Everpar Advisors LLC Acquires New Holdings in Tesla, Inc. (NASDAQ:TSLA)

Everpar Advisors LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,588 shares of the electric vehicle producer's stock, valued at approximately $2,134,000. Tesla accounts for 1.0% of Everpar Advisors LLC's investment portfolio, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Wyrmwood Management LLC acquired a new position in Tesla in the 4th quarter valued at $25,000. Lam Group Inc. bought a new stake in Tesla during the fourth quarter valued at about $25,000. Mendota Financial Group LLC grew its position in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Kathleen S. Wright Associates Inc. lifted its position in shares of Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer's stock worth $47,000 after purchasing an additional 100 shares during the last quarter. Finally, Cordant Inc. bought a new stake in Tesla during the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now directly owns 15,000 shares of the company's stock, valued at $2,631,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now directly owns 15,000 shares of the company's stock, valued at approximately $2,920,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now owns 15,000 shares of the company's stock, valued at approximately $2,631,600. The disclosure for this sale can be found here. Over the last three months, insiders sold 302,803 shares of company stock valued at $56,124,840. Insiders own 20.90% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Jefferies Financial Group dropped their price target on Tesla from $185.00 to $165.00 and set a "hold" rating on the stock in a research report on Wednesday, April 10th. UBS Group reduced their price target on shares of Tesla from $160.00 to $147.00 and set a "neutral" rating for the company in a report on Wednesday, April 24th. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a research report on Wednesday, April 24th. Citigroup boosted their price target on Tesla from $180.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, April 24th. Finally, Robert W. Baird reiterated an "outperform" rating and issued a $280.00 price objective on shares of Tesla in a research report on Wednesday, April 17th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $185.90.

Tesla Price Performance

Shares of Tesla stock traded down $3.09 during trading on Wednesday, reaching $174.72. The company's stock had a trading volume of 79,844,724 shares, compared to its average volume of 103,846,883. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29. The stock has a 50-day moving average price of $173.12 and a two-hundred day moving average price of $204.32. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $557.22 billion, a P/E ratio of 44.57, a price-to-earnings-growth ratio of 4.74 and a beta of 2.41.

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.

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