Share on Stocktwits McElhenny Sheffield Capital Management LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 51.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,134 shares of the electric vehicle producer’s stock after selling 1,189 shares during the quarter. McElhenny Sheffield Capital Management LLC’s holdings in Tesla were worth $504,000 at the end of the most recent reporting period. Get Tesla alerts: A number of other large investors have also recently made changes to their positions in the company. Chapman Financial Group LLC bought a new stake in Tesla in the second quarter worth about $26,000. Chelsea Counsel Co. lifted its stake in shares of Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 40 shares during the last quarter. LGT Financial Advisors LLC purchased a new position in Tesla during the 2nd quarter valued at $29,000. CoreFirst Bank & Trust bought a new position in Tesla in the 2nd quarter valued at $30,000. Finally, ESL Trust Services LLC increased its stake in Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors. Insider Activity at Tesla In other news, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the transaction, the director directly owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at $6,107,145.01. The trade was a 16.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 19.90% of the company’s stock. Wall Street Analysts Forecast Growth A number of analysts have recently issued reports on TSLA shares. Canaccord Genuity Group boosted their target price on shares of Tesla from $482.00 to $551.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. BNP Paribas boosted their price objective on shares of Tesla from $307.00 to $313.00 in a research report on Monday, December 1st. CICC Research raised their target price on shares of Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Cowen reiterated a “buy” rating on shares of Tesla in a report on Monday, November 17th. Finally, Piper Sandler restated an “overweight” rating and set a $500.00 price objective on shares of Tesla in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have assigned a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat, Tesla has an average rating of “Hold” and a consensus price target of $414.92. Get Our Latest Analysis on TSLA Tesla Trading Down 2.6% TSLA opened at $438.07 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.46 trillion, a price-to-earnings ratio of 292.05, a PEG ratio of 7.00 and a beta of 1.83. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $498.83. The stock has a fifty day moving average price of $445.77 and a 200-day moving average price of $391.34. Tesla (NASDAQ:TSLA – Get Free Report) last posted its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. As a group, equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Trending Headlines about Tesla