Lindenwold Advisors INC Sells 377 Shares of Tesla, Inc. (NASDAQ:TSLA)

Lindenwold Advisors INC trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,032 shares of the electric vehicle producer’s stock after selling 377 shares during the quarter. Lindenwold Advisors INC’s holdings in Tesla were worth $1,628,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TSLA. Generali Investments Management Co LLC acquired a new position in Tesla in the 4th quarter valued at about $3,810,000. GM Advisory Group LLC boosted its position in shares of Tesla by 6.4% during the 4th quarter. GM Advisory Group LLC now owns 9,440 shares of the electric vehicle producer’s stock worth $3,812,000 after acquiring an additional 569 shares in the last quarter. Investment House LLC boosted its position in shares of Tesla by 3.8% during the 4th quarter. Investment House LLC now owns 5,605 shares of the electric vehicle producer’s stock worth $2,264,000 after acquiring an additional 205 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of Tesla by 10.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 180,045 shares of the electric vehicle producer’s stock worth $72,522,000 after acquiring an additional 17,310 shares in the last quarter. Finally, Privium Fund Management B.V. lifted its stake in Tesla by 1.9% in the 4th quarter. Privium Fund Management B.V. now owns 220,000 shares of the electric vehicle producer’s stock valued at $88,845,000 after purchasing an additional 4,000 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the company’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 sale, the director now owns 477,011 shares of the company’s stock, valued at $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 477,228 shares of company stock valued at $166,849,043. Insiders own 20.70% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $225.31 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The stock has a 50-day moving average of $344.47 and a two-hundred day moving average of $320.61. The company has a market cap of $724.71 billion, a P/E ratio of 110.45, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

TSLA has been the subject of several analyst reports. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Barclays lifted their target price on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Canaccord Genuity Group restated a “buy” rating and issued a $404.00 price target on shares of Tesla in a report on Monday. Guggenheim reduced their price target on shares of Tesla from $175.00 to $170.00 and set a “sell” rating for the company in a report on Wednesday, March 12th. Finally, Wedbush restated an “outperform” rating and issued a $550.00 price target on shares of Tesla in a report on Friday, March 7th. Nine investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus price target of $319.25.

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.