GM Advisory Group LLC Raises Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

GM Advisory Group LLC increased its position in Tesla, Inc. (NASDAQ:TSLA) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,440 shares of the electric vehicle producer’s stock after buying an additional 569 shares during the quarter. GM Advisory Group LLC’s holdings in Tesla were worth $3,812,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Investment House LLC increased its stake in shares of Tesla by 3.8% in the fourth quarter. Investment House LLC now owns 5,605 shares of the electric vehicle producer’s stock worth $2,264,000 after buying an additional 205 shares during the period. Harvest Fund Management Co. Ltd increased its stake in shares of Tesla by 10.6% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 180,045 shares of the electric vehicle producer’s stock worth $72,522,000 after buying an additional 17,310 shares during the period. Privium Fund Management B.V. increased its stake in shares of Tesla by 1.9% in the fourth quarter. Privium Fund Management B.V. now owns 220,000 shares of the electric vehicle producer’s stock worth $88,845,000 after buying an additional 4,000 shares during the period. Vinva Investment Management Ltd increased its stake in shares of Tesla by 18.5% in the fourth quarter. Vinva Investment Management Ltd now owns 139,229 shares of the electric vehicle producer’s stock worth $58,116,000 after buying an additional 21,772 shares during the period. Finally, Stokes Family Office LLC increased its stake in shares of Tesla by 45.3% in the fourth quarter. Stokes Family Office LLC now owns 3,363 shares of the electric vehicle producer’s stock worth $1,358,000 after buying an additional 1,048 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSLA. Guggenheim reduced their price objective on shares of Tesla from $175.00 to $170.00 and set a “sell” rating on the stock in a research report on Wednesday, March 12th. Benchmark began coverage on shares of Tesla in a research report on Wednesday, February 12th. They set a “buy” rating and a $475.00 price objective on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $365.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Wells Fargo & Company reduced their price objective on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. Finally, Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. Nine investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $319.25.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This represents a 94.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 477,228 shares of company stock valued at $166,849,043 in the last quarter. 20.70% of the stock is currently owned by insiders.

Tesla Price Performance

TSLA opened at $225.31 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a market capitalization of $724.71 billion, a P/E ratio of 110.45, a P/E/G ratio of 5.86 and a beta of 2.50. The company’s 50-day simple moving average is $344.47 and its two-hundred day simple moving average is $320.61. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) 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%. As a group, analysts predict 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.