Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,939,894 shares of the electric vehicle producer's stock after selling 1,202,102 shares during the quarter. Tesla makes up about 1.7% of Voya Investment Management LLC's holdings, making the stock its 7th biggest position. Voya Investment Management LLC owned 0.12% of Tesla worth $1,590,798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSLA. Hengehold Capital Management LLC raised its position in Tesla by 1.8% in the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock worth $544,000 after purchasing an additional 24 shares during the last quarter. Strategic Investment Advisors MI raised its position in shares of Tesla by 0.3% during the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock worth $2,823,000 after acquiring an additional 24 shares during the last quarter. Acropolis Investment Management LLC lifted its stake in shares of Tesla by 0.9% during the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after acquiring an additional 25 shares during the period. Mount Vernon Associates Inc. MD boosted its holdings in Tesla by 0.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock valued at $2,950,000 after acquiring an additional 25 shares during the last quarter. Finally, Vista Finance LLC raised its holdings in Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after purchasing an additional 25 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Glj Research reissued a "sell" rating and set a $19.05 price target (down from $24.86) on shares of Tesla in a research note on Monday. StockNews.com cut shares of Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Wells Fargo & Company reduced their price target on Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Morgan Stanley reiterated a "buy" rating on shares of Tesla in a report on Tuesday. Finally, Royal Bank of Canada reduced their target price on Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a report on Wednesday. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $283.24.

Tesla Price Performance

NASDAQ:TSLA opened at $251.07 on Thursday. 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 firm has a fifty day simple moving average of $267.29 and a 200 day simple moving average of $322.05. Tesla, Inc. has a 1-year low of $157.51 and a 1-year high of $488.54. The stock has a market capitalization of $807.56 billion, a PE ratio of 123.07, a P/E/G ratio of 5.86 and a beta of 2.58.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate 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 company posted $0.45 earnings per share. On average, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity

In related news, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now owns 477,011 shares of the company's stock, valued at $114,859,478.69. This trade represents a 10.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the business's 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 sale, the chief financial officer now owns 108,965 shares in the company, valued at approximately $41,745,581.15. This trade represents a 6.04 % 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 valued at $123,791,123 over the last ninety days. 20.70% of the stock is currently owned by company 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.

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