Tesla, Inc. (NASDAQ:TSLA) Holdings Raised by United Advisor Group LLC

United Advisor Group LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,437 shares of the electric vehicle producer's stock after acquiring an additional 1,463 shares during the period. Tesla comprises about 1.0% of United Advisor Group LLC's holdings, making the stock its 23rd biggest position. United Advisor Group LLC's holdings in Tesla were worth $5,023,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hengehold Capital Management LLC raised its position in shares of Tesla by 1.8% during the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock worth $544,000 after purchasing an additional 24 shares during the last quarter. Strategic Investment Advisors MI raised its holdings in Tesla by 0.3% in the 4th quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after acquiring an additional 24 shares during the last quarter. Vista Finance LLC raised its holdings in Tesla by 0.7% in the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after acquiring an additional 25 shares during the last quarter. Prospect Financial Services LLC raised its holdings in Tesla by 0.3% in the 4th quarter. Prospect Financial Services LLC now owns 7,500 shares of the electric vehicle producer's stock valued at $3,029,000 after acquiring an additional 26 shares during the last quarter. Finally, Jmac Enterprises LLC raised its holdings in Tesla by 0.7% in the 4th quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after acquiring an additional 26 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

TSLA traded up $4.58 on Thursday, hitting $361.48. 51,415,598 shares of the company's stock were exchanged, compared to its average volume of 97,540,137. The firm has a market cap of $1.16 trillion, a PE ratio of 177.31, a P/E/G 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. The stock has a fifty day moving average of $284.09 and a two-hundred day moving average of $333.75. 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 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The business 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 EPS. On average, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TSLA. Truist Financial set a $280.00 price target on Tesla in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Morgan Stanley reissued a "buy" rating and set a $430.00 price objective on shares of Tesla in a research note on Tuesday, April 22nd. Wall Street Zen cut shares of Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Finally, Cfra Research cut shares of Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $293.97.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $350.11, for a total value of $1,050,330.00. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at $9,435,464.50. This trade represents a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James R. Murdoch sold 54,776 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 477,011 shares of the company's stock, valued at $114,859,478.69. This trade represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 415,623 shares of company stock worth $116,650,831. Insiders own 20.70% of the company's stock.

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.