Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,291 shares of the electric vehicle producer’s stock after selling 762 shares during the period. Capital Investment Advisory Services LLC’s holdings in Tesla were worth $2,944,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in shares of Tesla during the third quarter worth $29,000. Clean Yield Group lifted its position in Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after acquiring an additional 48 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in Tesla in the third quarter valued at $35,000. Finley Financial LLC purchased a new stake in Tesla in the fourth quarter valued at $64,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its position in Tesla by 692.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after acquiring an additional 187 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TSLA. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday. UBS Group boosted their price target on shares of Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a research report on Thursday. Truist Financial upped their target price on shares of Tesla from $351.00 to $373.00 and gave the company a “hold” rating in a report on Thursday. Evercore ISI upped their target price on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a report on Friday, January 3rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $365.00 target price on shares of Tesla in a report on Wednesday, January 29th. Nine analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average price target of $318.31.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value 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 approximately $45,063,565.40. The trade was a 6.04 % decrease in their position. 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 112,390 shares of Tesla stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 553,386 shares of company stock valued at $196,305,796. Company insiders own 20.70% of the company’s stock.

Tesla Stock Up 1.1 %

TSLA stock opened at $404.60 on Monday. The company’s 50 day simple moving average is $404.22 and its 200-day simple moving average is $299.34. The firm has a market capitalization of $1.30 trillion, a PE ratio of 198.33, a P/E/G ratio of 8.08 and a beta of 2.30. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 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 10.54%. Equities analysts expect that Tesla, Inc. will post 2.82 earnings per share for the current fiscal year.

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.