Rowlandmiller & PARTNERS.ADV Invests $161,000 in Tesla, Inc. (NASDAQ:TSLA)

Rowlandmiller & PARTNERS.ADV bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 398 shares of the electric vehicle producer’s stock, valued at approximately $161,000.

Several other hedge funds have also recently added to or reduced their stakes in TSLA. Swedbank AB lifted its position in shares of Tesla by 2.8% during the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after buying an additional 29,669 shares during the period. Pallas Capital Advisors LLC raised its stake in Tesla by 37.7% during the third quarter. Pallas Capital Advisors LLC now owns 3,457 shares of the electric vehicle producer’s stock worth $900,000 after acquiring an additional 947 shares in the last quarter. GW Henssler & Associates Ltd. bought a new position in shares of Tesla during the third quarter valued at $215,000. Jacobsen Capital Management boosted its stake in shares of Tesla by 19.6% in the 3rd quarter. Jacobsen Capital Management now owns 4,767 shares of the electric vehicle producer’s stock valued at $1,247,000 after purchasing an additional 780 shares in the last quarter. Finally, Eagle Strategies LLC grew its holdings in shares of Tesla by 41.4% in the 3rd quarter. Eagle Strategies LLC now owns 6,780 shares of the electric vehicle producer’s stock worth $1,774,000 after purchasing an additional 1,985 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSLA. StockNews.com downgraded shares of Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Phillip Securities downgraded Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. The Goldman Sachs Group restated a “cautious” rating on shares of Tesla in a research report on Monday, February 10th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Monday, February 10th. Finally, Stifel Nicolaus decreased their target price on Tesla from $492.00 to $474.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Ten equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $319.57.

Insider Buying and Selling

In other news, Director Kimbal Musk sold 75,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was 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 of the company’s stock, valued at $538,274,741.40. This represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $374.21, for a total value of $975,191.26. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $40,775,792.65. This represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 523,386 shares of company stock worth $195,995,200 over the last ninety days. Company insiders own 20.70% of the company’s stock.

Tesla Trading Down 4.0 %

NASDAQ TSLA opened at $290.80 on Thursday. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm has a market cap of $935.36 billion, a P/E ratio of 142.55, a P/E/G ratio of 5.86 and a beta of 2.34. The stock’s 50-day moving average is $390.99 and its 200-day moving average is $315.51.

Tesla (NASDAQ:TSLA) last announced its earnings results 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%. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.