Central Valley Advisors LLC Has $1.58 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Central Valley Advisors LLC cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,910 shares of the electric vehicle producer’s stock after selling 237 shares during the period. Central Valley Advisors LLC’s holdings in Tesla were worth $1,579,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TSLA. Salvus Wealth Management LLC acquired a new stake in Tesla in the fourth quarter valued at $201,000. Certified Advisory Corp lifted its stake in Tesla by 0.6% in the 4th quarter. Certified Advisory Corp now owns 7,381 shares of the electric vehicle producer’s stock valued at $2,981,000 after purchasing an additional 47 shares during the last quarter. Harbor Group Inc. bought a new position in Tesla during the fourth quarter worth about $222,000. Ullmann Wealth Partners Group LLC increased its position in Tesla by 11.6% during the fourth quarter. Ullmann Wealth Partners Group LLC now owns 2,746 shares of the electric vehicle producer’s stock worth $1,109,000 after buying an additional 286 shares during the last quarter. Finally, Cypress Wealth Services LLC raised its stake in Tesla by 3.9% in the fourth quarter. Cypress Wealth Services LLC now owns 11,292 shares of the electric vehicle producer’s stock valued at $4,560,000 after buying an additional 427 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In related news, Director Kimbal Musk sold 60,500 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the sale, the director now directly owns 1,563,220 shares in the company, valued at $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction dated 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 $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 621,886 shares of company stock worth $213,451,751. 20.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TSLA. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday, October 24th. Wells Fargo & Company upped their price objective on shares of Tesla from $120.00 to $125.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. The Goldman Sachs Group increased their price objective 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. Truist Financial reiterated a “hold” rating and issued a $360.00 price target on shares of Tesla in a research note on Thursday, January 2nd. Finally, New Street Research upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective for the company in a research report on Monday, January 6th. Nine investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus price target of $299.33.

Tesla Price Performance

TSLA stock opened at $426.50 on Friday. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The stock has a market cap of $1.37 trillion, a price-to-earnings ratio of 116.85, a P/E/G ratio of 6.53 and a beta of 2.30. The company has a 50 day simple moving average of $387.84 and a 200 day simple moving average of $286.58.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the prior year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

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.