Financial Avengers Inc. Reduces Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Financial Avengers Inc. decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,695 shares of the electric vehicle producer's stock after selling 1,588 shares during the quarter. Tesla accounts for approximately 1.5% of Financial Avengers Inc.'s investment portfolio, making the stock its 17th largest holding. Financial Avengers Inc.'s holdings in Tesla were worth $3,108,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TSLA. Focus Partners Advisor Solutions LLC increased its holdings in shares of Tesla by 24.2% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 28,980 shares of the electric vehicle producer's stock valued at $11,704,000 after purchasing an additional 5,644 shares in the last quarter. First Heartland Consultants Inc. boosted its holdings in Tesla by 6.5% during the fourth quarter. First Heartland Consultants Inc. now owns 6,981 shares of the electric vehicle producer's stock worth $2,819,000 after buying an additional 423 shares in the last quarter. Kolinsky Wealth Management LLC grew its position in Tesla by 33.6% during the fourth quarter. Kolinsky Wealth Management LLC now owns 1,536 shares of the electric vehicle producer's stock valued at $620,000 after buying an additional 386 shares during the period. Note Advisors LLC purchased a new position in Tesla in the fourth quarter valued at $200,000. Finally, PharVision Advisers LLC acquired a new position in shares of Tesla in the fourth quarter worth about $852,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Activity at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the transaction, the director now 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $350.11, for a total transaction of $1,050,330.00. Following the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $9,435,464.50. This trade represents a 10.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 415,623 shares of company stock worth $116,650,831 in the last three months. 20.70% of the stock is owned by company insiders.

Analyst Ratings Changes

TSLA has been the subject of several recent analyst reports. Mizuho lifted their price target on Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wedbush reaffirmed an "outperform" rating and set a $350.00 target price on shares of Tesla in a research note on Thursday, May 1st. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research report on Wednesday, April 23rd. The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a report on Tuesday, April 22nd. Finally, Roth Mkm decreased 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. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average price target of $289.43.

Tesla Stock Performance

Shares of TSLA stock opened at $343.82 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm has a market cap of $1.11 trillion, a P/E ratio of 168.54, a P/E/G ratio of 5.86 and a beta of 2.43. The firm's 50 day moving average price is $271.29 and its 200-day moving average price is $331.39. 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 released its quarterly earnings results 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). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same quarter last year, the company earned $0.45 earnings per share. As a group, equities research analysts predict 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.

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