Aurora Investment Managers LLC. Sells 30,696 Shares of Tesla, Inc. (NASDAQ:TSLA)

Aurora Investment Managers LLC. lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 80.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,300 shares of the electric vehicle producer’s stock after selling 30,696 shares during the period. Tesla comprises approximately 1.8% of Aurora Investment Managers LLC.’s investment portfolio, making the stock its 22nd largest holding. Aurora Investment Managers LLC.’s holdings in Tesla were worth $2,948,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Acropolis Investment Management LLC raised its stake in Tesla by 0.9% in the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer’s stock valued at $1,136,000 after buying an additional 25 shares during the period. Mount Vernon Associates Inc. MD raised its stake in Tesla by 0.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer’s stock valued at $2,950,000 after buying an additional 25 shares during the period. Connable Office Inc. raised its stake in Tesla by 0.3% in the third quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer’s stock valued at $3,368,000 after buying an additional 38 shares during the period. Community Bank N.A. raised its stake in Tesla by 4.4% in the third quarter. Community Bank N.A. now owns 908 shares of the electric vehicle producer’s stock valued at $238,000 after buying an additional 38 shares during the period. Finally, Holistic Financial Partners raised its stake in Tesla by 1.0% in the third quarter. Holistic Financial Partners now owns 4,055 shares of the electric vehicle producer’s stock valued at $1,061,000 after buying an additional 40 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares in the company, valued at $26,442,856.32. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 617,886 shares of company stock worth $212,451,751. Insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TSLA shares. Morgan Stanley upped their price objective on Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Canaccord Genuity Group upped their price objective on Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Mizuho upgraded Tesla from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $230.00 to $515.00 in a research note on Tuesday, December 17th. Glj Research reiterated a “sell” rating and set a $24.86 target price on shares of Tesla in a research note on Friday, January 3rd. Finally, Wedbush increased their target price on Tesla from $515.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus target price of $309.48.

Tesla Trading Down 2.1 %

Shares of TSLA stock opened at $415.11 on Thursday. The firm has a market capitalization of $1.33 trillion, a P/E ratio of 113.73, a P/E/G ratio of 8.60 and a beta of 2.30. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $393.38 and its 200 day simple moving average is $291.27.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. As a group, sell-side analysts predict that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

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.