Tesla, Inc. (NASDAQ:TSLA) Stake Reduced by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 23.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 630 shares of the electric vehicle producer’s stock after selling 193 shares during the period. Wetzel Investment Advisors Inc.’s holdings in Tesla were worth $254,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in shares of Tesla in the third quarter valued at $29,000. Clean Yield Group lifted its holdings in shares of Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Tesla in the 3rd quarter valued at $35,000. M&R Capital Management Inc. raised its holdings in Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock worth $36,000 after buying an additional 100 shares during the period. Finally, Quarry LP purchased a new stake in Tesla during the second quarter valued at about $48,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $36,761,200. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 553,386 shares of company stock worth $196,305,796 in the last ninety days. Insiders own 20.70% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $400.28 on Friday. The company has a market cap of $1.28 trillion, a price-to-earnings ratio of 109.67, a PEG ratio of 8.42 and a beta of 2.30. The business has a 50 day moving average price of $401.98 and a 200 day moving average price of $297.28. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data 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 return on equity of 10.24% and a net margin of 13.07%. Research analysts predict that Tesla, Inc. will post 2.01 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. HSBC restated a “reduce” rating and issued a $124.00 price target on shares of Tesla in a research report on Friday, October 11th. 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 report on Monday, December 2nd. Morgan Stanley raised their price objective on Tesla from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their target price on Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Bank of America cut shares of Tesla from a “buy” rating to a “neutral” rating and raised their price target for the stock from $400.00 to $490.00 in a report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $318.31.

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.