Gulf International Bank UK Ltd Sells 2,436 Shares of Tesla, Inc. (NASDAQ:TSLA)

Gulf International Bank UK Ltd lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 223,953 shares of the electric vehicle producer’s stock after selling 2,436 shares during the quarter. Tesla makes up about 2.3% of Gulf International Bank UK Ltd’s holdings, making the stock its 6th biggest position. Gulf International Bank UK Ltd’s holdings in Tesla were worth $90,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mn Services Vermogensbeheer B.V. raised its holdings in Tesla by 2.2% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 1,130,300 shares of the electric vehicle producer’s stock worth $456,460,000 after purchasing an additional 24,000 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of Tesla during the fourth quarter worth approximately $8,735,000. K.J. Harrison & Partners Inc grew its position in shares of Tesla by 11.7% during the fourth quarter. K.J. Harrison & Partners Inc now owns 14,050 shares of the electric vehicle producer’s stock worth $5,329,000 after acquiring an additional 1,470 shares during the last quarter. New York Life Investment Management LLC grew its position in shares of Tesla by 0.8% during the fourth quarter. New York Life Investment Management LLC now owns 415,761 shares of the electric vehicle producer’s stock worth $167,901,000 after acquiring an additional 3,478 shares during the last quarter. Finally, Schnieders Capital Management LLC grew its position in shares of Tesla by 24.4% during the fourth quarter. Schnieders Capital Management LLC now owns 5,294 shares of the electric vehicle producer’s stock worth $2,138,000 after acquiring an additional 1,040 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Trading Up 4.0 %

Shares of TSLA stock opened at $293.33 on Friday. The firm has a 50-day moving average price of $385.35 and a 200 day moving average price of $315.95. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a market capitalization of $943.49 billion, a price-to-earnings ratio of 143.79, a PEG ratio of 5.86 and a beta of 2.34. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $37,226,491.76. The trade was a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock worth $195,995,200 in the last 90 days. 20.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSLA. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Phillip Securities lowered shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research report on Monday, December 9th. New Street Research upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective on the stock in a research report on Monday, January 6th. Finally, The Goldman Sachs Group reiterated a “cautious” rating on shares of Tesla in a research report on Monday, February 10th. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $318.77.

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.