Schnieders Capital Management LLC Cuts Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Schnieders Capital Management LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,243 shares of the electric vehicle producer’s stock after selling 600 shares during the quarter. Schnieders Capital Management LLC’s holdings in Tesla were worth $2,794,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC grew its stake in Tesla by 1.0% during the 3rd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock valued at $1,089,000 after acquiring an additional 42 shares in the last quarter. Holderness Investments Co. grew its position in shares of Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after purchasing an additional 42 shares in the last quarter. Wagner Wealth Management LLC increased its holdings in shares of Tesla by 1.3% in the third quarter. Wagner Wealth Management LLC now owns 3,384 shares of the electric vehicle producer’s stock valued at $847,000 after purchasing an additional 44 shares during the last quarter. SCS Capital Management LLC lifted its position in Tesla by 0.3% during the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock worth $4,224,000 after buying an additional 45 shares in the last quarter. Finally, Daymark Wealth Partners LLC boosted its stake in Tesla by 0.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock worth $2,622,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TD Cowen lowered their price target on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a research report on Thursday, January 25th. Mizuho restated a “neutral” rating and set a $195.00 price target (down previously from $270.00) on shares of Tesla in a report on Monday, March 25th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a report on Tuesday, April 2nd. Morgan Stanley cut their target price on Tesla from $320.00 to $310.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Finally, UBS Group decreased their price target on Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $194.33.

Tesla Stock Up 1.9 %

NASDAQ TSLA traded up $2.63 on Tuesday, hitting $144.68. 119,642,343 shares of the stock were exchanged, compared to its average volume of 101,872,688. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The company has a 50-day moving average price of $176.81 and a 200-day moving average price of $209.24. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The company has a market cap of $460.78 billion, a PE ratio of 33.57, a PEG ratio of 3.89 and a beta of 2.40.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS 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 firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Insider Activity

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 31,230 shares of the company’s stock, 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 the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was 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 approximately $2,631,600. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,098 shares of company stock worth $38,802,534. 20.90% of the stock is currently owned by insiders.

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.