Lebenthal Global Advisors LLC Sells 110 Shares of Tesla, Inc. (NASDAQ:TSLA)

Lebenthal Global Advisors LLC lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,831 shares of the electric vehicle producer’s stock after selling 110 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Tesla were worth $739,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Foundations Investment Advisors LLC boosted its stake in shares of Tesla by 4.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 36,101 shares of the electric vehicle producer’s stock valued at $14,579,000 after purchasing an additional 1,407 shares during the period. tru Independence LLC bought a new stake in Tesla during the 4th quarter valued at about $233,000. Cornell Pochily Investment Advisors Inc. boosted its position in Tesla by 10.0% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 3,639 shares of the electric vehicle producer’s stock valued at $1,469,000 after buying an additional 330 shares during the period. Summit Financial Strategies Inc. grew its stake in Tesla by 14.0% in the 4th quarter. Summit Financial Strategies Inc. now owns 10,772 shares of the electric vehicle producer’s stock worth $4,350,000 after acquiring an additional 1,321 shares in the last quarter. Finally, Heartland Bank & Trust Co increased its position in shares of Tesla by 0.8% during the fourth quarter. Heartland Bank & Trust Co now owns 6,286 shares of the electric vehicle producer’s stock worth $2,539,000 after acquiring an additional 49 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

NASDAQ:TSLA opened at $400.28 on Friday. The stock has a market capitalization of $1.28 trillion, a PE ratio of 109.67, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The stock’s 50-day moving average price is $401.98 and its 200-day moving average price is $297.28.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 13.07% and a return on equity of 10.24%. As a group, equities analysts expect that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSLA. Jefferies Financial Group increased their price objective on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their price target on shares of Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Wedbush lifted their price objective on shares of Tesla from $515.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald restated a “neutral” rating and set a $365.00 target price on shares of Tesla in a report on Wednesday. Finally, Canaccord Genuity Group boosted their price target on Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $318.31.

Insiders Place Their Bets

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at $1,868,508. This represents a 94.88 % decrease in their position. 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 112,390 shares of Tesla stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 553,386 shares of company stock worth $196,305,796. Company insiders own 20.70% of the company’s stock.

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.