Appleton Partners Inc. MA Sells 210 Shares of Tesla, Inc. (NASDAQ:TSLA)

Appleton Partners Inc. MA lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 19.1% during the 4th quarter, HoldingsChannel reports. The fund owned 889 shares of the electric vehicle producer’s stock after selling 210 shares during the period. Appleton Partners Inc. MA’s holdings in Tesla were worth $359,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TSLA. Transcendent Capital Group LLC purchased a new position in Tesla in the third quarter worth about $29,000. Peterson Financial Group Inc. purchased a new position in Tesla in the third quarter worth about $35,000. Finley Financial LLC purchased a new position in Tesla in the fourth quarter worth about $64,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Tesla by 692.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock worth $56,000 after buying an additional 187 shares during the last quarter. Finally, Crews Bank & Trust purchased a new position in Tesla in the fourth quarter worth about $91,000. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at approximately $26,727,400. This represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $1,903,716. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 635,776 shares of company stock worth $231,335,112. 20.70% of the stock is owned by insiders.

Tesla Stock Performance

TSLA opened at $328.50 on Wednesday. The firm has a market cap of $1.06 trillion, a P/E ratio of 161.03, a PEG ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a 50 day simple moving average of $408.14 and a two-hundred day simple moving average of $305.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA) last posted 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 return on equity of 10.31% and a net margin of 7.26%. Equities analysts forecast that Tesla, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on TSLA shares. Canaccord Genuity Group lifted their target price on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Wedbush lifted their target price on shares of Tesla from $515.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Morgan Stanley boosted their price objective on shares of Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Stifel Nicolaus decreased their price objective on shares of Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a report on Monday. Finally, Jefferies Financial Group boosted their price objective on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $321.71.

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.