Physician Wealth Advisors Inc. Increases Position in Tesla, Inc. (NASDAQ:TSLA)

Physician Wealth Advisors Inc. increased its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,341 shares of the electric vehicle producer’s stock after acquiring an additional 174 shares during the period. Physician Wealth Advisors Inc.’s holdings in Tesla were worth $1,327,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in shares of Tesla during the third quarter valued at approximately $25,000. Wyrmwood Management LLC acquired a new stake in shares of Tesla during the fourth quarter worth $25,000. Alpha Paradigm Partners LLC purchased a new stake in shares of Tesla in the third quarter valued at $27,000. Halpern Financial Inc. lifted its position in Tesla by 1,111.1% during the third quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 100 shares during the period. Finally, Perkins Coie Trust Co boosted its stake in Tesla by 72.0% in the 3rd quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 54 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 198,598 shares of company stock valued at $36,952,434. 20.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays cut their price target on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating on the stock in a report on Thursday, January 25th. UBS Group decreased their price target on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Jefferies Financial Group reduced their price objective on Tesla from $225.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, January 29th. China Renaissance assumed coverage on Tesla in a report on Monday, February 26th. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Tesla from $218.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Ten investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $203.89.

Read Our Latest Analysis on Tesla

Tesla Stock Down 4.9 %

TSLA stock traded down $8.59 during trading hours on Tuesday, hitting $166.63. The company’s stock had a trading volume of 116,441,580 shares, compared to its average volume of 102,568,922. The stock has a 50 day moving average price of $185.65 and a two-hundred day moving average price of $219.67. Tesla, Inc. has a 12 month low of $152.37 and a 12 month high of $299.29. The company has a market capitalization of $530.68 billion, a PE ratio of 38.66, a price-to-earnings-growth ratio of 3.97 and a beta of 2.40. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. On average, equities research analysts expect that Tesla, Inc. will post 2.44 earnings per share for the current year.

Tesla Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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