Tesla, Inc. (NASDAQ:TSLA) Stake Lifted by Hapanowicz & Associates Financial Services Inc

Hapanowicz & Associates Financial Services Inc increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 905 shares of the electric vehicle producer’s stock after buying an additional 88 shares during the quarter. Tesla comprises approximately 0.1% of Hapanowicz & Associates Financial Services Inc’s holdings, making the stock its 27th largest position. Hapanowicz & Associates Financial Services Inc’s holdings in Tesla were worth $225,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Tesla by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock worth $56,534,710,000 after acquiring an additional 3,453,078 shares during the period. State Street Corp boosted its position in Tesla by 0.7% during the 1st quarter. State Street Corp now owns 99,683,820 shares of the electric vehicle producer’s stock worth $20,680,162,000 after acquiring an additional 685,454 shares during the period. Morgan Stanley boosted its position in Tesla by 7.8% during the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after acquiring an additional 2,177,397 shares during the period. FMR LLC boosted its position in Tesla by 0.9% during the 3rd quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock worth $7,266,572,000 after acquiring an additional 269,182 shares during the period. Finally, Norges Bank acquired a new position in Tesla during the 4th quarter worth $3,459,540,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Down 3.6 %

Shares of TSLA traded down $5.52 during midday trading on Thursday, reaching $149.93. 95,522,509 shares of the stock were exchanged, compared to its average volume of 101,837,430. Tesla, Inc. has a 12-month low of $148.70 and a 12-month high of $299.29. The firm has a 50 day simple moving average of $180.24 and a 200-day simple moving average of $212.64. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The company has a market cap of $477.50 billion, a price-to-earnings ratio of 35.25, a P/E/G ratio of 4.15 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same period last year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts forecast that Tesla, Inc. will post 1.97 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group reduced their price target on Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. HSBC cut their price objective on Tesla from $143.00 to $138.00 and set a “reduce” rating for the company in a report on Wednesday, April 3rd. Mizuho restated a “neutral” rating and issued a $195.00 price objective (down previously from $270.00) on shares of Tesla in a report on Monday, March 25th. Jefferies Financial Group cut their price objective on Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. Finally, Sanford C. Bernstein cut their price objective on Tesla from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, March 26th. Ten investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $194.70.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction that occurred 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 directly owns 63,171 shares in the company, valued at $11,188,215.81. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock valued at $38,802,534 in the last three months. Corporate insiders own 25.10% of the company’s stock.

Tesla Profile

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.