Tesla, Inc. (NASDAQ:TSLA) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 88.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 518 shares of the electric vehicle producer's stock after selling 3,985 shares during the quarter. WINTON GROUP Ltd's holdings in Tesla were worth $209,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Tesla by 8.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,685,988 shares of the electric vehicle producer's stock valued at $1,923,317,000 after buying an additional 345,368 shares in the last quarter. Cottage Street Advisors LLC grew its stake in Tesla by 27.9% in the 4th quarter. Cottage Street Advisors LLC now owns 5,042 shares of the electric vehicle producer's stock valued at $2,036,000 after acquiring an additional 1,100 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Tesla in the 4th quarter worth $3,231,000. Graney & King LLC purchased a new position in Tesla during the fourth quarter valued at $84,000. Finally, Core Wealth Partners LLC grew its position in shares of Tesla by 15.8% in the fourth quarter. Core Wealth Partners LLC now owns 2,978 shares of the electric vehicle producer's stock valued at $1,203,000 after purchasing an additional 406 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. HSBC lowered their price objective on Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a report on Thursday, March 27th. Bank of America dropped their price target on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Benchmark started coverage on Tesla in a report on Wednesday, February 12th. They issued a "buy" rating and a $475.00 price objective on the stock. Cantor Fitzgerald raised shares of Tesla from a "neutral" rating to an "overweight" rating and set a $425.00 target price for the company in a report on Wednesday, March 19th. Finally, New Street Research upgraded shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price target on the stock in a research report on Monday, January 6th. Nine equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Tesla presently has a consensus rating of "Hold" and a consensus target price of $317.75.

Tesla Stock Performance

NASDAQ TSLA traded up $9.30 during trading on Tuesday, reaching $268.46. The company's stock had a trading volume of 145,757,545 shares, compared to its average volume of 93,639,188. The business's fifty day moving average price is $314.87 and its 200-day moving average price is $323.48. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm has a market cap of $863.51 billion, a price-to-earnings ratio of 131.60, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results 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, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total value 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. The trade was a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,672 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $7,242,273.50. This represents a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 477,228 shares of company stock valued at $166,849,043 over the last three months. 20.70% of the stock is currently owned by company insiders.

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.