Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Addison Advisors LLC

Addison Advisors LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 24.8% in the 4th quarter, HoldingsChannel reports. The firm owned 649 shares of the electric vehicle producer’s stock after purchasing an additional 129 shares during the period. Addison Advisors LLC’s holdings in Tesla were worth $161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wyrmwood Management LLC acquired a new position in shares of Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. purchased a new position in shares of Tesla during the 4th quarter worth $25,000. Mendota Financial Group LLC boosted its holdings in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Ogorek Anthony Joseph NY ADV grew its position in shares of Tesla by 94.5% in the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after purchasing an additional 69 shares during the period. Finally, Kathleen S. Wright Associates Inc. increased its stake in Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after purchasing an additional 100 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Down 1.1 %

Shares of NASDAQ:TSLA traded down $1.89 during trading on Friday, hitting $168.29. The company’s stock had a trading volume of 109,309,500 shares, compared to its average volume of 100,050,800. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The stock’s 50-day moving average price is $175.04 and its two-hundred day moving average price is $208.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72. The company has a market capitalization of $536.71 billion, a PE ratio of 42.93, a PEG ratio of 4.50 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 earnings per share. As a group, sell-side analysts expect that Tesla, Inc. will post 1.97 EPS for the current year.

Insider Buying and Selling at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock worth $38,802,534 in the last ninety days. 25.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TSLA shares. Morgan Stanley decreased their price target on Tesla from $320.00 to $310.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Guggenheim reissued a “sell” rating and issued a $122.00 target price on shares of Tesla in a research report on Tuesday. Piper Sandler reaffirmed an “overweight” rating and set a $205.00 price target on shares of Tesla in a research report on Monday, April 22nd. Mizuho decreased their price target on shares of Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group dropped their price objective on Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $186.70.

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.