.12. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

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

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $6,737,500. This trade represents a 12.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction 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 sale, the director now owns 85,000 shares of the company's stock, valued at $32,643,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 374,228 shares of company stock valued at $123,791,123. Corporate insiders own 20.70% of the company's stock.

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.