Schroder Investment Management Group Lowers Position in Tesla, Inc. (NASDAQ:TSLA)

Schroder Investment Management Group cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,887,533 shares of the electric vehicle producer’s stock after selling 94,189 shares during the quarter. Schroder Investment Management Group owned about 0.06% of Tesla worth $469,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wyrmwood Management LLC acquired a new position in Tesla during the 4th quarter worth about $25,000. Lam Group Inc. acquired a new position in Tesla during the 4th quarter worth about $25,000. Mendota Financial Group LLC lifted its stake in Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. Kathleen S. Wright Associates Inc. lifted its stake in Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Finally, Quattro Financial Advisors LLC acquired a new position in Tesla during the 4th quarter worth about $62,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the 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 sale, the director now owns 15,000 shares in the company, valued at $2,631,600. The disclosure for this sale can be found here. Insiders have sold 198,560 shares of company stock worth $35,725,248 over the last quarter. 25.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TSLA shares. Jefferies Financial Group reduced their price target on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. Cantor Fitzgerald started coverage on Tesla in a research report on Thursday, May 2nd. They issued an “overweight” rating and a $230.00 price target on the stock. Guggenheim reaffirmed a “sell” rating and issued a $122.00 price target on shares of Tesla in a research report on Tuesday, April 23rd. Sanford C. Bernstein reduced their price target on Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada reduced their price target on Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $185.90.

Get Our Latest Stock Report on TSLA

Tesla Stock Down 0.3 %

Shares of NASDAQ:TSLA traded down $0.46 during trading on Friday, hitting $177.48. The company’s stock had a trading volume of 56,244,932 shares, compared to its average volume of 68,096,336. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The stock’s 50-day moving average price is $172.18 and its two-hundred day moving average price is $197.76. The company has a market capitalization of $566.02 billion, a PE ratio of 45.28, a PEG ratio of 4.41 and a beta of 2.32.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. As a group, sell-side analysts expect that Tesla, Inc. will post 1.87 EPS for the current year.

About Tesla

(Free Report)

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.

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