Echo45 Advisors LLC Has $509,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Echo45 Advisors LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,240 shares of the electric vehicle producer’s stock after acquiring an additional 44 shares during the quarter. Echo45 Advisors LLC’s holdings in Tesla were worth $509,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in TSLA. True North Advisors LLC boosted its position in shares of Tesla by 3.8% in the fourth quarter. True North Advisors LLC now owns 3,468 shares of the electric vehicle producer’s stock valued at $1,400,000 after acquiring an additional 127 shares during the period. Independent Wealth Network Inc. boosted its holdings in Tesla by 77.2% in the 4th quarter. Independent Wealth Network Inc. now owns 3,381 shares of the electric vehicle producer’s stock valued at $1,365,000 after purchasing an additional 1,473 shares during the period. Wesbanco Bank Inc. grew its position in Tesla by 3.4% in the 4th quarter. Wesbanco Bank Inc. now owns 31,111 shares of the electric vehicle producer’s stock worth $12,564,000 after purchasing an additional 1,037 shares during the last quarter. GoalVest Advisory LLC increased its holdings in shares of Tesla by 30.1% during the 4th quarter. GoalVest Advisory LLC now owns 10,173 shares of the electric vehicle producer’s stock worth $4,108,000 after purchasing an additional 2,352 shares during the period. Finally, Eagle Capital Management LLC acquired a new position in shares of Tesla during the fourth quarter valued at about $331,000. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

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

Tesla Trading Down 1.4 %

Shares of NASDAQ TSLA opened at $406.58 on Friday. The company’s 50 day simple moving average is $398.82 and its 200 day simple moving average is $294.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. 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 P/E/G ratio of 8.42 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last posted 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 return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same period last year, the company earned $0.53 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Tesla, Inc. will post 2.01 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on TSLA shares. UBS Group boosted their price target on Tesla from $197.00 to $226.00 and gave the company a “sell” rating in a research note on Monday, November 25th. Evercore ISI upped their target price on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research note on Friday, January 3rd. StockNews.com upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Finally, Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $313.84.

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.