TCI Wealth Advisors Inc. Has $1.65 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

TCI Wealth Advisors Inc. increased its position in Tesla, Inc. (NASDAQ:TSLA) by 10.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,619 shares of the electric vehicle producer’s stock after purchasing an additional 616 shares during the period. TCI Wealth Advisors Inc.’s holdings in Tesla were worth $1,645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Noesis Capital Mangement Corp boosted its holdings in Tesla by 3.1% in the fourth quarter. Noesis Capital Mangement Corp now owns 32,778 shares of the electric vehicle producer’s stock worth $8,145,000 after purchasing an additional 1,000 shares in the last quarter. FourThought Financial Partners LLC boosted its holdings in Tesla by 4.4% in the fourth quarter. FourThought Financial Partners LLC now owns 1,390 shares of the electric vehicle producer’s stock worth $345,000 after purchasing an additional 58 shares in the last quarter. Forte Capital LLC ADV boosted its holdings in Tesla by 3.6% in the fourth quarter. Forte Capital LLC ADV now owns 14,903 shares of the electric vehicle producer’s stock worth $3,703,000 after purchasing an additional 521 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in Tesla by 568.1% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 75,306 shares of the electric vehicle producer’s stock worth $18,712,000 after purchasing an additional 64,035 shares in the last quarter. Finally, AJOVista LLC bought a new stake in Tesla in the fourth quarter worth $569,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSLA. Roth Mkm reiterated a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a report on Wednesday, April 24th. Edward Jones lowered shares of Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Cantor Fitzgerald began coverage on shares of Tesla in a research report on Thursday. They set an “overweight” rating and a $230.00 target price for the company. Daiwa Capital Markets lowered shares of Tesla from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $245.00 to $195.00 in a research report on Tuesday, February 6th. Finally, Wedbush reissued an “outperform” rating and set a $275.00 target price on shares of Tesla in a research report on Monday, April 29th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $185.90.

Tesla Price Performance

Tesla stock traded up $1.18 during trading hours on Friday, hitting $181.19. 75,491,539 shares of the stock were exchanged, compared to its average volume of 112,969,304. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The stock has a market capitalization of $577.85 billion, a P/E ratio of 46.22, a P/E/G ratio of 4.74 and a beta of 2.41. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The business’s 50-day moving average is $173.85 and its two-hundred day moving average is $204.81.

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.