Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its position in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 48.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 464,019 shares of the electric vehicle producer’s stock after selling 433,136 shares during the period. Sei Investments Co.’s holdings in Tesla were worth $57,159,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Gradient Investments LLC grew its holdings in Tesla by 97.7% in the fourth quarter. Gradient Investments LLC now owns 6,609 shares of the electric vehicle producer’s stock valued at $814,000 after purchasing an additional 3,266 shares during the last quarter. Oak Ridge Investments LLC lifted its position in shares of Tesla by 194.7% in the third quarter. Oak Ridge Investments LLC now owns 31,051 shares of the electric vehicle producer’s stock valued at $8,236,000 after acquiring an additional 20,516 shares in the last quarter. Mach 1 Financial Group LLC purchased a new stake in shares of Tesla in the third quarter valued at $300,000. GFG Capital LLC lifted its position in shares of Tesla by 178.3% in the third quarter. GFG Capital LLC now owns 3,910 shares of the electric vehicle producer’s stock valued at $1,037,000 after acquiring an additional 2,505 shares in the last quarter. Finally, Strategic Wealth Advisors Group LLC lifted its position in shares of Tesla by 196.7% in the third quarter. Strategic Wealth Advisors Group LLC now owns 133,923 shares of the electric vehicle producer’s stock valued at $35,523,000 after acquiring an additional 88,780 shares in the last quarter. Institutional investors and hedge funds own 43.00% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ TSLA traded up $5.64 during trading on Friday, reaching $190.11. The stock had a trading volume of 38,324,853 shares, compared to its average volume of 154,597,125. Tesla, Inc. has a one year low of $101.81 and a one year high of $314.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.04 and a current ratio of 1.57. The stock has a market cap of $602.55 billion, a PE ratio of 54.35, a P/E/G ratio of 2.43 and a beta of 2.00. The firm’s 50 day moving average price is $178.58 and its two-hundred day moving average price is $171.91.

Tesla (NASDAQ:TSLA – Get Rating) last issued its quarterly earnings results on Wednesday, April 19th. The electric vehicle producer reported $0.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.85. Tesla had a return on equity of 27.29% and a net margin of 13.66%. The business had revenue of $23.33 billion during the quarter, compared to the consensus estimate of $23.36 billion. During the same period in the previous year, the business earned $0.95 EPS. The business’s quarterly revenue was up 24.4% on a year-over-year basis. On average, research analysts forecast that Tesla, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Andrew D. Baglino sold 1,298 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $195.79, for a total transaction of $254,135.42. Following the completion of the transaction, the senior vice president now owns 65,547 shares in the company, valued at approximately $12,833,447.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Andrew D. Baglino sold 1,298 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $195.79, for a total transaction of $254,135.42. Following the completion of the transaction, the senior vice president now owns 65,547 shares in the company, valued at approximately $12,833,447.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kimbal Musk sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $195.73, for a total value of $19,573,000.00. Following the transaction, the director now owns 1,608,720 shares of the company’s stock, valued at approximately $314,874,765.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,220 shares of company stock worth $29,479,261. 25.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Truist Financial downgraded Tesla from a “buy” rating to a “hold” rating and reduced their price objective for the company from $245.00 to $154.00 in a research report on Friday, April 21st. Wells Fargo & Company reduced their price objective on Tesla from $190.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 20th. Wedbush reduced their price objective on Tesla from $225.00 to $215.00 in a research report on Thursday, April 20th. Cowen increased their target price on Tesla from $122.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, January 26th. Finally, StockNews.com assumed coverage on Tesla in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $204.33.

About Tesla

(Get Rating)

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits.