Van Lanschot Kempen Investment Management N.V. Reduces Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Van Lanschot Kempen Investment Management N.V. trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 14.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,767 shares of the electric vehicle producer's stock after selling 16,993 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Tesla were worth $41,098,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Horrell Capital Management Inc. grew its stake in Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares in the last quarter. GS Investments Inc. increased its holdings in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares during the period. CoreFirst Bank & Trust bought a new stake in Tesla during the 4th quarter valued at $38,000. Delos Wealth Advisors LLC lifted its holdings in shares of Tesla by 300.0% in 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 purchased a new position in shares of Tesla during the fourth quarter valued at $44,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Up 5.5 %

Shares of TSLA traded up $13.10 during mid-day trading on Wednesday, reaching $251.07. 149,563,812 shares of the company were exchanged, compared to its average volume of 96,201,924. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 52 week low of $157.51 and a 52 week high of $488.54. The business has a 50 day simple moving average of $269.39 and a two-hundred day simple moving average of $322.54. The stock has a market capitalization of $807.56 billion, a PE ratio of 123.07, a PEG 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 for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the company earned $0.45 earnings per share. On average, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research note on Friday, January 3rd. Robert W. Baird reduced their price target on Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a research report on Wednesday. Raymond James downgraded Tesla to an "outperform" rating in a research report on Tuesday. Canaccord Genuity Group decreased their price target on shares of Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Glj Research reaffirmed a "sell" rating and issued a $19.05 price objective (down previously from $24.86) on shares of Tesla in a research report on Monday. Ten investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $283.24.

Insider Buying and Selling at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Monday, April 7th. The stock was 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 $6,737,500. This trade represents a 12.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 374,228 shares of company stock worth $123,791,123. Insiders own 20.70% of the company's stock.

Tesla Company 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.