Tesla, Inc. (NASDAQ:TSLA) is Financial Sense Advisors Inc.’s 4th Largest Position

Financial Sense Advisors Inc. reduced its position in Tesla, Inc. (NASDAQ:TSLA) by 33.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 42,738 shares of the electric vehicle producer’s stock after selling 21,749 shares during the quarter. Tesla makes up 5.7% of Financial Sense Advisors Inc.’s holdings, making the stock its 4th biggest holding. Financial Sense Advisors Inc.’s holdings in Tesla were worth $17,259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bryn Mawr Capital Management LLC boosted its holdings in Tesla by 369.4% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 51,554 shares of the electric vehicle producer’s stock valued at $20,820,000 after acquiring an additional 40,572 shares during the period. Fagan Associates Inc. boosted its holdings in Tesla by 1.1% during the 4th quarter. Fagan Associates Inc. now owns 9,958 shares of the electric vehicle producer’s stock valued at $4,021,000 after acquiring an additional 111 shares during the period. Good Life Advisors LLC boosted its holdings in Tesla by 9.9% during the 4th quarter. Good Life Advisors LLC now owns 18,943 shares of the electric vehicle producer’s stock valued at $7,650,000 after acquiring an additional 1,713 shares during the period. Financial Perspectives Inc boosted its holdings in Tesla by 1.0% during the 4th quarter. Financial Perspectives Inc now owns 7,840 shares of the electric vehicle producer’s stock valued at $3,166,000 after acquiring an additional 77 shares during the period. Finally, Vista Capital Partners Inc. boosted its holdings in Tesla by 1.4% during the 4th quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer’s stock valued at $795,000 after acquiring an additional 27 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TSLA has been the subject of several analyst reports. Morgan Stanley restated an “overweight” rating on shares of Tesla in a report on Tuesday. Evercore ISI increased their target price on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a report on Friday, January 3rd. New Street Research raised 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. Guggenheim reaffirmed a “sell” rating and set a $175.00 price target on shares of Tesla in a research report on Wednesday, January 29th. Finally, Piper Sandler upped their price target on Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Ten investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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 sale, the director now directly owns 85,000 shares in the company, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total value of $35,254,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at approximately $1,903,716. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 523,386 shares of company stock worth $195,995,200. Insiders own 20.70% of the company’s stock.

Tesla Stock Down 4.7 %

TSLA stock opened at $337.80 on Friday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.09 trillion, a PE ratio of 165.59, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The business has a 50 day moving average of $400.17 and a 200 day moving average of $313.18.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, research analysts forecast that Tesla, Inc. will post 2.56 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.