Tesla Inc (TSLA) Shares Sold by Baird Financial Group Inc.
Baird Financial Group Inc. trimmed its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,546 shares of the electric vehicle producer’s stock after selling 3,095 shares during the period. Baird Financial Group Inc.’s holdings in Tesla were worth $24,455,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. FDx Advisors Inc. purchased a new position in shares of Tesla during the 4th quarter worth approximately $203,000. Synovus Financial Corp purchased a new position in shares of Tesla during the 4th quarter worth approximately $215,000. D L Carlson Investment Group Inc. increased its stake in shares of Tesla by 11.7% during the 4th quarter. D L Carlson Investment Group Inc. now owns 13,580 shares of the electric vehicle producer’s stock worth $4,228,000 after purchasing an additional 1,425 shares in the last quarter. Centaurus Financial Inc. purchased a new position in shares of Tesla during the 4th quarter worth approximately $212,000. Finally, Crewe Advisors LLC purchased a new position in shares of Tesla during the 4th quarter worth approximately $564,000. 58.30% of the stock is owned by institutional investors and hedge funds.
In related news, VP Eric Branderiz sold 801 shares of Tesla stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $354.58, for a total transaction of $284,018.58. Following the transaction, the vice president now owns 1,287 shares in the company, valued at approximately $456,344.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Douglas Field sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $334.87, for a total transaction of $334,870.00. Following the completion of the transaction, the vice president now owns 20,128 shares in the company, valued at approximately $6,740,263.36. The disclosure for this sale can be found here. Insiders have sold a total of 7,719 shares of company stock worth $2,506,406 in the last 90 days. Company insiders own 23.10% of the company’s stock.
Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 33.08%. The business’s quarterly revenue was up 43.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.69) EPS. equities research analysts forecast that Tesla Inc will post -15.15 EPS for the current year.
Several analysts have commented on the stock. Zacks Investment Research cut shares of Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. UBS Group set a $195.00 target price on shares of Tesla and gave the stock a “sell” rating in a research note on Friday, February 9th. Vetr raised shares of Tesla from a “hold” rating to a “buy” rating and set a $339.63 target price for the company in a research note on Monday, February 12th. ValuEngine raised shares of Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. set a $190.00 target price on shares of Tesla and gave the stock a “sell” rating in a research note on Thursday, February 8th. Thirteen analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $321.86.
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Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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