Visionary Wealth Advisors Sells 1,238 Shares of Tesla, Inc. (NASDAQ:TSLA)

Visionary Wealth Advisors decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,993 shares of the electric vehicle producer's stock after selling 1,238 shares during the quarter. Visionary Wealth Advisors' holdings in Tesla were worth $8,478,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TSLA. Susquehanna Fundamental Investments LLC bought a new stake in Tesla in the 4th quarter valued at $56,600,000. Stephens Consulting LLC lifted its position in shares of Tesla by 126.7% during the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after buying an additional 891 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its position in shares of Tesla by 133.7% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after buying an additional 1,629 shares during the last quarter. Harvard Management Co. Inc. bought a new stake in shares of Tesla during the 4th quarter worth $8,158,000. Finally, Ameritas Advisory Services LLC increased its holdings in Tesla by 104.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer's stock worth $23,242,000 after purchasing an additional 29,458 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,672 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.56. Following the transaction, the chief financial officer now owns 26,950 shares in the company, valued at $7,242,273.50. This trade represents a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at $25,466,850. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 415,623 shares of company stock valued at $116,650,831. Company insiders own 20.70% of the company's stock.

Tesla Stock Down 2.7%

Tesla stock traded down $9.20 during mid-day trading on Wednesday, reaching $334.62. The stock had a trading volume of 101,809,426 shares, compared to its average volume of 97,284,855. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The stock's 50-day simple moving average is $271.29 and its 200-day simple moving average is $331.39. The firm has a market capitalization of $1.08 trillion, a PE ratio of 164.03, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.26% and a return on equity of 10.31%. The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period last year, the business posted $0.45 EPS. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TSLA. Deutsche Bank Aktiengesellschaft lowered their target price on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a report on Friday, March 28th. Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a report on Wednesday, April 23rd. Bank of America decreased their price target on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company decreased their price target on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Ten investment 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 company's stock. According to MarketBeat, Tesla has an average rating of "Hold" and a consensus price target of $289.43.

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.