Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Opinicus Capital Inc.

Opinicus Capital Inc. decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,137 shares of the electric vehicle producer’s stock after selling 213 shares during the quarter. Opinicus Capital Inc.’s holdings in Tesla were worth $863,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in Tesla in the third quarter worth about $29,000. Peterson Financial Group Inc. acquired a new stake in Tesla in the third quarter worth about $35,000. Finley Financial LLC acquired a new stake in Tesla in the fourth quarter worth about $64,000. E Fund Management Hong Kong Co. Ltd. lifted 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 purchasing an additional 187 shares during the period. Finally, Crews Bank & Trust acquired a new stake in Tesla in the fourth quarter worth about $91,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Down 6.3 %

TSLA opened at $328.50 on Wednesday. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 161.03, a P/E/G ratio of 6.22 and a beta of 2.34. The business has a 50 day moving average of $408.14 and a 200-day moving average of $305.46.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Tesla

In other Tesla news, Director Kimbal Musk sold 75,000 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the transaction, the director now directly owns 1,463,220 shares in the company, valued at $538,274,741.40. This represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction 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 transaction, the director now owns 85,000 shares of the company’s stock, valued at $26,727,400. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 635,776 shares of company stock worth $231,335,112. 20.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on TSLA. Cantor Fitzgerald reiterated a “neutral” rating and issued a $365.00 price target on shares of Tesla in a research report on Wednesday, January 29th. UBS Group boosted their price target on shares of Tesla from $226.00 to $259.00 and gave the stock a “sell” rating in a research report on Thursday, January 30th. Robert W. Baird dropped their price target on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. New Street Research upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target on the stock in a research report on Monday, January 6th. Finally, Stifel Nicolaus dropped their price target on shares of Tesla from $492.00 to $474.00 and set a “buy” rating on the stock in a research report on Monday. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $321.71.

About Tesla

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.