Great Valley Advisor Group Inc. Trims Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Great Valley Advisor Group Inc. reduced its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,205 shares of the electric vehicle producer's stock after selling 3,200 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in Tesla were worth $14,621,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in shares of Tesla in the 4th quarter worth $1,622,000. United Advisor Group LLC grew its position in Tesla by 13.3% in the 4th quarter. United Advisor Group LLC now owns 12,437 shares of the electric vehicle producer's stock worth $5,023,000 after purchasing an additional 1,463 shares in the last quarter. Challenger Wealth Management purchased a new stake in Tesla in the 4th quarter valued at about $5,936,000. Ascent Group LLC lifted its position in shares of Tesla by 3.9% during the 4th quarter. Ascent Group LLC now owns 14,479 shares of the electric vehicle producer's stock worth $5,847,000 after buying an additional 542 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new position in shares of Tesla in the 4th quarter worth approximately $467,000. 66.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Bank of America dropped their price target on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Robert W. Baird cut 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. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Wednesday, April 23rd. Stifel Nicolaus set a $450.00 target price on shares of Tesla and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Cantor Fitzgerald decreased their price target on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $293.97.

Insider Activity

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $296.02, for a total value of $1,776,120.00. Following the completion of the transaction, the chief financial officer now directly owns 23,084 shares in the company, valued at $6,833,325.68. The trade was a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 415,623 shares of company stock valued at $116,650,831 in the last 90 days. 20.70% of the stock is currently owned by insiders.

Tesla Stock Up 1.5%

TSLA traded up $5.40 during trading on Thursday, hitting $362.30. 54,001,029 shares of the company's stock traded hands, compared to its average volume of 97,550,016. The stock has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 177.38, a PEG ratio of 5.86 and a beta of 2.43. The company's 50 day simple moving average is $284.09 and its two-hundred day simple moving average is $333.75. Tesla, Inc. has a 12-month low of $167.41 and a 12-month 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 released 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). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The business had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same period last year, the business earned $0.45 earnings per share. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Tesla 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.