Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC lessened its position in Tesla, Inc. (NASDAQ:TSLA) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 191,653 shares of the electric vehicle producer’s stock after selling 1,192 shares during the quarter. Tesla comprises 1.7% of Atalanta Sosnoff Capital LLC’s holdings, making the stock its 20th largest position. Atalanta Sosnoff Capital LLC’s holdings in Tesla were worth $77,397,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TSLA. Hengehold Capital Management LLC raised its position in shares of Tesla by 1.8% during the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer’s stock valued at $544,000 after buying an additional 24 shares during the period. Strategic Investment Advisors MI increased its stake in Tesla by 0.3% during the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer’s stock worth $2,823,000 after acquiring an additional 24 shares during the last quarter. Acropolis Investment Management LLC raised its position in Tesla by 0.9% in the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer’s stock valued at $1,136,000 after purchasing an additional 25 shares during the period. Mount Vernon Associates Inc. MD lifted its stake in shares of Tesla by 0.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer’s stock valued at $2,950,000 after purchasing an additional 25 shares during the last quarter. Finally, Vista Finance LLC grew its holdings in shares of Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer’s stock worth $1,417,000 after purchasing an additional 25 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 2.4 %

Shares of Tesla stock opened at $287.21 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $258.82 and a 200-day simple moving average of $324.47. The stock has a market cap of $925.09 billion, a price-to-earnings ratio of 140.79, a PEG ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a 12-month low of $167.41 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) 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 firm had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same period in the previous year, the business posted $0.45 EPS. On average, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on TSLA. Canaccord Genuity Group reduced their price objective 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. Argus set a $410.00 price objective on shares of Tesla in a report on Thursday, April 24th. Wedbush reiterated an “outperform” rating and issued a $350.00 target price on shares of Tesla in a report on Thursday. Truist Financial set a $280.00 price target on Tesla in a research note on Tuesday, April 22nd. Finally, UBS Group dropped their price objective on Tesla from $225.00 to $190.00 and set a “sell” rating for the company in a research note on Thursday, April 10th. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $287.46.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $24,274,300. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 486,618 shares of company stock valued at $155,887,459 over the last quarter. Company insiders own 20.70% of the company’s stock.

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.