Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Lessened by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC lessened its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,913 shares of the electric vehicle producer’s stock after selling 1,983 shares during the quarter. Tesla accounts for about 9.5% of Mezzasalma Advisors LLC’s holdings, making the stock its biggest position. Mezzasalma Advisors LLC’s holdings in Tesla were worth $29,445,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TSLA. Carnegie Investment Counsel boosted its holdings in Tesla by 29.6% in the 3rd quarter. Carnegie Investment Counsel now owns 6,630 shares of the electric vehicle producer’s stock valued at $1,735,000 after purchasing an additional 1,515 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in Tesla by 18.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 2,489 shares of the electric vehicle producer’s stock valued at $651,000 after purchasing an additional 384 shares in the last quarter. CX Institutional boosted its holdings in Tesla by 2.4% in the 3rd quarter. CX Institutional now owns 60,211 shares of the electric vehicle producer’s stock valued at $15,753,000 after purchasing an additional 1,435 shares in the last quarter. Wesbanco Bank Inc. boosted its holdings in Tesla by 399.8% in the 3rd quarter. Wesbanco Bank Inc. now owns 30,074 shares of the electric vehicle producer’s stock valued at $7,868,000 after purchasing an additional 24,057 shares in the last quarter. Finally, Creative Planning boosted its holdings in Tesla by 28.3% in the 3rd quarter. Creative Planning now owns 896,484 shares of the electric vehicle producer’s stock valued at $221,677,000 after purchasing an additional 197,839 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 6.3 %

Shares of NASDAQ TSLA opened at $328.50 on Wednesday. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The firm has a fifty day moving average of $408.14 and a 200-day moving average of $305.46. The stock has a market capitalization of $1.06 trillion, a PE ratio of 161.03, a P/E/G ratio of 6.22 and a beta of 2.34. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) 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, analysts anticipate that Tesla, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TSLA. Morgan Stanley lifted their price target on shares of Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Canaccord Genuity Group lifted their price target on shares of Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their price target on shares of Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Jefferies Financial Group lifted their price target on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Finally, Evercore ISI lifted their price target on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research report on Friday, January 3rd. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $321.71.

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were 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 of the company’s stock, valued at approximately $1,903,716. This represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction 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 sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 635,776 shares of company stock valued at $231,335,112. Company insiders own 20.70% of the company’s stock.

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.