Tesla, Inc. (NASDAQ:TSLA) Holdings Trimmed by Pacer Advisors Inc.


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Pacer Advisors Inc. trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,967 shares of the electric vehicle producer’s stock after selling 7,065 shares during the period. Tesla accounts for 0.8% of Pacer Advisors Inc.’s investment portfolio, making the stock its 16th biggest holding. Pacer Advisors Inc.’s holdings in Tesla were worth $45,397,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Occidental Asset Management LLC grew its position in Tesla by 96.7% during the 4th quarter. Occidental Asset Management LLC now owns 1,593 shares of the electric vehicle producer’s stock worth $1,124,000 after purchasing an additional 783 shares in the last quarter. Altium Wealth Management LLC grew its position in Tesla by 29.5% during the 4th quarter. Altium Wealth Management LLC now owns 3,498 shares of the electric vehicle producer’s stock worth $2,468,000 after purchasing an additional 796 shares in the last quarter. 180 Wealth Advisors LLC grew its position in Tesla by 190.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 4,935 shares of the electric vehicle producer’s stock worth $4,168,000 after purchasing an additional 3,235 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Tesla by 23.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,459 shares of the electric vehicle producer’s stock valued at $3,629,000 after acquiring an additional 1,607 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. purchased a new position in shares of Tesla during the 4th quarter valued at $1,376,000. Hedge funds and other institutional investors own 41.39% of the company’s stock.

In related news, CFO Zachary Kirkhorn sold 1,250 shares of the stock in a transaction that occurred on Tuesday, January 19th. The shares were sold at an average price of $837.74, for a total value of $1,047,175.00. Following the transaction, the chief financial officer now directly owns 56,257 shares in the company, valued at $47,128,739.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jerome M. Guillen sold 10,000 shares of the stock in a transaction that occurred on Monday, January 11th. The shares were sold at an average price of $833.75, for a total transaction of $8,337,500.00. Following the completion of the transaction, the insider now owns 59,654 shares in the company, valued at $49,736,522.50. The disclosure for this sale can be found here. Insiders have sold 82,653 shares of company stock worth $65,044,749 over the last three months. 23.00% of the stock is owned by insiders.

TSLA has been the topic of several research analyst reports. Cfra cut shares of Tesla from a “strong-buy” rating to a “hold” rating in a report on Friday, December 18th. New Street Research upgraded shares of Tesla from a “neutral” rating to a “buy” rating in a report on Monday, March 15th. Jefferies Financial Group restated a “hold” rating and set a $700.00 price target (down from $775.00) on shares of Tesla in a report on Monday, March 29th. Morgan Stanley reiterated a “buy” rating on shares of Tesla in a report on Tuesday. Finally, BNP Paribas cut shares of Tesla from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $385.00 to $340.00 in a report on Tuesday, January 5th. Twelve analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $368.54.

Shares of TSLA traded up $13.37 during mid-day trading on Thursday, hitting $684.34. 462,442 shares of the company traded hands, compared to its average volume of 35,435,129. Tesla, Inc. has a one year low of $106.67 and a one year high of $900.40. The company has a current ratio of 1.63, a quick ratio of 1.32 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average of $677.13 and a 200 day moving average of $621.74. The stock has a market capitalization of $656.87 billion, a price-to-earnings ratio of 1,374.18, a PEG ratio of 8.81 and a beta of 2.18.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 27th. The electric vehicle producer reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.17. Tesla had a net margin of 1.97% and a return on equity of 4.93%. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.38 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. Tesla’s revenue was up 44.9% compared to the same quarter last year. As a group, analysts anticipate that Tesla, Inc. will post 1.02 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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