Tesla, Inc. (NASDAQ:TSLA) Holdings Cut by FIDELIS iM LLC

FIDELIS iM LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA) by 17.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,690 shares of the electric vehicle producer’s stock after selling 1,871 shares during the period. Tesla comprises about 1.0% of FIDELIS iM LLC’s investment portfolio, making the stock its 13th biggest holding. FIDELIS iM LLC’s holdings in Tesla were worth $2,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. CORDA Investment Management LLC. acquired a new stake in shares of Tesla in the third quarter valued at approximately $1,317,000. Wetzel Investment Advisors Inc. increased its stake in shares of Tesla by 12.7% in the third quarter. Wetzel Investment Advisors Inc. now owns 823 shares of the electric vehicle producer’s stock valued at $215,000 after purchasing an additional 93 shares during the period. Vestor Capital LLC increased its stake in shares of Tesla by 557.5% during the third quarter. Vestor Capital LLC now owns 35,024 shares of the electric vehicle producer’s stock valued at $9,163,000 after acquiring an additional 29,697 shares during the period. Donaldson Capital Management LLC acquired a new position in shares of Tesla during the third quarter valued at approximately $233,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Tesla by 12.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 817,309 shares of the electric vehicle producer’s stock valued at $213,833,000 after acquiring an additional 93,389 shares during the period. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of several recent research reports. Morgan Stanley restated an “overweight” rating and issued a $310.00 price target on shares of Tesla in a research report on Thursday, October 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research note on Thursday, October 24th. New Street Research lowered shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective for the company. in a research note on Wednesday, July 24th. The Goldman Sachs Group lifted their target price on shares of Tesla from $230.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Glj Research reissued a “sell” rating and set a $24.86 target price on shares of Tesla in a research note on Thursday, October 17th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $219.45.

Insider Activity

In other news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,297 shares of company stock worth $3,065,866. Corporate insiders own 20.70% of the company’s stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $241.77 on Monday. The firm’s 50-day moving average is $234.14 and its 200-day moving average is $211.15. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $273.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The company has a market cap of $776.10 billion, a price-to-earnings ratio of 68.21, a PEG ratio of 8.24 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Tesla, Inc. will post 1.96 earnings per share for the current year.

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.