DGS Capital Management LLC Sells 1,020 Shares of Tesla, Inc. (NASDAQ:TSLA)

DGS Capital Management LLC lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 25.2% in the fourth quarter, HoldingsChannel reports. The fund owned 3,021 shares of the electric vehicle producer’s stock after selling 1,020 shares during the period. DGS Capital Management LLC’s holdings in Tesla were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TSLA. Norges Bank bought a new stake in shares of Tesla in the fourth quarter valued at approximately $3,459,540,000. Moneta Group Investment Advisors LLC boosted its stake in shares of Tesla by 180,125.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 26,851,778 shares of the electric vehicle producer’s stock valued at $3,307,602,000 after buying an additional 26,836,879 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Tesla by 203.9% in the third quarter. Bank of New York Mellon Corp now owns 20,208,699 shares of the electric vehicle producer’s stock valued at $5,360,358,000 after buying an additional 13,558,882 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Tesla by 25,990.7% in the fourth quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock valued at $1,541,273,000 after buying an additional 6,179,032 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Tesla by 26.3% in the fourth quarter. Morgan Stanley now owns 25,427,168 shares of the electric vehicle producer’s stock valued at $3,132,119,000 after buying an additional 5,292,464 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 2.6 %

TSLA traded down $4.22 during trading on Tuesday, reaching $157.26. 60,644,921 shares of the stock traded hands, compared to its average volume of 101,660,273. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $500.84 billion, a PE ratio of 36.36, a P/E/G ratio of 4.50 and a beta of 2.40. The stock’s 50-day moving average is $181.44 and its 200 day moving average is $213.70. Tesla, Inc. has a 12 month low of $152.37 and a 12 month high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.07 EPS. Equities analysts anticipate that Tesla, Inc. will post 1.98 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated 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 directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group cut their price target on Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Morgan Stanley lowered their price objective on shares of Tesla from $320.00 to $310.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. China Renaissance initiated coverage on shares of Tesla in a research report on Monday, February 26th. They set a “hold” rating for the company. Truist Financial lowered their price objective on shares of Tesla from $193.00 to $176.00 and set a “hold” rating for the company in a research report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Tesla from $200.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Ten investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $198.81.

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.