Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Northwest Financial Advisors

Northwest Financial Advisors decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,389 shares of the electric vehicle producer’s stock after selling 360 shares during the quarter. Northwest Financial Advisors’ holdings in Tesla were worth $965,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TSLA. JDH Wealth Management LLC acquired a new position in Tesla in the fourth quarter valued at about $585,000. Nilsine Partners LLC lifted its holdings in shares of Tesla by 0.5% in the 4th quarter. Nilsine Partners LLC now owns 14,322 shares of the electric vehicle producer’s stock worth $5,784,000 after acquiring an additional 77 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Tesla by 4.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 36,101 shares of the electric vehicle producer’s stock worth $14,579,000 after purchasing an additional 1,407 shares during the period. tru Independence LLC acquired a new stake in Tesla in the 4th quarter valued at approximately $233,000. Finally, Cornell Pochily Investment Advisors Inc. raised its position in Tesla by 10.0% in the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 3,639 shares of the electric vehicle producer’s stock valued at $1,469,000 after purchasing an additional 330 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Tuesday, October 8th. Glj Research reaffirmed a “sell” rating and set a $24.86 price objective on shares of Tesla in a research report on Friday, January 3rd. JPMorgan Chase & Co. lifted their price objective on Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Robert W. Baird cut their target price on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Truist Financial lifted their price target on shares of Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a research note on Thursday. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and an average target price of $318.31.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $400.28 on Friday. The stock has a fifty day moving average price of $401.98 and a 200 day moving average price of $297.28. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The company has a market cap of $1.28 trillion, a PE ratio of 109.67, a P/E/G ratio of 8.42 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.24% and a net margin of 13.07%. Sell-side analysts forecast that Tesla, Inc. will post 2.01 EPS for the current year.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 553,386 shares of company stock worth $196,305,796. Company insiders own 20.70% of the company’s stock.

Tesla 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.