Whittier Trust Co. of Nevada Inc. reduced its holdings in Tesla Inc (NASDAQ:TSLA) by 5.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,519 shares of the electric vehicle producer’s stock after selling 262 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Tesla were worth $1,407,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Jennison Associates LLC lifted its stake in shares of Tesla by 17.1% in the fourth quarter. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer’s stock worth $1,053,158,000 after buying an additional 494,761 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Tesla by 8.9% in the fourth quarter. American Century Companies Inc. now owns 655,149 shares of the electric vehicle producer’s stock worth $203,981,000 after buying an additional 53,279 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of Tesla by 77.1% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 635,692 shares of the electric vehicle producer’s stock worth $197,922,000 after buying an additional 276,781 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Tesla by 126.6% in the third quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock worth $186,601,000 after buying an additional 305,596 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Tesla by 1.3% in the third quarter. Legal & General Group Plc now owns 545,371 shares of the electric vehicle producer’s stock worth $186,026,000 after buying an additional 7,119 shares in the last quarter. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP John Douglas Field sold 1,000 shares of Tesla stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $334.87, for a total value of $334,870.00. Following the completion of the transaction, the vice president now owns 20,128 shares in the company, valued at $6,740,263.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $313.25, for a total transaction of $543,802.00. Following the completion of the transaction, the vice president now owns 1,225 shares of the company’s stock, valued at approximately $383,731.25. The disclosure for this sale can be found here. Insiders sold 10,231 shares of company stock valued at $3,292,431 in the last quarter. 23.10% of the stock is owned by insiders.

Tesla Inc (NASDAQ TSLA) opened at $310.42 on Monday. Tesla Inc has a 12 month low of $242.01 and a 12 month 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. The stock has a market cap of $52,419.70, a P/E ratio of -26.33 and a beta of 0.97.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.12) by $0.08. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the firm earned ($0.69) earnings per share. The firm’s quarterly revenue was up 43.9% on a year-over-year basis. equities research analysts forecast that Tesla Inc will post -6.87 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Tesla from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. UBS Group set a $195.00 price target on shares of Tesla and gave the stock a “sell” rating in a research note on Friday. Sanford C. Bernstein set a $265.00 price target on shares of Tesla and gave the stock a “hold” rating in a research note on Monday, November 13th. Barclays reissued a “sell” rating on shares of Tesla in a research note on Sunday, October 15th. Finally, Royal Bank of Canada decreased their price target on shares of Tesla from $345.00 to $340.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 2nd. Twelve analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $322.45.

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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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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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