Stone House Investment Management LLC Reduces Position in Tesla, Inc. (NASDAQ:TSLA)

Stone House Investment Management LLC lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 835 shares of the electric vehicle producer’s stock after selling 126 shares during the period. Stone House Investment Management LLC’s holdings in Tesla were worth $207,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TSLA. Mount Vernon Associates Inc. MD grew its stake in shares of Tesla by 5.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock valued at $1,724,000 after buying an additional 350 shares during the period. Oak Ridge Investments LLC grew its stake in shares of Tesla by 4.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after buying an additional 1,405 shares during the period. CWM LLC grew its stake in shares of Tesla by 14.4% in the 3rd quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer’s stock valued at $36,717,000 after buying an additional 18,462 shares during the period. Corient Private Wealth LLC grew its stake in shares of Tesla by 3.7% in the 3rd quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock valued at $182,352,000 after buying an additional 25,943 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of Tesla by 11.8% in the 4th quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock valued at $193,935,000 after buying an additional 81,729 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded down $1.00 during midday trading on Wednesday, hitting $156.11. The stock had a trading volume of 74,343,663 shares, compared to its average volume of 101,773,016. The company has a market capitalization of $497.18 billion, a PE ratio of 36.38, a P/E/G ratio of 4.25 and a beta of 2.39. The stock has a 50 day moving average price of $180.88 and a two-hundred day moving average price of $213.04. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 1 year low of $152.37 and a 1 year high of $299.29.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The company had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. During the same quarter last year, the business earned $1.07 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Tesla, Inc. will post 1.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TSLA shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Tesla from $200.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, April 3rd. The Goldman Sachs Group lowered their price objective on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Tesla in a research report on Wednesday. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average price target of $197.15.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock worth $38,802,534 over the last 90 days. Company insiders own 20.90% of the company’s stock.

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.