Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Regatta Capital Group LLC

Regatta Capital Group LLC decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 6.0% in the 4th quarter, Holdings Channel reports. The firm owned 16,826 shares of the electric vehicle producer’s stock after selling 1,081 shares during the period. Tesla accounts for about 1.3% of Regatta Capital Group LLC’s investment portfolio, making the stock its 17th biggest holding. Regatta Capital Group LLC’s holdings in Tesla were worth $6,795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Quarry LP purchased a new position in Tesla during the 2nd quarter worth $48,000. Clearbridge Investments LLC lifted its position in Tesla by 9.1% in the second quarter. Clearbridge Investments LLC now owns 1,207,779 shares of the electric vehicle producer’s stock valued at $238,995,000 after purchasing an additional 101,114 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Tesla in the 2nd quarter valued at approximately $807,000. Creekside Partners acquired a new position in Tesla during the 2nd quarter worth approximately $476,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Tesla in the 2nd quarter valued at approximately $45,548,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Performance

Shares of TSLA stock opened at $389.10 on Thursday. The firm has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 106.60, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The company has a 50 day moving average price of $401.04 and a 200 day moving average price of $296.63. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.24% and a net margin of 13.07%. Sell-side analysts anticipate that Tesla, Inc. will post 2.01 EPS for the current year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $40,775,792.65. The trade was a 2.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 60,500 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the sale, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 617,886 shares of company stock valued at $212,451,751 in the last three months. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TSLA. Canaccord Genuity Group upped their price objective on Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and increased their price target for the company from $85.00 to $380.00 in a report on Monday, December 2nd. KGI Securities upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price objective for the company in a research note on Thursday, October 24th. Jefferies Financial Group increased their target price on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Finally, Glj Research reissued a “sell” rating and set a $24.86 price target on shares of Tesla in a research note on Friday, January 3rd. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $313.84.

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.