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

Menlo Advisors LLC reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,069 shares of the electric vehicle producer’s stock after selling 1,100 shares during the period. Tesla accounts for about 4.4% of Menlo Advisors LLC’s holdings, making the stock its 9th biggest holding. Menlo Advisors LLC’s holdings in Tesla were worth $8,508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Townsend Asset Management Corp NC ADV acquired a new stake in Tesla during the fourth quarter worth about $223,000. Raymond James Financial Inc. acquired a new stake in Tesla during the fourth quarter worth about $890,251,000. Dana Investment Advisors Inc. boosted its stake in Tesla by 42.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 3,120 shares of the electric vehicle producer’s stock worth $1,260,000 after buying an additional 925 shares during the period. Vision Financial Markets LLC purchased a new position in Tesla during the fourth quarter worth about $1,834,000. Finally, Cullen Frost Bankers Inc. boosted its stake in Tesla by 12.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 55,824 shares of the electric vehicle producer’s stock worth $22,544,000 after buying an additional 6,366 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $263.45 on Friday. The firm has a market capitalization of $847.39 billion, a P/E ratio of 129.14, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company’s fifty day moving average is $371.15 and its two-hundred day moving average is $317.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TSLA shares. Benchmark started coverage on shares of Tesla in a research note on Wednesday, February 12th. They set a “buy” rating and a $475.00 target price for the company. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Jefferies Financial Group increased their target price on shares of Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Royal Bank of Canada reaffirmed a “mixed” rating on shares of Tesla in a research note on Saturday, February 8th. Finally, Robert W. Baird lowered their target price on shares of Tesla from $440.00 to $370.00 and set an “outperform” rating for the company in a research note on Thursday. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $313.15.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at $2,222,802. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $45,063,565.40. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 422,452 shares of company stock worth $153,659,530 over the last ninety days. 20.70% of the stock is currently owned by insiders.

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.