Sage Rhino Capital LLC Sells 58 Shares of Tesla, Inc. (NASDAQ:TSLA)

Sage Rhino Capital LLC reduced its holdings in Tesla, Inc. (NASDAQ:TSLA) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,574 shares of the electric vehicle producer’s stock after selling 58 shares during the quarter. Tesla accounts for about 1.6% of Sage Rhino Capital LLC’s investment portfolio, making the stock its 18th largest position. Sage Rhino Capital LLC’s holdings in Tesla were worth $6,106,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mount Vernon Associates Inc. MD boosted its holdings in shares of Tesla by 5.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after purchasing an additional 350 shares in the last quarter. Oak Ridge Investments LLC boosted its holdings in shares of Tesla by 4.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock worth $8,065,000 after purchasing an additional 1,405 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Tesla by 3.7% in the 3rd quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock worth $182,352,000 after purchasing an additional 25,943 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Tesla by 16.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock worth $11,533,000 after purchasing an additional 6,615 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Tesla by 11.8% during the 4th quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock valued at $193,935,000 after acquiring an additional 81,729 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on TSLA shares. KGI Securities reiterated a “neutral” rating and set a $213.00 target price (down from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Barclays dropped their price target on Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. TD Cowen lowered their target price on Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a research report on Thursday, January 25th. JPMorgan Chase & Co. lowered their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 3rd. Finally, Roth Mkm reiterated a “neutral” rating and set a $85.00 target price on shares of Tesla in a research report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and an average price target of $184.32.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 over the last ninety days. Company insiders own 20.90% of the company’s stock.

Tesla Trading Down 5.6 %

TSLA stock traded down $10.77 during midday trading on Tuesday, reaching $183.28. 126,403,453 shares of the company traded hands, compared to its average volume of 105,362,438. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The business has a 50 day moving average of $174.92 and a 200-day moving average of $206.77. The firm has a market capitalization of $584.52 billion, a price-to-earnings ratio of 47.34, a P/E/G ratio of 4.45 and a beta of 2.40.

Tesla 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.