Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Hanlon Investment Management Inc.

Hanlon Investment Management Inc. cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 12.3% in the third quarter, Holdings Channel reports. The fund owned 890 shares of the electric vehicle producer’s stock after selling 125 shares during the period. Hanlon Investment Management Inc.’s holdings in Tesla were worth $233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TSLA. China Universal Asset Management Co. Ltd. increased its stake in shares of Tesla by 0.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock worth $6,399,000 after acquiring an additional 331 shares during the last quarter. Blue Square Asset Management LLC grew its holdings in shares of Tesla by 33.7% during the 1st quarter. Blue Square Asset Management LLC now owns 24,125 shares of the electric vehicle producer’s stock worth $4,241,000 after purchasing an additional 6,083 shares during the period. Texas Permanent School Fund Corp grew its holdings in shares of Tesla by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 572,742 shares of the electric vehicle producer’s stock worth $100,682,000 after purchasing an additional 1,719 shares during the period. Advisory Alpha LLC grew its holdings in shares of Tesla by 15.8% during the 1st quarter. Advisory Alpha LLC now owns 11,727 shares of the electric vehicle producer’s stock worth $2,062,000 after purchasing an additional 1,602 shares during the period. Finally, VitalStone Financial LLC grew its holdings in shares of Tesla by 35.8% during the 1st quarter. VitalStone Financial LLC now owns 2,946 shares of the electric vehicle producer’s stock worth $518,000 after purchasing an additional 776 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $26,442,856.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $26,442,856.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,797 shares of company stock valued at $19,211,821 over the last quarter. Company insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. William Blair assumed coverage on Tesla in a report on Thursday, August 29th. They set an “outperform” rating for the company. Phillip Securities upgraded Tesla to a “moderate sell” rating in a report on Friday, October 25th. Cantor Fitzgerald restated a “neutral” rating and set a $245.00 target price on shares of Tesla in a report on Wednesday, October 23rd. Stifel Nicolaus raised their target price on Tesla from $265.00 to $287.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Tuesday, October 8th. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $219.45.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $251.44 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $273.54. The firm has a market capitalization of $807.14 billion, a PE ratio of 68.89, a price-to-earnings-growth ratio of 8.01 and a beta of 2.29. The stock’s 50-day simple moving average is $235.57 and its 200-day simple moving average is $212.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. As a group, equities research analysts forecast that Tesla, Inc. will post 1.96 EPS for the current fiscal year.

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.