Cambridge Investment Research Advisors Inc. Has $202.69 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Cambridge Investment Research Advisors Inc. lowered its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 501,898 shares of the electric vehicle producer's stock after selling 3,167 shares during the period. Tesla comprises about 0.7% of Cambridge Investment Research Advisors Inc.'s investment portfolio, making the stock its 14th biggest holding. Cambridge Investment Research Advisors Inc.'s holdings in Tesla were worth $202,686,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings in shares of Tesla by 5.6% during the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock valued at $955,052,000 after buying an additional 194,796 shares during the last quarter. Nordea Investment Management AB raised its stake in Tesla by 17.7% during the 4th quarter. Nordea Investment Management AB now owns 1,227,460 shares of the electric vehicle producer's stock valued at $510,537,000 after acquiring an additional 185,014 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of Tesla by 1.8% in the fourth quarter. CWA Asset Management Group LLC now owns 23,490 shares of the electric vehicle producer's stock worth $9,486,000 after purchasing an additional 417 shares in the last quarter. Burkett Financial Services LLC raised its stake in shares of Tesla by 194.8% during the fourth quarter. Burkett Financial Services LLC now owns 1,135 shares of the electric vehicle producer's stock valued at $458,000 after purchasing an additional 750 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. acquired a new stake in Tesla in the fourth quarter worth about $222,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wedbush restated an "outperform" rating and set a $350.00 price target on shares of Tesla in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft cut their target price on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Wells Fargo & Company dropped their price objective on Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Roth Mkm cut their price objective on Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $287.46.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,672 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at $7,242,273.50. This represents a 9.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the completion of the sale, the director now owns 85,000 shares of the company's stock, valued at $25,466,850. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 408,623 shares of company stock worth $114,400,501. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded up $13.23 on Friday, hitting $298.05. 132,028,653 shares of the company were exchanged, compared to its average volume of 96,026,888. The company's 50 day moving average price is $258.13 and its two-hundred day moving average price is $326.09. The firm has a market capitalization of $960.01 billion, a price-to-earnings ratio of 146.10, a PEG ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The firm had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter in the prior year, the business posted $0.45 EPS. Research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla Company Profile

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.