Arkos Global Advisors Acquires 105 Shares of Tesla, Inc. (NASDAQ:TSLA)

Arkos Global Advisors increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 914 shares of the electric vehicle producer’s stock after purchasing an additional 105 shares during the period. Arkos Global Advisors’ holdings in Tesla were worth $369,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Horrell Capital Management Inc. lifted its position in Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. GS Investments Inc. lifted its holdings in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of Tesla during the fourth quarter worth about $38,000. Delos Wealth Advisors LLC raised its position in Tesla by 300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer’s stock valued at $40,000 after buying an additional 75 shares during the last quarter. Finally, Cyrus J. Lawrence LLC bought a new stake in Tesla in the 4th quarter valued at approximately $44,000. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

Shares of Tesla stock opened at $284.95 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $916.55 billion, a price-to-earnings ratio of 139.68, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a twelve month low of $166.37 and a twelve month high of $488.54. The company has a 50-day simple moving average of $263.98 and a two-hundred day simple moving average of $322.46.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter last year, the firm posted $0.45 earnings per share. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $6,737,500. This trade represents a 12.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 374,228 shares of company stock valued at $123,791,123 over the last quarter. 20.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley reiterated a “buy” rating and issued a $430.00 price objective on shares of Tesla in a report on Tuesday. New Street Research upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target on the stock in a research note on Monday, January 6th. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada decreased their price objective on Tesla from $314.00 to $307.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, BNP Paribas set a $137.00 target price on Tesla and gave the stock an “underperform” rating in a report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $287.46.

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.