Stone House Investment Management LLC Sells 126 Shares of Tesla, Inc. (NASDAQ:TSLA)

Stone House Investment Management LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 13.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 835 shares of the electric vehicle producer’s stock after selling 126 shares during the quarter. Stone House Investment Management LLC’s holdings in Tesla were worth $207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wyrmwood Management LLC acquired a new stake in Tesla in the fourth quarter worth about $25,000. Lam Group Inc. acquired a new position in shares of Tesla during the 4th quarter worth about $25,000. Alpha Paradigm Partners LLC acquired a new position in shares of Tesla during the 3rd quarter worth about $27,000. MayTech Global Investments LLC acquired a new position in shares of Tesla during the 4th quarter worth about $30,000. Finally, Perkins Coie Trust Co grew its position in shares of Tesla by 72.0% during the 3rd quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 54 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

Tesla stock traded down $1.00 during mid-day trading on Wednesday, hitting $156.11. 74,343,663 shares of the company’s stock traded hands, compared to its average volume of 101,773,016. The firm has a 50 day simple moving average of $180.88 and a two-hundred day simple moving average of $213.04. Tesla, Inc. has a fifty-two week low of $152.37 and a fifty-two week high of $299.29. The stock has a market cap of $497.18 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 4.25 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same period in the prior year, the business earned $1.07 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts expect that Tesla, Inc. will post 1.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at $2,920,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock worth $38,802,534 in the last 90 days. Company insiders own 20.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TSLA. Royal Bank of Canada restated an “outperform” rating and set a $298.00 target price on shares of Tesla in a research report on Wednesday, March 27th. KGI Securities restated a “neutral” rating and set a $213.00 target price (down from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Jefferies Financial Group decreased their target price on Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. JPMorgan Chase & Co. decreased their price objective on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, April 3rd. Finally, Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Ten research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $197.15.

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.