Quattro Financial Advisors LLC Purchases Shares of 248 Tesla, Inc. (NASDAQ:TSLA)

Quattro Financial Advisors LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 248 shares of the electric vehicle producer’s stock, valued at approximately $62,000. Tesla accounts for approximately 6.3% of Quattro Financial Advisors LLC’s portfolio, making the stock its 5th biggest position.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Tesla by 1.6% in the third quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock valued at $56,534,710,000 after buying an additional 3,453,078 shares in the last quarter. State Street Corp increased its stake in Tesla by 0.7% in the first quarter. State Street Corp now owns 99,683,820 shares of the electric vehicle producer’s stock valued at $20,680,162,000 after purchasing an additional 685,454 shares during the last quarter. Morgan Stanley raised its holdings in Tesla by 7.8% during the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after purchasing an additional 2,177,397 shares in the last quarter. FMR LLC lifted its position in shares of Tesla by 0.9% during the 3rd quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock worth $7,266,572,000 after buying an additional 269,182 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Tesla in the 4th quarter valued at $3,459,540,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Price Performance

Shares of NASDAQ TSLA traded down $0.75 during trading on Wednesday, hitting $156.36. 72,971,072 shares of the company were exchanged, compared to its average volume of 101,773,016. The firm’s fifty day moving average price is $180.88 and its 200 day moving average price is $213.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The company has a market cap of $497.97 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 4.25 and a beta of 2.39. Tesla, Inc. has a 1 year low of $152.37 and a 1 year high of $299.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same period in the prior year, the firm posted $1.07 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts expect that Tesla, Inc. will post 1.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 in the last quarter. Company insiders own 20.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TSLA shares. Edward Jones lowered shares of Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Mizuho reissued a “neutral” rating and issued a $195.00 target price (down from $270.00) on shares of Tesla in a report on Monday, March 25th. KGI Securities reissued a “neutral” rating and issued a $213.00 target price (down from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $298.00 price target on shares of Tesla in a research report on Wednesday, March 27th. Finally, UBS Group decreased their price objective on Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $197.15.

About Tesla

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.