Armstrong Fleming & Moore Inc Has $2.40 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Armstrong Fleming & Moore Inc cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 39.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,932 shares of the electric vehicle producer’s stock after selling 3,865 shares during the period. Tesla comprises approximately 1.5% of Armstrong Fleming & Moore Inc’s holdings, making the stock its 12th largest holding. Armstrong Fleming & Moore Inc’s holdings in Tesla were worth $2,396,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Ndwm LLC raised its holdings in shares of Tesla by 0.8% in the 4th quarter. Ndwm LLC now owns 3,563 shares of the electric vehicle producer’s stock worth $1,439,000 after buying an additional 30 shares in the last quarter. Bryn Mawr Capital Management LLC grew its position in Tesla by 0.8% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 11,065 shares of the electric vehicle producer’s stock worth $4,468,000 after acquiring an additional 83 shares during the last quarter. Kellett Wealth Advisors LLC grew its position in Tesla by 24.7% during the 4th quarter. Kellett Wealth Advisors LLC now owns 1,794 shares of the electric vehicle producer’s stock worth $724,000 after acquiring an additional 355 shares during the last quarter. Weil Company Inc. grew its position in Tesla by 86.2% during the 4th quarter. Weil Company Inc. now owns 3,597 shares of the electric vehicle producer’s stock worth $1,453,000 after acquiring an additional 1,665 shares during the last quarter. Finally, Advisor OS LLC grew its position in Tesla by 17.9% during the 4th quarter. Advisor OS LLC now owns 7,230 shares of the electric vehicle producer’s stock worth $2,920,000 after acquiring an additional 1,097 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TSLA. Royal Bank of Canada restated a “mixed” rating on shares of Tesla in a research report on Saturday, February 8th. Mizuho restated an “outperform” rating and set a $515.00 price target on shares of Tesla in a research report on Thursday, January 30th. Glj Research reiterated a “sell” rating and issued a $24.86 price objective on shares of Tesla in a research report on Wednesday, February 12th. Guggenheim reiterated a “sell” rating on shares of Tesla in a research report on Tuesday. Finally, The Goldman Sachs Group reiterated a “cautious” rating on shares of Tesla in a research report on Monday, February 10th. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $318.77.

Tesla Stock Performance

TSLA opened at $293.33 on Friday. The business’s 50-day moving average price is $385.35 and its two-hundred day moving average price is $315.95. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a market capitalization of $943.49 billion, a price-to-earnings ratio of 143.79, a P/E/G ratio of 5.86 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results 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 net margin of 7.26% and a return on equity of 10.31%. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $37,226,491.76. This trade represents a 6.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at $1,903,716. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 523,386 shares of company stock valued at $195,995,200 in the last 90 days. 20.70% of the stock is currently owned by company insiders.

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.