Financial Advisors LLC Acquires 62 Shares of Tesla, Inc. (NASDAQ:TSLA)

Financial Advisors LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,002 shares of the electric vehicle producer’s stock after buying an additional 62 shares during the quarter. Financial Advisors LLC’s holdings in Tesla were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TSLA. Wyrmwood Management LLC bought a new position in Tesla during the fourth quarter valued at approximately $25,000. Lam Group Inc. purchased a new stake in shares of Tesla in the fourth quarter valued at $25,000. Mendota Financial Group LLC lifted its position in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Kathleen S. Wright Associates Inc. grew its stake in Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Finally, Cordant Inc. bought a new stake in Tesla during the third quarter valued at about $53,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock worth $38,802,534 in the last three months. 25.10% of the stock is owned by corporate insiders.

Tesla Price Performance

TSLA traded down $1.89 on Friday, reaching $168.29. 109,309,500 shares of the company’s stock were exchanged, compared to its average volume of 100,050,800. The stock has a market cap of $536.71 billion, a PE ratio of 42.93, a P/E/G ratio of 4.45 and a beta of 2.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.25. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The stock’s fifty day moving average price is $175.04 and its 200-day moving average price is $207.61.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. Tesla’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. Sell-side analysts expect that Tesla, Inc. will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TSLA shares. Morgan Stanley lowered their price target on Tesla from $320.00 to $310.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Wednesday. Barclays dropped their price objective on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. TD Cowen decreased their target price on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research report on Thursday, January 25th. Finally, Citigroup upped their target price on Tesla from $180.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $186.70.

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.