RPG Investment Advisory LLC Sells 201 Shares of Tesla, Inc. (NASDAQ:TSLA)

RPG Investment Advisory LLC cut its holdings in Tesla, Inc. (NASDAQ:TSLA) by 11.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,579 shares of the electric vehicle producer’s stock after selling 201 shares during the period. RPG Investment Advisory LLC’s holdings in Tesla were worth $638,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Cannon Wealth Management Services LLC increased its holdings in shares of Tesla by 3.5% in the fourth quarter. Cannon Wealth Management Services LLC now owns 4,116 shares of the electric vehicle producer’s stock worth $1,579,000 after buying an additional 139 shares during the period. Cape ANN Savings Bank grew its position in Tesla by 2.9% during the 4th quarter. Cape ANN Savings Bank now owns 1,746 shares of the electric vehicle producer’s stock worth $705,000 after acquiring an additional 49 shares during the last quarter. Colonial River Investments LLC increased its stake in Tesla by 2.6% in the 4th quarter. Colonial River Investments LLC now owns 6,129 shares of the electric vehicle producer’s stock worth $2,475,000 after purchasing an additional 154 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Tesla in the fourth quarter valued at approximately $2,902,000. Finally, World Equity Group Inc. boosted its stake in shares of Tesla by 101.4% during the fourth quarter. World Equity Group Inc. now owns 12,882 shares of the electric vehicle producer’s stock valued at $5,202,000 after purchasing an additional 6,487 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the completion of the sale, the director now directly owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at $30,095,100. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 523,386 shares of company stock worth $195,995,200. Insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on TSLA shares. New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price on the stock in a research note on Monday, January 6th. Cantor Fitzgerald restated a “neutral” rating and issued a $365.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and increased their target price for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Wells Fargo & Company boosted their price target on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 30th. Finally, Barclays increased their price objective on Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tesla presently has an average rating of “Hold” and a consensus target price of $319.57.

Tesla Price Performance

NASDAQ TSLA opened at $290.80 on Thursday. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The stock has a 50-day moving average of $390.99 and a 200 day moving average of $315.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company has a market capitalization of $935.36 billion, a price-to-earnings ratio of 142.55, a PEG ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

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.