Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,243 shares of the electric vehicle producer’s stock after selling 600 shares during the period. Schnieders Capital Management LLC’s holdings in Tesla were worth $2,794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TSLA. Fountainhead AM LLC lifted its holdings in Tesla by 6.2% during the 4th quarter. Fountainhead AM LLC now owns 14,934 shares of the electric vehicle producer’s stock worth $3,711,000 after buying an additional 866 shares during the last quarter. GAMMA Investing LLC bought a new position in Tesla during the fourth quarter worth $2,520,000. Eudaimonia Advisors LLC boosted its holdings in Tesla by 22.4% in the fourth quarter. Eudaimonia Advisors LLC now owns 1,611 shares of the electric vehicle producer’s stock worth $400,000 after purchasing an additional 295 shares during the period. QCM Cayman Ltd. increased its stake in Tesla by 19.7% during the fourth quarter. QCM Cayman Ltd. now owns 1,635 shares of the electric vehicle producer’s stock valued at $406,000 after purchasing an additional 269 shares during the last quarter. Finally, Masso Torrence Wealth Management Inc. raised its holdings in shares of Tesla by 10.1% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 6,861 shares of the electric vehicle producer’s stock worth $1,705,000 after purchasing an additional 627 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Up 1.9 %

Shares of TSLA traded up $2.63 during mid-day trading on Tuesday, reaching $144.68. The company’s stock had a trading volume of 119,642,343 shares, compared to its average volume of 101,872,688. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The company has a market cap of $460.78 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 3.89 and a beta of 2.40. The business has a fifty day moving average of $176.81 and a 200 day moving average of $209.24.

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 analysts’ consensus estimates of $0.74 by ($0.03). The business had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 earnings per share. As a group, analysts forecast that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TSLA shares. UBS Group lowered their price objective on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Sanford C. Bernstein cut their price target on Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday, March 26th. Wells Fargo & Company lowered their price objective on Tesla from $125.00 to $120.00 and set an “underweight” rating for the company in a research note on Friday, April 12th. Jefferies Financial Group cut their target price on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Finally, Robert W. Baird restated an “outperform” rating and set a $280.00 price target on shares of Tesla in a research report on Wednesday, April 17th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $194.33.

Insiders Place Their Bets

In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock worth $38,802,534 in the last quarter. 20.90% of the stock is currently owned by corporate insiders.

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.