Tesla, Inc. (NASDAQ:TSLA) Shares Sold by TIAA Trust National Association

TIAA Trust National Association trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 93,065 shares of the electric vehicle producer's stock after selling 23,659 shares during the period. TIAA Trust National Association's holdings in Tesla were worth $37,584,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TSLA. Strategic Financial Concepts LLC lifted its stake in shares of Tesla by 36,790.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock worth $3,497,526,000 after acquiring an additional 8,637,195 shares during the period. Proficio Capital Partners LLC grew its position in Tesla by 55,181.0% during the fourth quarter. Proficio Capital Partners LLC now owns 4,382,674 shares of the electric vehicle producer's stock worth $1,769,899,000 after buying an additional 4,374,746 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Tesla by 194.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,486,739 shares of the electric vehicle producer's stock valued at $2,215,765,000 after acquiring an additional 3,624,910 shares during the period. Vanguard Group Inc. grew its holdings in shares of Tesla by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock worth $98,211,134,000 after acquiring an additional 3,571,793 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Tesla by 13.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock valued at $6,377,970,000 after purchasing an additional 2,946,763 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

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Tesla Stock Up 3.4 %

NASDAQ TSLA traded up $9.56 on Tuesday, reaching $287.95. The company had a trading volume of 148,758,365 shares, compared to its average volume of 91,639,279. The firm has a market capitalization of $926.20 billion, a PE ratio of 141.15, a P/E/G ratio of 5.86 and a beta of 2.50. The firm has a 50-day moving average of $330.52 and a 200-day moving average of $322.04. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

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 net margin of 7.26% and a return on equity of 10.31%. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now owns 5,400 shares in the company, valued at $2,222,802. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on TSLA. Cantor Fitzgerald raised shares of Tesla from a "neutral" rating to an "overweight" rating and set a $425.00 price objective on the stock in a research note on Wednesday, March 19th. Evercore ISI lifted their price objective on Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research report on Friday, January 3rd. Robert W. Baird dropped their price target on Tesla from $440.00 to $370.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Wedbush reissued an "outperform" rating and issued a $550.00 price target on shares of Tesla in a report on Thursday, March 20th. Finally, The Goldman Sachs Group reaffirmed a "cautious" rating on shares of Tesla in a research note on Monday, March 3rd. Nine analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $318.93.

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.