Twin Capital Management Inc. Sells 894 Shares of Tesla, Inc. (NASDAQ:TSLA)

Twin Capital Management Inc. decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,472 shares of the electric vehicle producer’s stock after selling 894 shares during the period. Tesla makes up 1.4% of Twin Capital Management Inc.’s portfolio, making the stock its 9th biggest position. Twin Capital Management Inc.’s holdings in Tesla were worth $11,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Axiom Financial Strategies LLC boosted its position in shares of Tesla by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock valued at $777,000 after purchasing an additional 81 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Tesla by 19.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after purchasing an additional 164,789 shares in the last quarter. MAS Advisors LLC boosted its position in shares of Tesla by 25.7% during the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after purchasing an additional 81 shares in the last quarter. Ergoteles LLC boosted its position in shares of Tesla by 33.4% during the 1st quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock valued at $3,844,000 after purchasing an additional 893 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Tesla by 6.8% during the 1st quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock valued at $77,767,000 after purchasing an additional 4,593 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered shares of Tesla from a “buy” rating to a “hold” rating and reduced their price objective for the company from $189.00 to $123.00 in a research report on Thursday. HSBC reduced their price objective on shares of Tesla from $143.00 to $138.00 and set a “reduce” rating for the company in a research report on Wednesday, April 3rd. Barclays decreased their target price on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday. KGI Securities reiterated a “neutral” rating and issued a $213.00 target price (down from $309.00) on shares of Tesla in a report on Thursday, January 25th. Finally, Edward Jones cut shares of Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Ten analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $194.70.

Tesla Stock Down 3.4 %

TSLA traded down $5.23 during midday trading on Thursday, hitting $150.22. 64,955,652 shares of the company’s stock traded hands, compared to its average volume of 101,401,805. The company has a market cap of $478.42 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 4.15 and a beta of 2.39. The stock’s fifty day simple moving average is $180.24 and its 200-day simple moving average is $212.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla, Inc. has a one year low of $148.70 and a one year high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the previous year, the business posted $1.07 EPS. Tesla’s revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the sale, the director now owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $5,502,726. 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 90 days. 25.10% of the stock is currently 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.