Lincoln Capital Corp Has $335,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

Lincoln Capital Corp trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,350 shares of the electric vehicle producer’s stock after selling 189 shares during the quarter. Lincoln Capital Corp’s holdings in Tesla were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in TSLA. Norges Bank bought a new stake in Tesla in the 4th quarter valued at about $3,459,540,000. Moneta Group Investment Advisors LLC grew its stake in Tesla by 180,125.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 26,851,778 shares of the electric vehicle producer’s stock valued at $3,307,602,000 after acquiring an additional 26,836,879 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Tesla by 203.9% during the third quarter. Bank of New York Mellon Corp now owns 20,208,699 shares of the electric vehicle producer’s stock valued at $5,360,358,000 after acquiring an additional 13,558,882 shares in the last quarter. Morgan Stanley raised its position in shares of Tesla by 26.3% during the fourth quarter. Morgan Stanley now owns 25,427,168 shares of the electric vehicle producer’s stock worth $3,132,119,000 after purchasing an additional 5,292,464 shares during the period. Finally, State Street Corp lifted its holdings in shares of Tesla by 4.4% in the 2nd quarter. State Street Corp now owns 104,115,390 shares of the electric vehicle producer’s stock worth $27,254,286,000 after purchasing an additional 4,431,570 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial lowered their target price on shares of Tesla from $227.00 to $193.00 and set a “hold” rating on the stock in a report on Thursday, January 25th. China Renaissance started coverage on Tesla in a report on Monday, February 26th. They issued a “hold” rating on the stock. Edward Jones downgraded Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Tesla from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Finally, Guggenheim upped their price objective on Tesla from $125.00 to $132.00 and gave the company a “sell” rating in a research note on Friday, December 15th. Ten analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Tesla has an average rating of “Hold” and an average target price of $207.04.

Tesla Price Performance

NASDAQ:TSLA traded up $2.16 during mid-day trading on Wednesday, reaching $179.83. The stock had a trading volume of 81,398,372 shares, compared to its average volume of 103,097,211. The stock has a market capitalization of $572.72 billion, a P/E ratio of 41.72, a P/E/G ratio of 3.90 and a beta of 2.41. The firm has a 50 day moving average price of $188.49 and a two-hundred day moving average price of $222.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. Tesla, Inc. has a one year low of $152.37 and a one year high of $299.29.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, analysts expect that Tesla, Inc. will post 2.44 earnings per share for the current year.

Insider Transactions at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now owns 15,000 shares in the company, valued at $2,631,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,631,600. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,598 shares of company stock worth $36,952,434. Insiders own 20.90% of the company’s stock.

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.