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

Great Valley Advisor Group Inc. reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,205 shares of the electric vehicle producer's stock after selling 3,200 shares during the period. Great Valley Advisor Group Inc.'s holdings in Tesla were worth $14,621,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $1,622,000. United Advisor Group LLC increased its holdings in shares of Tesla by 13.3% in the fourth quarter. United Advisor Group LLC now owns 12,437 shares of the electric vehicle producer's stock valued at $5,023,000 after purchasing an additional 1,463 shares during the last quarter. Challenger Wealth Management acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $5,936,000. Ascent Group LLC increased its holdings in shares of Tesla by 3.9% in the fourth quarter. Ascent Group LLC now owns 14,479 shares of the electric vehicle producer's stock valued at $5,847,000 after purchasing an additional 542 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $467,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Trading Up 6.9%

TSLA traded up $23.55 during trading on Tuesday, hitting $362.89. The company's stock had a trading volume of 118,443,476 shares, compared to its average volume of 97,589,424. The firm's 50 day moving average price is $279.40 and its 200-day moving average price is $333.38. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market cap of $1.17 trillion, a PE ratio of 177.89, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The business had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter last year, the firm posted $0.45 earnings per share. On average, analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 6,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the completion of the sale, the chief financial officer now directly owns 23,084 shares of the company's stock, valued at $6,833,325.68. The trade was a 20.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction on 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 sale, the director now directly owns 477,011 shares of the company's stock, valued at $114,859,478.69. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 415,623 shares of company stock worth $116,650,831. Insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TSLA. Cowen raised Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. TD Cowen upgraded Tesla from a "hold" rating to a "buy" rating and increased their price objective for the stock from $180.00 to $388.00 in a research report on Friday, March 7th. HSBC lowered their price objective on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research report on Thursday, March 27th. Morgan Stanley reiterated a "buy" rating and issued a $430.00 price objective on shares of Tesla in a research report on Tuesday, April 22nd. Finally, Robert W. Baird lowered their price objective on Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $293.97.

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.