Epic Trust Investment Advisors LLC Raises Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Epic Trust Investment Advisors LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 19.3% in the fourth quarter, Holdings Channel reports. The firm owned 2,191 shares of the electric vehicle producer’s stock after acquiring an additional 355 shares during the period. Epic Trust Investment Advisors LLC’s holdings in Tesla were worth $544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mount Vernon Associates Inc. MD grew its stake in Tesla by 5.3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after buying an additional 350 shares during the last quarter. Oak Ridge Investments LLC raised its holdings in Tesla by 4.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after acquiring an additional 1,405 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Tesla by 3.7% during the 3rd quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock worth $182,352,000 after buying an additional 25,943 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Tesla by 16.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock valued at $11,533,000 after acquiring an additional 6,615 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Tesla by 11.8% during the 4th quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock worth $193,935,000 after acquiring an additional 81,729 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Trading Down 5.2 %

TSLA stock traded down $10.00 during mid-day trading on Tuesday, reaching $184.05. The company’s stock had a trading volume of 117,301,836 shares, compared to its average volume of 105,200,906. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The business’s 50 day moving average price is $174.92 and its 200 day moving average price is $206.77. The company has a market cap of $586.97 billion, a price-to-earnings ratio of 47.34, a price-to-earnings-growth ratio of 4.45 and a beta of 2.40.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. HSBC reduced their price target on Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research report on Wednesday, April 24th. Wedbush reiterated an “outperform” rating and set a $275.00 target price on shares of Tesla in a research note on Monday. Roth Mkm reissued a “neutral” rating and issued a $85.00 price target on shares of Tesla in a report on Wednesday, April 24th. JPMorgan Chase & Co. lowered their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 3rd. Finally, Guggenheim reiterated a “sell” rating and set a $122.00 price target on shares of Tesla in a report on Tuesday, April 23rd. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $184.32.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,098 shares of company stock worth $38,802,534. 20.90% of the stock is currently owned by company insiders.

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.