Teza Capital Management LLC Reduces Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Teza Capital Management LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 92.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 608 shares of the electric vehicle producer’s stock after selling 7,221 shares during the period. Teza Capital Management LLC’s holdings in Tesla were worth $246,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC purchased a new position in shares of Tesla during the 4th quarter worth about $56,600,000. Stephens Consulting LLC boosted its position in shares of Tesla by 126.7% during the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer’s stock valued at $644,000 after buying an additional 891 shares during the period. Strategic Family Wealth Counselors L.L.C. grew its stake in shares of Tesla by 133.7% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer’s stock valued at $1,150,000 after buying an additional 1,629 shares during the last quarter. Harvard Management Co. Inc. purchased a new stake in shares of Tesla in the fourth quarter worth approximately $8,158,000. Finally, Vontobel Holding Ltd. lifted its stake in shares of Tesla by 23.0% during the 4th quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer’s stock worth $130,158,000 after acquiring an additional 60,342 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Up 0.5%

Tesla stock opened at $343.82 on Wednesday. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. The business has a fifty day moving average price of $271.29 and a 200-day moving average price of $331.39. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 168.54, a PEG ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The business 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. Equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 54,776 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares in the company, valued at $114,859,478.69. This trade represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $350.11, for a total value of $1,050,330.00. Following the completion of the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $9,435,464.50. This represents a 10.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 415,623 shares of company stock valued at $116,650,831. Insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TSLA. UBS Group cut their price objective on Tesla from $225.00 to $190.00 and set a “sell” rating on the stock in a research report on Thursday, April 10th. Canaccord Genuity Group cut their price target on shares of Tesla from $404.00 to $303.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Tesla from $420.00 to $345.00 and set a “buy” rating for the company in a report on Friday, March 28th. Oppenheimer restated a “mixed” rating on shares of Tesla in a research note on Tuesday, March 18th. Finally, Barclays reduced their target price on shares of Tesla from $325.00 to $275.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $289.43.

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.