Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Trimmed by Himension Capital Singapore PTE. LTD.

Himension Capital Singapore PTE. LTD. decreased its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 21.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,031 shares of the electric vehicle producer’s stock after selling 42,856 shares during the period. Tesla makes up approximately 3.5% of Himension Capital Singapore PTE. LTD.’s holdings, making the stock its 6th largest holding. Himension Capital Singapore PTE. LTD.’s holdings in Tesla were worth $39,019,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TSLA. Holderness Investments Co. increased its holdings 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 worth $650,000 after buying an additional 42 shares during the period. SCS Capital Management LLC grew its stake in shares of Tesla by 0.3% in the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock worth $4,224,000 after purchasing an additional 45 shares during the last quarter. Daymark Wealth Partners LLC grew its stake in shares of Tesla by 0.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock worth $2,622,000 after purchasing an additional 45 shares during the last quarter. Cravens & Co Advisors LLC grew its stake in shares of Tesla by 1.2% in the third quarter. Cravens & Co Advisors LLC now owns 4,095 shares of the electric vehicle producer’s stock worth $1,025,000 after purchasing an additional 48 shares during the last quarter. Finally, Patten & Patten Inc. TN grew its stake in shares of Tesla by 1.1% in the fourth quarter. Patten & Patten Inc. TN now owns 4,601 shares of the electric vehicle producer’s stock worth $1,143,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA stock traded down $0.46 during mid-day trading on Friday, reaching $177.48. 56,244,932 shares of the company’s stock traded hands, compared to its average volume of 68,096,336. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The firm has a 50 day moving average price of $172.18 and a two-hundred day moving average price of $197.76. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The firm has a market capitalization of $566.02 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 4.41 and a beta of 2.32.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. On average, research analysts forecast that Tesla, Inc. will post 1.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup raised their target price on Tesla from $180.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. cut their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 3rd. HSBC cut their price objective on Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research report on Wednesday, April 24th. Roth Mkm reaffirmed a “neutral” rating and set a $85.00 price objective on shares of Tesla in a research report on Wednesday, April 24th. Finally, Royal Bank of Canada cut their price objective 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 research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $185.90.

View Our Latest Stock Analysis on TSLA

Insider Buying and Selling

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

Tesla Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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