Adero Partners LLC Has $6.20 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Adero Partners LLC reduced its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,341 shares of the electric vehicle producer’s stock after selling 528 shares during the quarter. Adero Partners LLC’s holdings in Tesla were worth $6,195,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TSLA. Transcendent Capital Group LLC acquired a new stake in shares of Tesla during the 3rd quarter valued at about $29,000. Peterson Financial Group Inc. acquired a new stake in Tesla during the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Tesla by 692.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock worth $56,000 after acquiring an additional 187 shares in the last quarter. Finley Financial LLC bought a new position in shares of Tesla during the fourth quarter valued at $64,000. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of Tesla by 136.4% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock worth $80,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the transaction, the director now owns 85,000 shares in the company, valued at approximately $26,727,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,776 shares of company stock valued at $203,744,862 in the last quarter. 20.70% of the stock is currently owned by insiders.

Tesla Stock Performance

NASDAQ TSLA opened at $361.62 on Monday. The firm’s fifty day moving average price is $408.27 and its two-hundred day moving average price is $303.93. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The firm has a market capitalization of $1.16 trillion, a P/E ratio of 177.27, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, research analysts anticipate that Tesla, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the topic of several research analyst reports. Guggenheim reissued a “sell” rating and set a $175.00 price target on shares of Tesla in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their target price on Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and upped their price target for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. StockNews.com cut Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Finally, Canaccord Genuity Group raised their target price on shares of Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $322.29.

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.