FPC Investment Advisory Inc. Purchases 85 Shares of Tesla, Inc. (NASDAQ:TSLA)

FPC Investment Advisory Inc. boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 864 shares of the electric vehicle producer’s stock after purchasing an additional 85 shares during the quarter. Tesla comprises 0.3% of FPC Investment Advisory Inc.’s holdings, making the stock its 21st biggest position. FPC Investment Advisory Inc.’s holdings in Tesla were worth $350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Swedbank AB raised its holdings in Tesla by 2.8% during the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after purchasing an additional 29,669 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Tesla by 34.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,166 shares of the electric vehicle producer’s stock valued at $1,087,000 after acquiring an additional 1,059 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Tesla by 28.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 990 shares of the electric vehicle producer’s stock valued at $259,000 after acquiring an additional 217 shares during the last quarter. Ellis Investment Partners LLC bought a new stake in shares of Tesla in the 3rd quarter valued at about $222,000. Finally, First Financial Bankshares Inc increased its stake in shares of Tesla by 2.8% in the 3rd quarter. First Financial Bankshares Inc now owns 8,305 shares of the electric vehicle producer’s stock valued at $2,173,000 after acquiring an additional 226 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Trading Down 2.2 %

NASDAQ TSLA opened at $330.53 on Tuesday. The company has a market cap of $1.06 trillion, a PE ratio of 162.03, a PEG ratio of 5.86 and a beta of 2.34. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The stock has a 50 day moving average of $397.52 and a 200-day moving average of $314.96.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TSLA. Evercore ISI upped their price target on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research note on Friday, January 3rd. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and upped their price target for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Guggenheim reaffirmed a “sell” rating and issued a $175.00 price target on shares of Tesla in a research note on Wednesday, January 29th. Canaccord Genuity Group upped their price target on Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Bank of America cut Tesla from a “buy” rating to a “neutral” rating and increased their target price for the stock from $400.00 to $490.00 in a research note on Tuesday, January 7th. Ten equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $319.57.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the transaction, the director now owns 85,000 shares in the company, valued at $30,095,100. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the transaction, the director now owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock valued at $195,995,200 in the last quarter. 20.70% of the stock is currently owned by insiders.

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.