Proffitt & Goodson Inc. lowered its position in Tesla Inc (NASDAQ:TSLA) by 43.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 680 shares of the electric vehicle producer’s stock after selling 530 shares during the quarter. Proffitt & Goodson Inc.’s holdings in Tesla were worth $212,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Rikoon Group LLC raised its holdings in Tesla by 7.8% during the second quarter. Rikoon Group LLC now owns 691 shares of the electric vehicle producer’s stock worth $249,000 after purchasing an additional 50 shares in the last quarter. Linscomb & Williams Inc. raised its holdings in Tesla by 1.4% during the second quarter. Linscomb & Williams Inc. now owns 6,630 shares of the electric vehicle producer’s stock worth $2,397,000 after purchasing an additional 90 shares in the last quarter. Advisory Services Network LLC raised its holdings in Tesla by 21.6% during the second quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock worth $193,000 after purchasing an additional 95 shares in the last quarter. Nordea Investment Management AB raised its holdings in Tesla by 2.3% during the second quarter. Nordea Investment Management AB now owns 4,718 shares of the electric vehicle producer’s stock worth $1,706,000 after purchasing an additional 106 shares in the last quarter. Finally, Gofen & Glossberg LLC IL raised its holdings in Tesla by 13.6% during the second quarter. Gofen & Glossberg LLC IL now owns 1,037 shares of the electric vehicle producer’s stock worth $375,000 after purchasing an additional 124 shares in the last quarter. Institutional investors own 57.13% of the company’s stock.

TSLA has been the topic of a number of research analyst reports. Robert W. Baird reissued a “buy” rating and set a $411.00 price objective on shares of Tesla in a report on Friday, September 29th. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $308.16 price objective on the stock in a report on Tuesday, October 3rd. Bank of America reissued an “underperform” rating and set a $155.00 price objective on shares of Tesla in a report on Tuesday, October 3rd. Goldman Sachs Group reaffirmed a “sell” rating and issued a $210.00 target price on shares of Tesla in a report on Tuesday, October 3rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $265.00 target price on shares of Tesla in a report on Tuesday, October 3rd. Twelve investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $329.48.

In other Tesla news, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $330.29, for a total transaction of $723,335.10. Following the sale, the director now directly owns 154,419 shares in the company, valued at approximately $51,003,051.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Douglas Field sold 600 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $301.60, for a total transaction of $180,960.00. Following the sale, the vice president now owns 21,424 shares in the company, valued at $6,461,478.40. The disclosure for this sale can be found here. Insiders have sold a total of 13,956 shares of company stock worth $4,437,518 over the last 90 days. Insiders own 23.10% of the company’s stock.

Shares of Tesla Inc (NASDAQ TSLA) traded up $5.21 during midday trading on Friday, hitting $342.85. 4,520,467 shares of the company’s stock traded hands, compared to its average volume of 6,009,934. The stock has a market cap of $57,620.00, a price-to-earnings ratio of -40.05 and a beta of 0.94. Tesla Inc has a 52 week low of $242.01 and a 52 week high of $389.61. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping the consensus estimate of ($3.09) by $0.17. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The business’s revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. equities research analysts forecast that Tesla Inc will post -11.38 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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