Tesla, Inc. (NASDAQ:TSLA) Shares Sold by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,326 shares of the electric vehicle producer’s stock after selling 177 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Tesla were worth $939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in TSLA. Transcendent Capital Group LLC acquired a new position in shares of Tesla in the third quarter valued at about $29,000. Clean Yield Group increased its holdings in Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after buying an additional 48 shares during the period. Peterson Financial Group Inc. purchased a new position in Tesla during the 3rd quarter worth approximately $35,000. M&R Capital Management Inc. lifted its stake in Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Finally, Quarry LP purchased a new stake in shares of Tesla in the 2nd quarter valued at $48,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 617,886 shares of company stock worth $212,451,751 in the last ninety days. 20.70% of the stock is owned by insiders.

Tesla Stock Performance

NASDAQ TSLA opened at $406.58 on Friday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The firm has a market capitalization of $1.31 trillion, a P/E ratio of 111.39, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The stock’s fifty day moving average is $398.82 and its two-hundred day moving average is $294.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Tesla’s quarterly revenue was up 7.8% on a year-over-year basis. On average, research analysts anticipate that Tesla, Inc. will post 2.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TSLA shares. The Goldman Sachs Group boosted their target price on shares of Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Wells Fargo & Company upped their target price on Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target for the company in a research report on Monday, January 6th. Mizuho upgraded Tesla from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $230.00 to $515.00 in a research report on Tuesday, December 17th. Finally, Morgan Stanley lifted their target price on shares of Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $313.84.

Tesla Company 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.