Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Geller Advisors LLC

Geller Advisors LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 15.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,507 shares of the electric vehicle producer’s stock after selling 1,509 shares during the period. Geller Advisors LLC’s holdings in Tesla were worth $3,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Horrell Capital Management Inc. increased its holdings in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. increased its stake in Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC acquired a new stake in shares of Tesla during the fourth quarter worth $37,000. CoreFirst Bank & Trust bought a new position in shares of Tesla in the 4th quarter worth about $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Tesla in the 4th quarter valued at about $39,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Price Performance

TSLA stock opened at $298.05 on Friday. The firm has a 50-day moving average of $258.65 and a two-hundred day moving average of $326.64. The firm has a market capitalization of $960.01 billion, a PE ratio of 146.10, a P/E/G ratio of 5.86 and a beta of 2.43. 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, Inc. has a one year low of $167.41 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period in the prior year, the business posted $0.45 EPS. On average, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,672 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $7,242,273.50. This trade represents a 9.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at approximately $23,300,200. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 408,623 shares of company stock valued at $114,400,501. Company insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TSLA. Canaccord Genuity Group decreased their target price on Tesla from $404.00 to $303.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Mizuho reduced their price objective on Tesla from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Wednesday, April 23rd. Benchmark reissued a “buy” rating and set a $350.00 price target on shares of Tesla in a report on Wednesday, April 23rd. Finally, Robert W. Baird dropped their price objective on shares of Tesla from $370.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus price target of $287.46.

Tesla Company 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.