Schubert & Co Sells 344 Shares of Tesla, Inc. (NASDAQ:TSLA)

Schubert & Co lessened its stake in Tesla, Inc. (NASDAQ:TSLA) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,594 shares of the electric vehicle producer’s stock after selling 344 shares during the quarter. Tesla accounts for approximately 0.4% of Schubert & Co’s holdings, making the stock its 24th biggest position. Schubert & Co’s holdings in Tesla were worth $644,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TSLA. Davidson Investment Advisors boosted its stake in Tesla by 14.1% in the 4th quarter. Davidson Investment Advisors now owns 1,678 shares of the electric vehicle producer’s stock worth $678,000 after purchasing an additional 208 shares during the period. Proactive Wealth Strategies LLC boosted its stake in Tesla by 4.7% in the 4th quarter. Proactive Wealth Strategies LLC now owns 6,139 shares of the electric vehicle producer’s stock worth $2,479,000 after purchasing an additional 274 shares during the period. Kestra Investment Management LLC boosted its stake in Tesla by 69.9% in the 4th quarter. Kestra Investment Management LLC now owns 5,683 shares of the electric vehicle producer’s stock worth $2,295,000 after purchasing an additional 2,339 shares during the period. Kornitzer Capital Management Inc. KS boosted its stake in Tesla by 44.1% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 4,439 shares of the electric vehicle producer’s stock worth $1,793,000 after purchasing an additional 1,358 shares during the period. Finally, Mraz Amerine & Associates Inc. bought a new position in Tesla in the 4th quarter worth approximately $410,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $337.80 on Friday. The stock’s fifty day moving average is $400.17 and its two-hundred day moving average is $312.40. The firm has a market capitalization of $1.09 trillion, a P/E ratio of 165.59, a price-to-earnings-growth ratio of 5.97 and a beta of 2.34. 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, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data 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%. On average, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent research reports. Guggenheim reaffirmed a “sell” rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday, January 29th. Barclays increased their price target on Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft increased 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. Canaccord Genuity Group increased their target price on Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Phillip Securities lowered Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $326.50.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the sale, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 75,000 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the sale, the director now owns 1,463,220 shares in the company, valued at $538,274,741.40. This represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 523,386 shares of company stock worth $195,995,200 over the last quarter. 20.70% of the stock is currently owned by company insiders.

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.