Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,651 shares of the electric vehicle producer's stock after buying an additional 8,832 shares during the period. Tesla accounts for approximately 1.4% of Snowden Capital Advisors LLC's investment portfolio, making the stock its 7th largest position. Snowden Capital Advisors LLC's holdings in Tesla were worth $45,089,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of Tesla in the 4th quarter worth approximately $56,600,000. Stephens Consulting LLC lifted its stake in Tesla by 126.7% during the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after purchasing an additional 891 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its position in shares of Tesla by 133.7% during the fourth 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 period. Harvard Management Co. Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at $8,158,000. Finally, Ameritas Advisory Services LLC raised its holdings in shares of Tesla by 104.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer's stock valued at $23,242,000 after buying an additional 29,458 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Down 1.4%

Shares of NASDAQ:TSLA opened at $342.82 on Friday. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. 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 $1.10 trillion, a P/E ratio of 168.05, a P/E/G ratio of 5.86 and a beta of 2.43. The firm has a fifty day moving average price of $264.96 and a 200 day moving average price of $328.97.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter last year, the company posted $0.45 EPS. Sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on TSLA shares. UBS Group dropped their target price on Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a research report on Thursday, April 10th. Piper Sandler set a $400.00 price objective on shares of Tesla in a research note on Tuesday, May 6th. Robert W. Baird reduced their target price on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Raymond James downgraded shares of Tesla to an "outperform" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their price objective on Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research note on Friday, March 14th. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tesla presently has an average rating of "Hold" and a consensus target price of $287.46.

Insider Activity

In other news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $300.00, for a total value of $1,200,000.00. Following the completion of the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $8,085,000. This trade represents a 12.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla 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 sale, the director now owns 85,000 shares in the company, valued at approximately $25,466,850. This trade represents a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 412,623 shares of company stock valued at $115,600,501. Company insiders own 20.70% of the company's stock.

About Tesla

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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