Tesla, Inc. (NASDAQ:TSLA) Stock Position Raised by Capital Advisory Group Advisory Services LLC

Capital Advisory Group Advisory Services LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,774 shares of the electric vehicle producer’s stock after purchasing an additional 266 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Tesla were worth $1,120,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Swedbank AB lifted its position in Tesla by 2.8% in the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after buying an additional 29,669 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Tesla by 34.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,166 shares of the electric vehicle producer’s stock worth $1,087,000 after acquiring an additional 1,059 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in Tesla by 28.1% during the third quarter. GHP Investment Advisors Inc. now owns 990 shares of the electric vehicle producer’s stock valued at $259,000 after purchasing an additional 217 shares during the last quarter. Ellis Investment Partners LLC acquired a new stake in Tesla during the third quarter valued at $222,000. Finally, First Financial Bankshares Inc grew its stake in Tesla by 2.8% in the third quarter. First Financial Bankshares Inc now owns 8,305 shares of the electric vehicle producer’s stock valued at $2,173,000 after purchasing an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total value of $39,792,803.40. Following the sale, the director now directly owns 85,000 shares in the company, valued at $30,095,100. This represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the transaction, the director now directly owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock valued at $195,995,200 over the last quarter. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TSLA. Guggenheim reiterated a “sell” rating and set a $175.00 price target on shares of Tesla in a report on Wednesday, January 29th. Benchmark began coverage on shares of Tesla in a research note on Wednesday, February 12th. They issued a “buy” rating and a $475.00 target price for the company. Barclays boosted their target price on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Wedbush set a $328.50 price target on shares of Tesla in a report on Wednesday, February 12th. Finally, Robert W. Baird decreased their price objective on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and an average target price of $319.57.

Tesla Stock Performance

TSLA opened at $330.53 on Tuesday. The stock has a market cap of $1.06 trillion, a PE ratio of 162.03, a P/E/G ratio of 5.86 and a beta of 2.34. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The stock’s 50 day simple moving average is $397.52 and its 200-day simple moving average is $314.96. 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 (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%. Sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

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.