Winthrop Advisory Group LLC Cuts Position in Tesla, Inc. (NASDAQ:TSLA)

Winthrop Advisory Group LLC decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,196 shares of the electric vehicle producer’s stock after selling 238 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Tesla were worth $3,310,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TSLA. Oppenheimer Asset Management Inc. raised its position in Tesla by 112.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 35,857 shares of the electric vehicle producer’s stock worth $7,095,000 after acquiring an additional 18,953 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Tesla by 20.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,101,923 shares of the electric vehicle producer’s stock valued at $218,048,000 after purchasing an additional 185,335 shares during the last quarter. Inspire Advisors LLC grew its holdings in Tesla by 23.4% in the second quarter. Inspire Advisors LLC now owns 2,012 shares of the electric vehicle producer’s stock valued at $398,000 after purchasing an additional 382 shares during the last quarter. Williams Financial LLC acquired a new stake in Tesla in the second quarter valued at $2,867,000. Finally, Seven Mile Advisory grew its holdings in Tesla by 23.6% in the second quarter. Seven Mile Advisory now owns 2,557 shares of the electric vehicle producer’s stock valued at $506,000 after purchasing an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 3.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 621,886 shares of company stock worth $213,451,751 in the last three months. 20.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. The Goldman Sachs Group increased their price objective on Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Morgan Stanley increased their price objective on Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Monday. Glj Research reissued a “sell” rating and issued a $24.86 price target on shares of Tesla in a research note on Friday, January 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $400.00 price target on shares of Tesla in a research note on Monday, November 18th. Nine investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $296.60.

Tesla Stock Down 2.0 %

TSLA stock traded down $7.74 during midday trading on Monday, hitting $387.00. 16,896,696 shares of the company’s stock were exchanged, compared to its average volume of 73,359,063. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The firm has a 50 day moving average price of $376.60 and a 200-day moving average price of $281.84. The stock has a market capitalization of $1.24 trillion, a price-to-earnings ratio of 106.03, a price-to-earnings-growth ratio of 10.80 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the previous year, the business earned $0.53 EPS. Tesla’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current year.

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.