Yousif Capital Management LLC Has $92.40 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Yousif Capital Management LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 371,857 shares of the electric vehicle producer’s stock after selling 8,894 shares during the quarter. Tesla comprises about 1.1% of Yousif Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Yousif Capital Management LLC’s holdings in Tesla were worth $92,399,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Opal Wealth Advisors LLC boosted its stake in Tesla by 1.0% during the 3rd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock valued at $1,089,000 after purchasing an additional 42 shares in the last quarter. Holderness Investments Co. boosted its stake in shares of Tesla by 1.6% during the 3rd quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock worth $650,000 after acquiring an additional 42 shares in the last quarter. Wagner Wealth Management LLC boosted its stake in shares of Tesla by 1.3% during the 3rd quarter. Wagner Wealth Management LLC now owns 3,384 shares of the electric vehicle producer’s stock worth $847,000 after acquiring an additional 44 shares in the last quarter. SCS Capital Management LLC boosted its stake in shares of Tesla by 0.3% during the 3rd quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock worth $4,224,000 after acquiring an additional 45 shares in the last quarter. Finally, Daymark Wealth Partners LLC boosted its position in shares of Tesla by 0.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock worth $2,622,000 after buying an additional 45 shares during the period. 66.20% of the stock is owned by institutional investors.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded up $2.63 during midday trading on Tuesday, hitting $144.68. The company’s stock had a trading volume of 119,642,343 shares, compared to its average volume of 101,872,688. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The stock has a market capitalization of $460.78 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 3.89 and a beta of 2.40. The stock’s 50 day simple moving average is $176.81 and its 200 day simple moving average is $209.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73.

Tesla (NASDAQ:TSLA) last released its earnings results 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). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same period last year, the business earned $1.07 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, research analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on 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 directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, 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. Over the last ninety days, insiders have sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on TSLA shares. Guggenheim reaffirmed a “sell” rating and issued a $122.00 target price on shares of Tesla in a research report on Tuesday. Redburn Atlantic started coverage on Tesla in a research report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 target price for the company. Truist Financial decreased their target price on Tesla from $193.00 to $176.00 and set a “hold” rating for the company in a research report on Wednesday, April 3rd. TD Cowen decreased their target price on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research report on Thursday, January 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $298.00 price objective on shares of Tesla in a report on Wednesday, March 27th. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $194.33.

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.