Siemens Fonds Invest GmbH Trims Position in Tesla, Inc. (NASDAQ:TSLA)

Siemens Fonds Invest GmbH trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 48.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,789 shares of the electric vehicle producer’s stock after selling 25,263 shares during the period. Siemens Fonds Invest GmbH’s holdings in Tesla were worth $10,818,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Horrell Capital Management Inc. grew its stake in Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. lifted its stake in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after purchasing an additional 58 shares during the period. Navigoe LLC purchased a new stake in Tesla in the 4th quarter valued at about $37,000. CoreFirst Bank & Trust purchased a new stake in Tesla in the fourth quarter valued at approximately $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Tesla in the 4th quarter worth $39,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Down 1.4%

NASDAQ TSLA opened at $342.82 on Friday. The business’s fifty day moving average is $264.96 and its 200-day moving average is $328.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 168.05, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion during the quarter, compared to analysts’ expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the previous year, the company posted $0.45 EPS. Equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 112,395 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the sale, the director now directly owns 85,000 shares in the company, valued at approximately $23,300,200. This represents a 56.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares of the company’s stock, valued at $114,859,478.69. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 412,623 shares of company stock valued at $115,600,501 over the last three months. 20.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TSLA has been the subject of a number of research reports. Morgan Stanley reaffirmed a “buy” rating and set a $430.00 price target on shares of Tesla in a research report on Tuesday, April 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Wednesday, April 23rd. Argus set a $410.00 price target on Tesla in a research report on Thursday, April 24th. Oppenheimer restated a “mixed” rating on shares of Tesla in a research note on Tuesday, March 18th. Finally, Canaccord Genuity Group reduced their price target on shares of Tesla from $404.00 to $303.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $287.46.

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.