Schear Investment Advisers LLC Has $327,000 Stake in Tesla, Inc. (NASDAQ:TSLA)

Schear Investment Advisers LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,314 shares of the electric vehicle producer’s stock after selling 195 shares during the quarter. Schear Investment Advisers LLC’s holdings in Tesla were worth $327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zhang Financial LLC boosted its holdings in shares of Tesla by 2.2% during the fourth quarter. Zhang Financial LLC now owns 6,713 shares of the electric vehicle producer’s stock worth $1,668,000 after acquiring an additional 147 shares during the period. Knights of Columbus Asset Advisors LLC lifted its holdings in Tesla by 1.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 49,017 shares of the electric vehicle producer’s stock worth $12,180,000 after purchasing an additional 484 shares during the last quarter. Wheelhouse Advisory Group LLC bought a new stake in Tesla in the 4th quarter valued at $1,034,000. Financial Symmetry Inc acquired a new position in Tesla in the 4th quarter valued at $499,000. Finally, HTLF Bank bought a new position in Tesla during the 4th quarter worth $741,000. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $5,502,726. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla 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 sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock worth $38,802,534 in the last quarter. 25.10% of the stock is currently owned by corporate insiders.

Tesla Stock Down 1.8 %

Shares of TSLA traded down $2.66 during trading hours on Friday, reaching $147.27. The stock had a trading volume of 67,026,942 shares, compared to its average volume of 101,347,500. The company has a market capitalization of $469.02 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 4.11 and a beta of 2.39. The firm has a 50-day simple moving average of $179.45 and a 200 day simple moving average of $212.21. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 12 month low of $147.21 and a 12 month high of $299.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $1.07 earnings per share. Equities research analysts predict that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on TSLA shares. Mizuho restated a “neutral” rating and issued a $195.00 price target (down from $270.00) on shares of Tesla in a research note on Monday, March 25th. Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Tuesday, April 2nd. UBS Group dropped their price target on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Barclays reduced their price target on Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company lowered their price objective on Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research note on Friday, April 12th. Ten equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and an average target price of $194.70.

Tesla 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.