Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 71.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,115 shares of the electric vehicle producer’s stock after selling 17,392 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Tesla were worth $1,768,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TSLA. Brown Advisory Inc. boosted its stake in shares of Tesla by 6.6% during the 3rd quarter. Brown Advisory Inc. now owns 25,999 shares of the electric vehicle producer’s stock worth $6,505,000 after acquiring an additional 1,604 shares in the last quarter. WealthShield Partners LLC lifted its stake in Tesla by 8.9% in the 3rd quarter. WealthShield Partners LLC now owns 2,389 shares of the electric vehicle producer’s stock valued at $598,000 after buying an additional 196 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Tesla by 11.9% in the 3rd quarter. Mackenzie Financial Corp now owns 267,828 shares of the electric vehicle producer’s stock valued at $66,028,000 after buying an additional 28,449 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Tesla by 32.6% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 3,663 shares of the electric vehicle producer’s stock valued at $917,000 after buying an additional 901 shares in the last quarter. Finally, Pennsylvania Capital Management Inc. ADV lifted its stake in Tesla by 1.6% in the 3rd quarter. Pennsylvania Capital Management Inc. ADV now owns 4,805 shares of the electric vehicle producer’s stock valued at $1,202,000 after buying an additional 77 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TSLA shares. Sanford C. Bernstein decreased their price target on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 26th. Truist Financial decreased their price target on shares of Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. China Renaissance assumed coverage on Tesla in a report on Monday, February 26th. They set a “hold” rating on the stock. Evercore ISI cut their price target on Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, April 29th. Finally, Citigroup increased their price target on Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $185.90.

Tesla Trading Up 2.0 %

NASDAQ TSLA traded up $3.57 on Monday, reaching $184.76. The stock had a trading volume of 84,172,375 shares, compared to its average volume of 104,452,320. The firm has a market capitalization of $589.24 billion, a price-to-earnings ratio of 47.13, a P/E/G ratio of 4.74 and a beta of 2.41. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The stock has a fifty day moving average price of $173.56 and a two-hundred day moving average price of $204.56.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock valued at $38,802,534 over the last quarter. 25.10% of the stock is owned by company insiders.

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.