Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,500 shares of the electric vehicle producer’s stock after acquiring an additional 836 shares during the quarter. Tesla accounts for 0.6% of Atlas Private Wealth Advisors’ holdings, making the stock its 22nd largest position. Atlas Private Wealth Advisors’ holdings in Tesla were worth $3,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TSLA. Pasadena Private Wealth LLC raised its holdings in shares of Tesla by 19.0% in the 4th quarter. Pasadena Private Wealth LLC now owns 2,635 shares of the electric vehicle producer’s stock valued at $655,000 after buying an additional 420 shares during the period. GSG Advisors LLC boosted its holdings in shares of Tesla by 65.3% during the fourth quarter. GSG Advisors LLC now owns 1,875 shares of the electric vehicle producer’s stock worth $447,000 after purchasing an additional 741 shares during the last quarter. Rise Advisors LLC boosted its holdings in Tesla by 54.3% in the fourth quarter. Rise Advisors LLC now owns 1,278 shares of the electric vehicle producer’s stock valued at $318,000 after acquiring an additional 450 shares during the last quarter. Falcon Wealth Planning boosted its holdings in Tesla by 7.6% in the fourth quarter. Falcon Wealth Planning now owns 7,564 shares of the electric vehicle producer’s stock valued at $1,880,000 after acquiring an additional 534 shares during the last quarter. Finally, KMG Fiduciary Partners LLC lifted its stake in shares of Tesla by 4.5% during the fourth quarter. KMG Fiduciary Partners LLC now owns 7,015 shares of the electric vehicle producer’s stock worth $1,743,000 after purchasing an additional 300 shares in the last quarter. 41.87% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Up 6.3 %

Tesla stock traded up $10.23 during midday trading on Monday, reaching $173.80. The stock had a trading volume of 107,960,576 shares, compared to its average volume of 105,784,102. 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 $553.52 billion, a P/E ratio of 40.32, a PEG ratio of 3.65 and a beta of 2.41. The company has a fifty day moving average price of $194.75 and a two-hundred day moving average price of $225.58. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last issued 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 company had revenue of $25.17 billion for 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 business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 earnings per share. As a group, equities analysts expect that Tesla, Inc. will post 2.45 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TSLA shares. Wells Fargo & Company lowered Tesla from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $200.00 to $125.00 in a research report on Wednesday, March 13th. Canaccord Genuity Group cut their target price on shares of Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Tesla from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Redburn Atlantic assumed coverage on shares of Tesla in a research note on Wednesday, January 24th. They issued a “sell” rating and a $170.00 target price on the stock. Finally, Edward Jones cut Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Ten analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Tesla has an average rating of “Hold” and a consensus target price of $211.93.

Insider Activity

In related news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders sold a total of 198,598 shares of company stock valued at $36,952,434 over the last three months. Corporate insiders own 25.10% of the company’s stock.

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.