FAS Wealth Partners Inc. Has $1.66 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

FAS Wealth Partners Inc. decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,120 shares of the electric vehicle producer's stock after selling 3,131 shares during the quarter. FAS Wealth Partners Inc.'s holdings in Tesla were worth $1,664,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Hengehold Capital Management LLC boosted its position in shares of Tesla by 1.8% in the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after acquiring an additional 24 shares during the period. Strategic Investment Advisors MI raised its stake in Tesla by 0.3% during the 4th quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after purchasing an additional 24 shares during the last quarter. Acropolis Investment Management LLC boosted its holdings in Tesla by 0.9% in the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after purchasing an additional 25 shares during the period. Mount Vernon Associates Inc. MD grew its position in Tesla by 0.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after purchasing an additional 25 shares during the last quarter. Finally, Vista Finance LLC increased its holdings in shares of Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after purchasing an additional 25 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Up 2.4 %

Shares of TSLA traded up $6.69 on Friday, reaching $287.21. 113,968,586 shares of the company's stock were exchanged, compared to its average volume of 95,860,479. The business has a 50 day moving average price of $258.82 and a two-hundred day moving average price of $325.18. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The stock has a market capitalization of $925.09 billion, a P/E ratio of 140.79, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSLA. TD Cowen upgraded Tesla from a "hold" rating to a "buy" rating and boosted their price target for the company from $180.00 to $388.00 in a research note on Friday, March 7th. Stifel Nicolaus set a $450.00 price objective on Tesla and gave the company a "buy" rating in a research report on Thursday, April 24th. Wedbush reaffirmed an "outperform" rating and issued a $350.00 target price on shares of Tesla in a research report on Thursday. Robert W. Baird lowered their price target on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $287.46.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $383.11, for a total value of $2,681,770.00. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $41,745,581.15. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at $32,643,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 486,618 shares of company stock valued at $155,887,459. 20.70% of the stock is currently owned by company insiders.

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.