Capstone Financial Advisors Inc. Decreases Position in Tesla, Inc. (NASDAQ:TSLA)

Capstone Financial Advisors Inc. lessened its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,236 shares of the electric vehicle producer's stock after selling 1,273 shares during the quarter. Capstone Financial Advisors Inc.'s holdings in Tesla were worth $1,307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Horrell Capital Management Inc. grew its position in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. boosted its stake in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in shares of Tesla during the fourth quarter worth about $38,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Tesla in the fourth quarter valued at approximately $39,000. Finally, Delos Wealth Advisors LLC raised its holdings in Tesla by 300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock valued at $40,000 after buying an additional 75 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Stock Down 0.6 %

TSLA stock traded down $1.64 during mid-day trading on Thursday, reaching $280.52. 98,993,540 shares of the company traded hands, compared to its average volume of 95,665,884. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm's 50 day moving average price is $260.13 and its 200 day moving average price is $323.58. The stock has a market cap of $903.54 billion, a price-to-earnings ratio of 137.51, a P/E/G ratio of 5.86 and a beta of 2.58.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TSLA shares. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the company a "buy" rating in a research report on Thursday, April 24th. Cantor Fitzgerald decreased their price objective on Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Roth Mkm reduced their price target on Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Evercore ISI raised their price objective on Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research report on Friday, January 3rd. Finally, Wedbush reissued an "outperform" rating and set a $350.00 target price on shares of Tesla in a research report on Thursday. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $287.46.

Insider Activity at Tesla

In other news, Director Joseph Gebbia bought 4,000 shares of the company's stock in a transaction on Thursday, April 24th. The shares were purchased at an average price of $256.31 per share, with a total value of $1,025,240.00. Following the transaction, the director now directly owns 4,111 shares in the company, valued at $1,053,690.41. This represents a 3,603.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 374,228 shares of company stock valued at $123,791,123 over the last ninety days. Corporate 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.