Tesla, Inc. (NASDAQ:TSLA) Holdings Lifted by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,619 shares of the electric vehicle producer’s stock after acquiring an additional 235 shares during the quarter. Tesla accounts for approximately 4.3% of Vanguard Capital Wealth Advisors’ holdings, making the stock its 5th biggest holding. Vanguard Capital Wealth Advisors’ holdings in Tesla were worth $5,372,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TSLA. Holderness Investments Co. grew its holdings in shares of Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock worth $650,000 after purchasing an additional 42 shares during the last quarter. SCS Capital Management LLC grew its holdings in shares of Tesla by 0.3% in the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock worth $4,224,000 after purchasing an additional 45 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in Tesla by 0.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after acquiring an additional 45 shares in the last quarter. ML & R Wealth Management LLC boosted its holdings in Tesla by 2.6% in the third quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock valued at $455,000 after acquiring an additional 46 shares in the last quarter. Finally, LCM Capital Management Inc boosted its holdings in Tesla by 3.5% in the third quarter. LCM Capital Management Inc now owns 1,374 shares of the electric vehicle producer’s stock valued at $344,000 after acquiring an additional 46 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock worth $38,802,534 over the last three months. 20.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a report on Friday, April 12th. Evercore ISI lowered their price objective on Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday. Daiwa Capital Markets lowered Tesla from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $245.00 to $195.00 in a research report on Tuesday, February 6th. Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, Jefferies Financial Group lowered their price objective on Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $184.32.

Tesla Price Performance

TSLA traded down $10.77 during trading on Tuesday, reaching $183.28. 126,595,918 shares of the company traded hands, compared to its average volume of 105,361,820. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The firm has a fifty day simple moving average of $174.92 and a 200 day simple moving average of $206.77. The company has a market cap of $584.52 billion, a P/E ratio of 47.34, a PEG ratio of 4.45 and a beta of 2.40.

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.