Avantax Planning Partners Inc. Sells 4,759 Shares of Tesla, Inc. (NASDAQ:TSLA)

Avantax Planning Partners Inc. trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 24.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,083 shares of the electric vehicle producer's stock after selling 4,759 shares during the quarter. Avantax Planning Partners Inc.'s holdings in Tesla were worth $3,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of TSLA. Wyrmwood Management LLC purchased a new position in shares of Tesla in the 4th quarter worth about $25,000. Lam Group Inc. purchased a new position in shares of Tesla in the 4th quarter worth about $25,000. Mendota Financial Group LLC boosted its holdings in shares of Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock worth $34,000 after buying an additional 91 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its holdings in shares of Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer's stock worth $47,000 after buying an additional 100 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of Tesla in the 3rd quarter worth about $60,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Daiwa Capital Markets downgraded shares of Tesla from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $245.00 to $195.00 in a report on Tuesday, February 6th. Citigroup upped their price objective on shares of Tesla from $180.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, April 24th. China Renaissance started coverage on shares of Tesla in a report on Monday, February 26th. They set a "hold" rating on the stock. Sanford C. Bernstein dropped their price objective on shares of Tesla from $150.00 to $120.00 and set an "underperform" rating on the stock in a report on Tuesday, March 26th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a report on Wednesday, April 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $185.90.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the sale, the director now owns 15,000 shares of the company's stock, valued at $2,772,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company's stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 209,097 shares of company stock worth $37,877,471 over the last ninety days. Insiders own 25.10% of the company's stock.

Tesla Price Performance

Shares of TSLA stock traded down $6.37 during trading on Thursday, hitting $173.74. The company had a trading volume of 71,774,822 shares, compared to its average volume of 100,884,477. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock's 50-day moving average is $171.38 and its two-hundred day moving average is $201.55. The stock has a market capitalization of $554.09 billion, a price-to-earnings ratio of 44.32, a price-to-earnings-growth ratio of 4.58 and a beta of 2.41. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The business had revenue of $21.30 billion for the quarter, compared to analysts' expectations of $22.15 billion. As a group, analysts predict that Tesla, Inc. will post 1.89 EPS for the current fiscal year.

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.