Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Increased by 1620 Investment Advisors Inc.

1620 Investment Advisors Inc. lifted its stake in Tesla, Inc. (NASDAQ:TSLA) by 189.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 678 shares of the electric vehicle producer’s stock after purchasing an additional 444 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Tesla were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lakeshore Financial Planning Inc. acquired a new position in Tesla during the fourth quarter valued at approximately $253,000. Wayfinding Financial LLC bought a new stake in shares of Tesla in the fourth quarter valued at approximately $342,000. TD Private Client Wealth LLC lifted its position in Tesla by 128.0% in the fourth quarter. TD Private Client Wealth LLC now owns 25,186 shares of the electric vehicle producer’s stock worth $10,171,000 after purchasing an additional 14,140 shares during the period. One Charles Private Wealth Services LLC bought a new position in shares of Tesla during the fourth quarter valued at $207,000. Finally, Financial Network Wealth Management LLC bought a new position in shares of Tesla during the fourth quarter valued at $302,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 477,228 shares of company stock worth $166,849,043. Corporate insiders own 20.70% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their target price on Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Robert W. Baird decreased their target price on Tesla from $440.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut their target price on Tesla from $135.00 to $120.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 12th. Nine analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus price target of $319.56.

Tesla Stock Performance

Shares of TSLA opened at $236.26 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The firm has a market capitalization of $759.93 billion, a P/E ratio of 115.81, a PEG ratio of 5.86 and a beta of 2.50. The business has a fifty day moving average of $338.11 and a 200 day moving average of $319.44.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS 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.