Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Auxano Advisors LLC

Auxano Advisors LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.5% during the fourth quarter, Holdings Channel reports. The fund owned 32,706 shares of the electric vehicle producer’s stock after acquiring an additional 160 shares during the quarter. Tesla comprises about 3.3% of Auxano Advisors LLC’s holdings, making the stock its 8th biggest holding. Auxano Advisors LLC’s holdings in Tesla were worth $13,208,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Keystone Wealth Services LLC grew its stake in Tesla by 2.4% in the 4th quarter. Keystone Wealth Services LLC now owns 6,726 shares of the electric vehicle producer’s stock valued at $2,716,000 after buying an additional 159 shares during the last quarter. Amara Financial LLC. acquired a new position in shares of Tesla in the fourth quarter valued at about $241,000. Garrett Wealth Advisory Group LLC increased its holdings in shares of Tesla by 2.4% during the fourth quarter. Garrett Wealth Advisory Group LLC now owns 1,401 shares of the electric vehicle producer’s stock worth $566,000 after purchasing an additional 33 shares during the period. Fidelis Capital Partners LLC boosted its stake in shares of Tesla by 30.0% in the fourth quarter. Fidelis Capital Partners LLC now owns 19,563 shares of the electric vehicle producer’s stock valued at $7,506,000 after buying an additional 4,509 shares during the period. Finally, Gruss & Co. LLC bought a new stake in shares of Tesla in the fourth quarter valued at approximately $202,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TSLA shares. StockNews.com cut Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Guggenheim reissued a “sell” rating on shares of Tesla in a report on Tuesday, February 25th. The Goldman Sachs Group restated a “cautious” rating on shares of Tesla in a research report on Monday. Mizuho reiterated an “outperform” rating and set a $515.00 price target on shares of Tesla in a research report on Thursday, January 30th. Finally, Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and upped their target price for the stock from $85.00 to $380.00 in a research note on Monday, December 2nd. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $315.33.

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at $2,222,802. This represents a 94.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kimbal Musk sold 75,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the transaction, the director now directly owns 1,463,220 shares in the company, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,996 shares of company stock valued at $118,467,387. 20.70% of the stock is owned by company insiders.

Tesla Stock Performance

Shares of TSLA stock opened at $272.11 on Wednesday. The firm has a 50 day moving average of $378.63 and a 200-day moving average of $318.40. The company has a market cap of $875.24 billion, a price-to-earnings ratio of 133.39, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54.

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 the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current 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.