GTS Securities LLC Cuts Stock Position in Tesla, Inc. (NASDAQ:TSLA)

GTS Securities LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 97.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,640 shares of the electric vehicle producer’s stock after selling 1,260,073 shares during the quarter. Tesla comprises about 0.7% of GTS Securities LLC’s investment portfolio, making the stock its 16th largest position. GTS Securities LLC’s holdings in Tesla were worth $14,797,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TSLA. Fourth Dimension Wealth LLC purchased a new stake in shares of Tesla during the 4th quarter valued at about $629,000. Breed s Hill Capital LLC purchased a new stake in Tesla during the fourth quarter valued at approximately $645,000. Vise Technologies Inc. raised its position in Tesla by 56.9% during the fourth quarter. Vise Technologies Inc. now owns 34,038 shares of the electric vehicle producer’s stock valued at $13,746,000 after purchasing an additional 12,342 shares during the period. Retirement Planning Group LLC lifted its stake in shares of Tesla by 19.3% in the 4th quarter. Retirement Planning Group LLC now owns 1,660 shares of the electric vehicle producer’s stock valued at $670,000 after purchasing an additional 268 shares during the last quarter. Finally, Pinnacle Wealth Management LLC boosted its holdings in shares of Tesla by 1.0% in the 4th quarter. Pinnacle Wealth Management LLC now owns 9,263 shares of the electric vehicle producer’s stock worth $3,741,000 after purchasing an additional 95 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 1.9%

NASDAQ:TSLA opened at $341.04 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm has a 50-day simple moving average of $275.05 and a 200-day simple moving average of $332.09. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The firm has a market cap of $1.10 trillion, a P/E ratio of 167.18, a P/E/G ratio of 5.86 and a beta of 2.43.

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). The business had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the previous year, the business earned $0.45 earnings per share. Equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of analyst reports. BNP Paribas set a $137.00 price target on Tesla and gave the stock an “underperform” rating in a research report on Wednesday, April 16th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Wednesday, April 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Tesla in a research note on Tuesday, April 22nd. Roth Mkm reduced their price objective on shares of Tesla from $450.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Finally, Morgan Stanley reissued a “buy” rating and issued a $430.00 price objective on shares of Tesla in a research note on Tuesday, April 22nd. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $289.43.

Insider Activity

In related news, CFO Vaibhav Taneja sold 6,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the completion of the sale, the chief financial officer now directly owns 23,084 shares in the company, valued at $6,833,325.68. This represents a 20.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at $25,466,850. This trade represents a 56.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 415,623 shares of company stock worth $116,650,831. 20.70% of the stock is currently owned by company 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.