Valued Wealth Advisors LLC Sells 80 Shares of Tesla, Inc. (NASDAQ:TSLA)

Valued Wealth Advisors LLC reduced its stake in Tesla, Inc. (NASDAQ:TSLA) by 19.6% during the 4th quarter, Holdings Channel reports. The fund owned 328 shares of the electric vehicle producer’s stock after selling 80 shares during the period. Valued Wealth Advisors LLC’s holdings in Tesla were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Curran Financial Partners LLC grew its stake in shares of Tesla by 29.2% in the fourth quarter. Curran Financial Partners LLC now owns 1,093 shares of the electric vehicle producer’s stock valued at $441,000 after acquiring an additional 247 shares in the last quarter. McLean Asset Management Corp grew its position in shares of Tesla by 3.9% during the 4th quarter. McLean Asset Management Corp now owns 958 shares of the electric vehicle producer’s stock worth $387,000 after purchasing an additional 36 shares in the last quarter. Aurora Private Wealth Inc. increased its holdings in shares of Tesla by 5.3% during the fourth quarter. Aurora Private Wealth Inc. now owns 2,210 shares of the electric vehicle producer’s stock worth $892,000 after purchasing an additional 112 shares during the period. Webster Bank N. A. raised its position in shares of Tesla by 2.4% in the fourth quarter. Webster Bank N. A. now owns 9,361 shares of the electric vehicle producer’s stock valued at $3,780,000 after buying an additional 223 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Tesla by 8.4% during the fourth quarter. Pacer Advisors Inc. now owns 322,599 shares of the electric vehicle producer’s stock worth $130,278,000 after buying an additional 24,877 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TSLA shares. StockNews.com raised Tesla from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Stifel Nicolaus increased their price objective on shares of Tesla from $411.00 to $492.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Barclays raised their target price on shares of Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Robert W. Baird decreased their price objective on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Phillip Securities cut Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $318.31.

Tesla Stock Up 2.9 %

Shares of NASDAQ TSLA opened at $400.28 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.28 trillion, a PE ratio of 109.67, a P/E/G ratio of 8.42 and a beta of 2.30. The company’s fifty day simple moving average is $401.98 and its 200 day simple moving average is $297.28.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.24% and a net margin of 13.07%. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.01 earnings per share for the current fiscal year.

Insider Activity at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This represents a 94.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Monday, November 11th. The stock was sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $36,761,200. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 553,386 shares of company stock valued at $196,305,796. 20.70% of the stock is owned by company insiders.

Tesla 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.