Advisory Alpha LLC Has $2.61 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Advisory Alpha LLC reduced its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 38.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,055 shares of the electric vehicle producer's stock after selling 6,314 shares during the quarter. Advisory Alpha LLC's holdings in Tesla were worth $2,606,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TSLA. True Wealth Design LLC increased its holdings in shares of Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 31 shares during the period. Horrell Capital Management Inc. increased its holdings in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. increased its holdings in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 58 shares during the period. Navigoe LLC acquired a new stake in shares of Tesla in the 4th quarter worth about $37,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the 4th quarter worth about $38,000. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In other Tesla news, Director Kimbal Musk sold 91,588 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total value of $32,732,635.32. Following the transaction, the director now directly owns 1,463,220 shares in the company, valued at $522,940,195.80. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Gebbia bought 4,000 shares of Tesla stock in a transaction dated Thursday, April 24th. The shares were bought at an average price of $256.31 per share, for a total transaction of $1,025,240.00. Following the completion of the transaction, the director now directly owns 4,111 shares of the company's stock, valued at $1,053,690.41. This represents a 3,603.60% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 866,393 shares of company stock valued at $284,570,654 over the last quarter. 20.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TSLA shares. Roth Mkm dropped their price objective on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Glj Research reaffirmed a "sell" rating and issued a $19.05 price objective (down previously from $24.86) on shares of Tesla in a report on Monday, April 21st. Cfra Research cut shares of Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. TD Cowen raised shares of Tesla from a "hold" rating to a "buy" rating and raised their target price for the company from $180.00 to $388.00 in a research note on Friday, March 7th. Finally, Guggenheim reissued a "sell" rating and set a $170.00 target price on shares of Tesla in a research note on Thursday, April 24th. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $293.97.

Tesla Price Performance

NASDAQ TSLA traded up $11.11 on Tuesday, reaching $353.80. The company's stock had a trading volume of 46,938,926 shares, compared to its average volume of 106,673,820. The firm has a market cap of $1.14 trillion, a PE ratio of 173.43, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The business has a 50-day moving average price of $288.33 and a 200 day moving average price of $334.29. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54. 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 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). The business had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the previous year, the firm earned $0.45 EPS. Sell-side analysts expect that Tesla, Inc. will post 2.56 EPS 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.