AF Advisors Inc. Sells 70 Shares of Tesla, Inc. (NASDAQ:TSLA)

AF Advisors Inc. lowered its stake in Tesla, Inc. (NASDAQ:TSLA) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,218 shares of the electric vehicle producer’s stock after selling 70 shares during the quarter. Tesla makes up 0.0% of AF Advisors Inc.’s investment portfolio, making the stock its 16th largest position. AF Advisors Inc.’s holdings in Tesla were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TSLA. DDFG Inc increased its holdings in shares of Tesla by 7.1% in the fourth quarter. DDFG Inc now owns 1,065 shares of the electric vehicle producer’s stock worth $265,000 after purchasing an additional 71 shares during the period. Vantage Financial Partners LLC grew its position in Tesla by 6.4% during the fourth quarter. Vantage Financial Partners LLC now owns 5,763 shares of the electric vehicle producer’s stock worth $1,432,000 after buying an additional 346 shares in the last quarter. Gilbert & Cook Inc. increased its stake in Tesla by 8.7% in the 4th quarter. Gilbert & Cook Inc. now owns 13,511 shares of the electric vehicle producer’s stock worth $3,357,000 after acquiring an additional 1,086 shares during the last quarter. 9258 Wealth Management LLC raised its holdings in shares of Tesla by 1.1% in the 4th quarter. 9258 Wealth Management LLC now owns 6,165 shares of the electric vehicle producer’s stock valued at $1,532,000 after acquiring an additional 69 shares in the last quarter. Finally, Rollins Financial boosted its position in shares of Tesla by 10.2% during the 4th quarter. Rollins Financial now owns 120,416 shares of the electric vehicle producer’s stock valued at $29,921,000 after acquiring an additional 11,191 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TSLA. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Tesla in a research note on Wednesday, July 24th. New Street Research cut shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective on the stock. in a research report on Wednesday, July 24th. Argus reaffirmed a “buy” rating and set a $286.00 price objective on shares of Tesla in a report on Friday, July 26th. Canaccord Genuity Group increased their target price on Tesla from $222.00 to $254.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Finally, Guggenheim restated a “sell” rating and set a $134.00 price target on shares of Tesla in a research report on Tuesday, July 23rd. Nine research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Tesla presently has an average rating of “Hold” and a consensus target price of $204.21.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.10% of the stock is currently owned by company insiders.

Tesla Stock Performance

Shares of TSLA opened at $210.73 on Friday. Tesla, Inc. has a one year low of $138.80 and a one year high of $278.98. The company has a 50-day simple moving average of $224.47 and a two-hundred day simple moving average of $193.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. The firm has a market capitalization of $673.21 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of 5.80 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Tesla, Inc. will post 1.75 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.