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

Verde Capital Management decreased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,822 shares of the electric vehicle producer's stock after selling 10,291 shares during the quarter. Tesla makes up about 2.3% of Verde Capital Management's investment portfolio, making the stock its 10th largest position. Verde Capital Management's holdings in Tesla were worth $8,005,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TSLA. Transcendent Capital Group LLC acquired a new position in shares of Tesla in the 3rd quarter valued at $29,000. Clean Yield Group raised its holdings in shares of Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after acquiring an additional 48 shares during the period. Peterson Financial Group Inc. bought a new stake in shares of Tesla in the third quarter valued at about $35,000. M&R Capital Management Inc. grew its stake in shares of Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Finally, Quarry LP bought a new stake in Tesla during the 2nd quarter worth about $48,000. Institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Shares of TSLA traded down $5.80 during mid-day trading on Friday, hitting $406.58. The company's stock had a trading volume of 56,102,963 shares, compared to its average volume of 67,394,624. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The firm has a market capitalization of $1.31 trillion, a PE ratio of 111.39, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The stock's 50-day moving average is $398.82 and its two-hundred day moving average is $294.26.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their price target on Tesla from $295.00 to $370.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. upped their price objective on Tesla from $130.00 to $135.00 and gave the stock an "underweight" rating in a research report on Thursday, October 24th. Roth Capital upgraded Tesla from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, Wedbush increased their price target on Tesla from $515.00 to $550.00 and gave the company an "outperform" rating in a research note on Wednesday. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $313.84.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 60,500 shares of the firm's stock in a transaction dated 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 approximately $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 617,886 shares of company stock worth $212,451,751. 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.