B. Riley Wealth Advisors Inc. Has $25.28 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

B. Riley Wealth Advisors Inc. decreased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,589 shares of the electric vehicle producer's stock after selling 7,307 shares during the period. Tesla comprises 0.8% of B. Riley Wealth Advisors Inc.'s investment portfolio, making the stock its 17th biggest position. B. Riley Wealth Advisors Inc.'s holdings in Tesla were worth $25,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Susquehanna Fundamental Investments LLC acquired a new position in Tesla in the 4th quarter valued at $56,600,000. Stephens Consulting LLC grew its holdings in shares of Tesla by 126.7% during the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after buying an additional 891 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. raised its position in shares of Tesla by 133.7% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after buying an additional 1,629 shares during the last quarter. Harvard Management Co. Inc. acquired a new position in Tesla during the fourth quarter worth about $8,158,000. Finally, Vontobel Holding Ltd. grew its stake in Tesla by 23.0% during the 4th quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock valued at $130,158,000 after acquiring an additional 60,342 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

TSLA has been the topic of several analyst reports. BNP Paribas set a $137.00 price target on Tesla and gave the stock an "underperform" rating in a report on Wednesday, April 16th. Glj Research restated a "sell" rating and issued a $19.05 price target (down from $24.86) on shares of Tesla in a research note on Monday, April 21st. Roth Mkm lowered their target price on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Finally, Argus set a $410.00 price objective on shares of Tesla in a research report on Thursday, April 24th. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $293.97.

Tesla Trading Up 6.9%

TSLA traded up $23.55 during mid-day trading on Tuesday, hitting $362.89. The stock had a trading volume of 118,443,476 shares, compared to its average volume of 97,589,424. The stock's fifty day simple moving average is $279.40 and its 200-day simple moving average is $333.38. The firm has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 177.89, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company 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 prior year, the firm posted $0.45 earnings per share. As a group, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This trade represents a 10.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,623 shares of company stock valued at $116,650,831 in the last three months. 20.70% of the stock is currently owned by corporate insiders.

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.