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FSA Advisors Inc. Takes Position in Tesla, Inc. $TSLA

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Key Points

  • FSA Advisors Inc. bought a new stake of 38,437 Tesla shares (~$17.29 million) in Q4, making TSLA roughly 3.0% of its portfolio and its 9th largest holding.
  • Insider selling: Company insiders sold 53,804 shares worth about $20.87 million last quarter, including Director Kathleen Wilson‑Thompson's 25,809‑share sale (~$9.27M) and CFO Vaibhav Taneja's 2,264‑share sale (~$898.9K); insiders now own 19.90% of the stock.
  • Analyst coverage is mixed (19 Buy, 17 Hold, 5 Sell) with a consensus rating of "Hold" and an average price target of $398.42.
  • MarketBeat previews the top five stocks to own by June 1st.

FSA Advisors Inc. bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 38,437 shares of the electric vehicle producer's stock, valued at approximately $17,286,000. Tesla comprises approximately 3.0% of FSA Advisors Inc.'s investment portfolio, making the stock its 9th biggest holding.

Several other large investors have also recently modified their holdings of the stock. Chapman Financial Group LLC bought a new position in Tesla during the 2nd quarter valued at about $26,000. Networth Advisors LLC purchased a new stake in Tesla in the 4th quarter worth about $26,000. Davidson Capital Management Inc. raised its position in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 27 shares during the period. Manning & Napier Advisors LLC purchased a new stake in Tesla in the 3rd quarter worth about $29,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in Tesla in the 3rd quarter worth about $30,000. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 25,809 shares of the company's stock in a transaction on Monday, March 30th. The stock was sold at an average price of $359.33, for a total value of $9,273,947.97. Following the completion of the sale, the director directly owned 33,860 shares in the company, valued at approximately $12,166,913.80. This represents a 43.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,264 shares of the company's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company's stock, valued at $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 53,804 shares of company stock valued at $20,865,598 over the last quarter. Company insiders own 19.90% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TSLA shares. Piper Sandler reissued an "overweight" rating on shares of Tesla in a research report on Thursday, January 29th. DZ Bank raised Tesla from a "sell" rating to a "hold" rating and set a $385.00 price objective on the stock in a research report on Friday, April 24th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a research note on Friday, April 24th. Roth Mkm reiterated a "buy" rating on shares of Tesla in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a research note on Thursday, April 23rd. Nineteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average price target of $398.42.

Read Our Latest Research Report on Tesla

More Tesla News

Here are the key news stories impacting Tesla this week:

Tesla Stock Performance

TSLA stock opened at $390.82 on Monday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The business's fifty day simple moving average is $383.09 and its two-hundred day simple moving average is $419.10. Tesla, Inc. has a twelve month low of $271.00 and a twelve month high of $498.83. The firm has a market cap of $1.47 trillion, a price-to-earnings ratio of 358.55, a PEG ratio of 14.87 and a beta of 1.79.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business had revenue of $22.39 billion during the quarter, compared to analysts' expectations of $22.96 billion. During the same period in the prior year, the business earned $0.27 EPS. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 1.25 earnings per share for the current year.

Tesla Company Profile

(Free Report)

Tesla, Inc NASDAQ: TSLA is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company's stated mission is to accelerate the world's transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla's automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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