Cumberland Partners Ltd Has $353,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

Cumberland Partners Ltd trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 874 shares of the electric vehicle producer’s stock after selling 35 shares during the period. Cumberland Partners Ltd’s holdings in Tesla were worth $353,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ieq Capital LLC increased its holdings in Tesla by 11.7% during the 4th quarter. Ieq Capital LLC now owns 240,185 shares of the electric vehicle producer’s stock worth $96,996,000 after purchasing an additional 25,117 shares in the last quarter. Sterling Financial Planning Inc. acquired a new position in shares of Tesla during the fourth quarter worth about $252,000. Bryn Mawr Capital Management LLC grew its holdings in shares of Tesla by 369.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 51,554 shares of the electric vehicle producer’s stock worth $20,820,000 after buying an additional 40,572 shares in the last quarter. Fagan Associates Inc. raised its position in Tesla by 1.1% in the 4th quarter. Fagan Associates Inc. now owns 9,958 shares of the electric vehicle producer’s stock valued at $4,021,000 after buying an additional 111 shares during the last quarter. Finally, Good Life Advisors LLC lifted its stake in Tesla by 9.9% in the 4th quarter. Good Life Advisors LLC now owns 18,943 shares of the electric vehicle producer’s stock valued at $7,650,000 after acquiring an additional 1,713 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Down 4.7 %

TSLA opened at $337.80 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a fifty day moving average of $400.17 and a 200-day moving average of $313.18. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The company has a market capitalization of $1.09 trillion, a P/E ratio of 165.59, a P/E/G ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at $1,903,716. This represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the transaction, the director now owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 523,386 shares of company stock valued at $195,995,200 over the last 90 days. 20.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Robert W. Baird decreased their target price on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Glj Research reissued a “sell” rating and set a $24.86 price target on shares of Tesla in a research report on Wednesday, February 12th. Cantor Fitzgerald restated a “neutral” rating and issued a $365.00 price objective on shares of Tesla in a report on Wednesday, January 29th. Finally, Wedbush set a $328.50 target price on Tesla in a report on Wednesday, February 12th. Ten analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $319.57.

About Tesla

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.