Agur Provident & Training Funds Management Ltd. Reduces Position in Tesla, Inc. (NASDAQ:TSLA)

Agur Provident & Training Funds Management Ltd. decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 50.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,550 shares of the electric vehicle producer’s stock after selling 8,600 shares during the quarter. Tesla accounts for about 1.3% of Agur Provident & Training Funds Management Ltd.’s investment portfolio, making the stock its 17th biggest position. Agur Provident & Training Funds Management Ltd.’s holdings in Tesla were worth $3,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSLA. Principal Financial Group Inc. boosted its position in Tesla by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer’s stock valued at $955,052,000 after buying an additional 194,796 shares during the period. United Bank bought a new stake in shares of Tesla during the third quarter valued at approximately $287,000. Quantbot Technologies LP purchased a new stake in shares of Tesla in the third quarter valued at approximately $687,000. Glenmede Trust Co. NA grew its stake in Tesla by 34.1% in the third quarter. Glenmede Trust Co. NA now owns 50,899 shares of the electric vehicle producer’s stock worth $13,317,000 after purchasing an additional 12,955 shares in the last quarter. Finally, National Wealth Management Group LLC increased its holdings in Tesla by 92.8% during the 3rd quarter. National Wealth Management Group LLC now owns 4,925 shares of the electric vehicle producer’s stock worth $1,289,000 after purchasing an additional 2,371 shares during the period. 66.20% of the stock is owned by institutional investors.

Tesla Stock Up 0.4 %

TSLA opened at $273.13 on Friday. The company has a fifty day moving average of $324.59 and a two-hundred day moving average of $321.35. 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, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The stock has a market capitalization of $878.53 billion, a price-to-earnings ratio of 133.89, a PEG ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) 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%. On average, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley dropped their price target on Tesla from $430.00 to $410.00 and set an “overweight” rating on the stock in a research report on Friday, March 21st. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Cantor Fitzgerald upgraded shares of Tesla from a “neutral” rating to an “overweight” rating and set a $425.00 price target for the company in a report on Wednesday, March 19th. HSBC dropped their price objective on shares of Tesla from $165.00 to $130.00 and set a “reduce” rating on the stock in a research note on Thursday. Finally, Guggenheim reduced their price objective on shares of Tesla from $175.00 to $170.00 and set a “sell” rating for the company in a research note on Wednesday, March 12th. Nine equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $319.12.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the sale, the chief financial officer now owns 108,965 shares in the company, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $13,189,513.04. Following the transaction, the director now owns 477,011 shares of the company’s stock, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is owned by company insiders.

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.