Headlands Technologies LLC Sells 11,827 Shares of Tesla, Inc. $TSLA

Headlands Technologies LLC reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 31.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,916 shares of the electric vehicle producer’s stock after selling 11,827 shares during the quarter. Tesla makes up approximately 1.0% of Headlands Technologies LLC’s holdings, making the stock its 15th biggest position. Headlands Technologies LLC’s holdings in Tesla were worth $8,232,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Empirical Capital Management LLC boosted its holdings in Tesla by 100.0% during the second quarter. Empirical Capital Management LLC now owns 6,000 shares of the electric vehicle producer’s stock worth $1,906,000 after purchasing an additional 3,000 shares during the last quarter. Strategic Investment Advisors MI boosted its stake in shares of Tesla by 5.2% during the 2nd quarter. Strategic Investment Advisors MI now owns 8,155 shares of the electric vehicle producer’s stock worth $2,586,000 after buying an additional 401 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Tesla by 5.2% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,497,730 shares of the electric vehicle producer’s stock valued at $794,386,000 after acquiring an additional 123,818 shares in the last quarter. 44 Wealth Management LLC increased its position in shares of Tesla by 20.3% in the second quarter. 44 Wealth Management LLC now owns 1,345 shares of the electric vehicle producer’s stock valued at $427,000 after acquiring an additional 227 shares during the last quarter. Finally, Nikulski Financial Inc. boosted its position in Tesla by 38.1% during the second quarter. Nikulski Financial Inc. now owns 1,558 shares of the electric vehicle producer’s stock valued at $495,000 after purchasing an additional 430 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Thursday, October 23rd. HSBC restated a “reduce” rating on shares of Tesla in a report on Monday, November 17th. Morgan Stanley set a $425.00 price target on shares of Tesla and gave the company an “equal weight” rating in a research note on Sunday, December 7th. DZ Bank restated a “sell” rating on shares of Tesla in a research note on Thursday, October 23rd. Finally, UBS Group reiterated a “sell” rating on shares of Tesla in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $399.33.

Tesla Trading Up 2.7%

TSLA opened at $458.96 on Friday. The stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 305.97, a P/E/G ratio of 15.50 and a beta of 1.87. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54. The company has a 50-day simple moving average of $435.52 and a 200 day simple moving average of $376.29.

Tesla (NASDAQ:TSLA) last issued its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 EPS. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the sale, the director owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 119,457 shares of company stock worth $52,137,945 over the last three months. Insiders own 19.90% of the company’s stock.

Tesla Company Profile

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.