Quantum Private Wealth LLC Decreases Holdings in Tesla, Inc. (NASDAQ:TSLA)

Quantum Private Wealth LLC trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,440 shares of the electric vehicle producer’s stock after selling 74 shares during the period. Quantum Private Wealth LLC’s holdings in Tesla were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Wyrmwood Management LLC purchased a new stake in shares of Tesla in the 4th quarter valued at about $25,000. Lam Group Inc. purchased a new stake in shares of Tesla in the 4th quarter valued at about $25,000. Alpha Paradigm Partners LLC purchased a new stake in shares of Tesla in the 3rd quarter valued at about $27,000. MayTech Global Investments LLC purchased a new stake in shares of Tesla in the 4th quarter valued at about $30,000. Finally, Perkins Coie Trust Co lifted its holdings in shares of Tesla by 72.0% in the 3rd quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 54 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

TSLA stock traded down $1.26 on Wednesday, reaching $155.85. The company had a trading volume of 39,092,352 shares, compared to its average volume of 101,321,320. Tesla, Inc. has a 1 year low of $152.37 and a 1 year high of $299.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The company’s fifty day moving average is $180.88 and its 200 day moving average is $213.04. The company has a market cap of $496.35 billion, a P/E ratio of 35.90, a PEG ratio of 4.25 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The company had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same period in the previous year, the company posted $1.07 EPS. Tesla’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts forecast that Tesla, Inc. will post 1.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Daiwa Capital Markets downgraded Tesla from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $245.00 to $195.00 in a report on Tuesday, February 6th. Edward Jones downgraded Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. HSBC reduced their price objective on Tesla from $143.00 to $138.00 and set a “reduce” rating for the company in a research note on Wednesday, April 3rd. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 3rd. Ten equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $198.81.

Insider Activity at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is owned by corporate 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.