Lindenwold Advisors INC Has $1.63 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Lindenwold Advisors INC cut its holdings in Tesla, Inc. (NASDAQ:TSLA) by 8.6% during the fourth quarter, HoldingsChannel reports. The firm owned 4,032 shares of the electric vehicle producer’s stock after selling 377 shares during the period. Lindenwold Advisors INC’s holdings in Tesla were worth $1,628,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Generali Investments Management Co LLC bought a new position in Tesla during the fourth quarter valued at about $3,810,000. GM Advisory Group LLC boosted its holdings in shares of Tesla by 6.4% in the 4th quarter. GM Advisory Group LLC now owns 9,440 shares of the electric vehicle producer’s stock worth $3,812,000 after acquiring an additional 569 shares in the last quarter. Investment House LLC lifted its holdings in Tesla by 3.8% during the 4th quarter. Investment House LLC now owns 5,605 shares of the electric vehicle producer’s stock worth $2,264,000 after buying an additional 205 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Tesla by 10.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 180,045 shares of the electric vehicle producer’s stock worth $72,522,000 after buying an additional 17,310 shares in the last quarter. Finally, Privium Fund Management B.V. lifted its holdings in Tesla by 1.9% during the 4th quarter. Privium Fund Management B.V. now owns 220,000 shares of the electric vehicle producer’s stock worth $88,845,000 after buying an additional 4,000 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on TSLA shares. TD Cowen upgraded shares of Tesla from a “hold” rating to a “buy” rating and upped their price objective for the company from $180.00 to $388.00 in a research report on Friday, March 7th. Oppenheimer reaffirmed a “mixed” rating on shares of Tesla in a research note on Tuesday. The Goldman Sachs Group reaffirmed a “cautious” rating on shares of Tesla in a research note on Monday, March 3rd. Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Tesla in a research note on Friday, March 7th. Finally, Morgan Stanley reaffirmed a “top pick” rating and set a $430.00 price objective on shares of Tesla in a research note on Monday, March 3rd. Nine research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $319.25.

Tesla Trading Down 5.3 %

Shares of NASDAQ:TSLA opened at $225.31 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.02 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 business has a 50 day moving average of $344.47 and a 200-day moving average of $320.61. The stock has a market cap of $724.71 billion, a PE ratio of 110.45, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. The trade was 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 at this link. Also, Director James R. Murdoch sold 54,776 shares of the business’s stock in a transaction that occurred 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 owns 477,011 shares of the company’s stock, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 477,228 shares of company stock worth $166,849,043 over the last three months. Corporate insiders own 20.70% of the company’s stock.

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.