Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Lessened by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 81.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,457 shares of the electric vehicle producer’s stock after selling 6,235 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Tesla were worth $381,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its stake in Tesla by 0.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock valued at $6,399,000 after purchasing an additional 331 shares during the period. 1832 Asset Management L.P. boosted its position in Tesla by 23.5% during the 1st quarter. 1832 Asset Management L.P. now owns 8,760 shares of the electric vehicle producer’s stock worth $1,540,000 after acquiring an additional 1,669 shares during the period. Earnest Partners LLC grew its stake in Tesla by 26.0% during the 1st quarter. Earnest Partners LLC now owns 1,395 shares of the electric vehicle producer’s stock valued at $245,000 after acquiring an additional 288 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of Tesla by 69.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 55,245 shares of the electric vehicle producer’s stock valued at $9,712,000 after purchasing an additional 22,624 shares during the period. Finally, Waverly Advisors LLC lifted its position in shares of Tesla by 55.6% in the first quarter. Waverly Advisors LLC now owns 14,291 shares of the electric vehicle producer’s stock worth $2,512,000 after purchasing an additional 5,107 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Up 3.8 %

Shares of TSLA stock opened at $352.56 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The firm has a fifty day moving average of $264.07 and a 200-day moving average of $226.79. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $361.53. The stock has a market cap of $1.13 trillion, a price-to-earnings ratio of 96.59, a P/E/G ratio of 11.45 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of Tesla from $249.00 to $313.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. KGI Securities raised shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price target on the stock in a research note on Thursday, October 24th. Wolfe Research initiated coverage on Tesla in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Wedbush reaffirmed an “outperform” rating and issued a $400.00 target price on shares of Tesla in a research report on Monday, November 18th. Finally, The Goldman Sachs Group lifted their price target on Tesla from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $230.18.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 301,187 shares of company stock worth $92,956,692 over the last three months. Company insiders own 20.70% of the company’s stock.

About Tesla

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.