Berkshire Capital Holdings Inc. Has $19.09 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Berkshire Capital Holdings Inc. lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 25.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,260 shares of the electric vehicle producer’s stock after selling 15,940 shares during the period. Tesla accounts for 6.9% of Berkshire Capital Holdings Inc.’s portfolio, making the stock its 2nd biggest holding. Berkshire Capital Holdings Inc.’s holdings in Tesla were worth $19,085,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TSLA. Swedbank AB lifted its holdings in Tesla by 2.8% in the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after purchasing an additional 29,669 shares during the period. Principal Financial Group Inc. lifted its holdings in Tesla by 5.6% in the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer’s stock worth $955,052,000 after purchasing an additional 194,796 shares during the period. United Bank acquired a new stake in Tesla in the third quarter worth about $287,000. SouthState Corp lifted its holdings in Tesla by 11.0% in the third quarter. SouthState Corp now owns 2,989 shares of the electric vehicle producer’s stock worth $782,000 after purchasing an additional 297 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Tesla by 12.7% in the third quarter. PNC Financial Services Group Inc. now owns 468,774 shares of the electric vehicle producer’s stock worth $122,645,000 after purchasing an additional 52,974 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now owns 108,965 shares in the company, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 477,228 shares of company stock worth $166,849,043 over the last 90 days. Insiders own 20.70% of the company’s stock.

Tesla Trading Up 4.7 %

NASDAQ:TSLA opened at $235.86 on Thursday. The stock’s 50 day moving average price is $341.28 and its 200 day moving average price is $320.02. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a market capitalization of $758.65 billion, a P/E ratio of 115.62, a P/E/G ratio of 5.86 and a beta of 2.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the subject of several research analyst reports. Mizuho reduced their price objective on shares of Tesla from $515.00 to $430.00 and set an “outperform” rating for the company in a report on Monday. Bank of America cut their price target on shares of Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. The Goldman Sachs Group reissued a “cautious” rating on shares of Tesla in a report on Monday, March 3rd. Stifel Nicolaus cut their price target on shares of Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a report on Monday, December 9th. Nine analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $321.12.

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.