Professional Financial Advisors LLC Sells 74 Shares of Tesla, Inc. (NASDAQ:TSLA)

Professional Financial Advisors LLC trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,804 shares of the electric vehicle producer’s stock after selling 74 shares during the period. Professional Financial Advisors LLC’s holdings in Tesla were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Tesla by 1.6% during the third quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock valued at $56,534,710,000 after purchasing an additional 3,453,078 shares during the period. State Street Corp grew its holdings in Tesla by 4.4% during the second quarter. State Street Corp now owns 104,115,390 shares of the electric vehicle producer’s stock valued at $27,254,286,000 after purchasing an additional 4,431,570 shares during the period. Morgan Stanley boosted its holdings in shares of Tesla by 7.8% in the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after acquiring an additional 2,177,397 shares during the period. FMR LLC boosted its holdings in shares of Tesla by 0.9% in the third quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock worth $7,266,572,000 after acquiring an additional 269,182 shares during the period. Finally, Norges Bank bought a new position in shares of Tesla in the fourth quarter worth $3,459,540,000. 66.20% of the stock is owned by institutional investors.

Tesla Trading Down 1.8 %

Shares of Tesla stock traded down $3.27 on Thursday, reaching $176.56. The company had a trading volume of 38,127,765 shares, compared to its average volume of 101,995,805. Tesla, Inc. has a 52-week low of $152.37 and a 52-week high of $299.29. The firm’s 50 day moving average price is $188.49 and its two-hundred day moving average price is $222.36. The firm has a market cap of $562.31 billion, a PE ratio of 41.23, a PEG ratio of 4.01 and a beta of 2.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 EPS. Sell-side analysts predict that Tesla, Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TSLA shares. Jefferies Financial Group cut their price target on Tesla from $225.00 to $185.00 and set a “hold” rating for the company in a report on Monday, January 29th. Morgan Stanley reiterated an “overweight” rating and issued a $320.00 price objective on shares of Tesla in a research report on Wednesday. Redburn Atlantic began coverage on Tesla in a research report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 price objective on the stock. Wells Fargo & Company downgraded Tesla from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $200.00 to $125.00 in a research report on Wednesday, March 13th. Finally, Edward Jones downgraded Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $204.63.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,598 shares of company stock valued at $36,952,434. Insiders own 20.90% 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.