Teachers Advisors LLC trimmed its position in Tesla Inc (NASDAQ:TSLA) by 0.5% during the fourth quarter, HoldingsChannel reports. The firm owned 324,050 shares of the electric vehicle producer’s stock after selling 1,721 shares during the quarter. Teachers Advisors LLC’s holdings in Tesla were worth $100,893,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC bought a new stake in Tesla during the third quarter worth about $100,000. Truewealth LLC bought a new stake in Tesla during the fourth quarter worth about $102,000. Mckinley Capital Management LLC Delaware bought a new stake in Tesla during the third quarter worth about $106,000. Avestar Capital LLC bought a new stake in Tesla during the fourth quarter worth about $144,000. Finally, FDx Advisors Inc. bought a new stake in Tesla during the fourth quarter worth about $203,000. Institutional investors own 58.30% of the company’s stock.
In other news, Director Kimbal Musk sold 4,065 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total value of $1,268,605.20. Following the completion of the transaction, the director now directly owns 154,589 shares in the company, valued at approximately $48,244,135.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John Douglas Field sold 1,000 shares of the stock in a transaction 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 of the company’s stock, valued at $6,740,263.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,719 shares of company stock worth $2,506,406. Company insiders own 23.10% of the company’s stock.
Shares of Tesla Inc (NASDAQ:TSLA) opened at $341.84 on Wednesday. Tesla Inc has a twelve month low of $246.02 and a twelve month high of $389.61. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.56 and a current ratio of 0.86.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($3.12) by $0.08. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.26 billion. Tesla had a negative return on equity of 33.08% and a negative net margin of 16.68%. The company’s revenue was up 43.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.69) EPS. research analysts predict that Tesla Inc will post -15.15 EPS for the current year.
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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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