Tesla, Inc. (NASDAQ:TSLA) Stake Reduced by Signature Resources Capital Management LLC

Signature Resources Capital Management LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 48.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 575 shares of the electric vehicle producer’s stock after selling 549 shares during the period. Signature Resources Capital Management LLC’s holdings in Tesla were worth $232,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Great Waters Wealth Management lifted its stake in Tesla by 22.0% during the fourth quarter. Great Waters Wealth Management now owns 4,320 shares of the electric vehicle producer’s stock valued at $1,745,000 after buying an additional 780 shares in the last quarter. Transform Wealth LLC lifted its position in shares of Tesla by 12.0% in the 4th quarter. Transform Wealth LLC now owns 6,209 shares of the electric vehicle producer’s stock valued at $2,507,000 after acquiring an additional 666 shares in the last quarter. Tarbox Family Office Inc. boosted its stake in Tesla by 6.6% in the 4th quarter. Tarbox Family Office Inc. now owns 1,157 shares of the electric vehicle producer’s stock worth $467,000 after purchasing an additional 72 shares during the period. Clear Harbor Asset Management LLC grew its position in Tesla by 8.7% during the 4th quarter. Clear Harbor Asset Management LLC now owns 8,228 shares of the electric vehicle producer’s stock worth $3,323,000 after purchasing an additional 660 shares in the last quarter. Finally, Segment Wealth Management LLC raised its stake in Tesla by 9.9% during the 4th quarter. Segment Wealth Management LLC now owns 1,428 shares of the electric vehicle producer’s stock valued at $577,000 after purchasing an additional 129 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,442,856.32. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the sale, the director now directly 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. Over the last three months, insiders sold 617,886 shares of company stock valued at $212,451,751. 20.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TSLA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a report on Monday, December 9th. New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target on the stock in a research note on Monday, January 6th. KGI Securities raised Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Finally, Barclays raised their price objective on shares of Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Nine equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $309.48.

Tesla Stock Performance

NASDAQ TSLA opened at $412.38 on Friday. The stock has a market cap of $1.32 trillion, a P/E ratio of 112.98, a PEG ratio of 8.55 and a beta of 2.30. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company’s 50-day simple moving average is $395.08 and its 200 day simple moving average is $292.13.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 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 business had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter last year, the company earned $0.53 EPS. Tesla’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts forecast that Tesla, Inc. will post 2.01 earnings per share for the current fiscal year.

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.