Marco Investment Management LLC Cuts Tesla Holdings

Marco Investment Management LLC has reported a 6.4% reduction in its holdings within Tesla, Inc. (NASDAQ:TSLA) for the fourth quarter, as indicated by its latest filing with the Securities and Exchange Commission (SEC). This reduction means that after the firm sold 1,149 shares, it now owns 16,935 shares of the electric vehicle manufacturer's stock. The total value of Marco Investment Management LLC's Tesla holdings amounted to $6,839,000 based on last filings.

Institutional Investor Activity

In addition to Marco Investment Management, several other institutional investors have made changes to their positions in Tesla. For example, Transcendent Capital Group LLC established a new investment in Tesla during the third quarter worth around $29,000. Similarly, Farmers & Merchants Trust Co of Chambersburg PA invested approximately $46,000 in the fourth quarter, acquiring a new position in the company.

PayPay Securities Corp notably increased its holdings in Tesla by 130.2% during the same quarter, resulting in ownership of 122 shares valued at $49,000 after purchasing an additional 69 shares. Additionally, Peterson Financial Group Inc. entered the market with a new position in the third quarter, valued at around $35,000, while Finley Financial LLC made a new investment worth about $64,000 during the fourth quarter. Currently, institutional investors and hedge funds hold 66.20% of Tesla's stock.

Recent Insider Transactions

In related news, Tesla's Director Kathleen Wilson-Thompson sold 100,000 shares of the company on January 6th at an average price of $411.63, totaling approximately $41,163,000. After this transaction, she retained 5,400 shares valued at around $2,222,802, indicating a significant decrease of 94.88% in her holdings.

Moreover, CFO Vaibhav Taneja sold 7,000 shares on the same day for about $2,894,920. Following this sale, he holds 108,965 shares in the company, resulting in a valuation of approximately $45,063,565. This transaction reflects a 6.04% decrease in his holdings. In the last quarter alone, company insiders sold a total of 422,452 shares valued at $153,659,530, with insiders currently owning 20.70% of the company stock.

Analyst Expectations for Tesla's Growth

Wall Street analysts have expressed various opinions on Tesla's future. Jefferies Financial Group raised its target price from $195.00 to $300.00 while maintaining a "hold" rating on the stock. Roth Capital upgraded their recommendation from "hold" to "strong-buy," which reflects positive sentiment about Tesla's potential growth. Morgan Stanley reaffirmed its position as a top pick for Tesla, setting a price target at $430.00.

On the other hand, Robert W. Baird updated its target price down from $440.00 to $370.00, maintaining an "outperform" rating. Barclays also increased its price target from $270.00 to $325.00 with an "equal weight" rating given during a recent research note. Overall, the sentiment about Tesla appears mixed, with analysts giving ratings ranging from sell, hold, buy, to strong buy, with an average price target of $313.15.

Tesla Stock Performance Overview

As of now, shares of TSLA opened at $263.45. With a market capitalization of $847.39 billion, Tesla shows a P/E ratio of 129.14, a P/E/G ratio of 5.86, and a beta of 2.50. Financial indicators also show a debt-to-equity ratio of 0.08, current ratio at 2.02, and quick ratio of 1.61. Tesla's stock has seen a considerable price fluctuation over the past year, with a low of $138.80 and a high of $488.54.

Tesla (NASDAQ:TSLA) recently announced its quarterly earnings on January 29th, stating an EPS of $0.66 for the quarter, which was below analysts' expectations of $0.74. The company reported a net margin of 7.26% and a return on equity of 10.31%. Analysts predict Tesla will achieve an EPS of 2.56 for the current year.

About Tesla, Inc.

Tesla, Inc designs, manufactures, and sells electric vehicles and energy products across various regions, including the United States and China. The company operates in two primary segments: Automotive and Energy Generation & Storage, dealing in both electric vehicle sales and energy production capabilities.

Tesla, Investment, Stocks