Cohen Investment Advisors LLC Sells 45 Shares of Tesla, Inc. (NASDAQ:TSLA)

Cohen Investment Advisors LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 3.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,449 shares of the electric vehicle producer’s stock after selling 45 shares during the period. Cohen Investment Advisors LLC’s holdings in Tesla were worth $379,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TSLA. Westwood Holdings Group Inc. grew its position in Tesla by 55.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,787 shares of the electric vehicle producer’s stock worth $693,000 after purchasing an additional 990 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Tesla during the 4th quarter valued at approximately $37,000. Elo Mutual Pension Insurance Co lifted its stake in Tesla by 4.5% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 249,398 shares of the electric vehicle producer’s stock worth $61,970,000 after purchasing an additional 10,650 shares in the last quarter. State of Tennessee Treasury Department lifted its stake in Tesla by 0.7% in the 4th quarter. State of Tennessee Treasury Department now owns 1,128,102 shares of the electric vehicle producer’s stock worth $280,311,000 after purchasing an additional 7,486 shares in the last quarter. Finally, Regal Investment Advisors LLC lifted its stake in Tesla by 7.9% in the 4th quarter. Regal Investment Advisors LLC now owns 8,592 shares of the electric vehicle producer’s stock worth $2,135,000 after purchasing an additional 631 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Trading Down 3.7 %

Shares of NASDAQ:TSLA traded down $9.25 on Monday, hitting $240.83. The company had a trading volume of 67,862,059 shares, compared to its average volume of 95,409,727. The firm’s 50-day simple moving average is $224.00 and its two-hundred day simple moving average is $201.78. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $271.00. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $768.05 billion, a price-to-earnings ratio of 61.77, a P/E/G ratio of 6.79 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The firm had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. Equities analysts anticipate that Tesla, Inc. will post 1.74 earnings per share for the current fiscal year.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at $18,696,600. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,661 shares of company stock worth $16,663,291. 25.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on TSLA shares. Argus reiterated a “buy” rating and issued a $286.00 target price on shares of Tesla in a research note on Friday, July 26th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $120.00 target price on shares of Tesla in a research note on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $224.00 target price on shares of Tesla in a research note on Wednesday, September 25th. Wolfe Research assumed coverage on shares of Tesla in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, HSBC increased their price target on shares of Tesla from $120.00 to $130.00 in a report on Wednesday, July 10th. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $210.54.

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.