Nations Financial Group Inc. IA ADV Acquires 81 Shares of Tesla, Inc. (NASDAQ:TSLA)

Nations Financial Group Inc. IA ADV boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 22,904 shares of the electric vehicle producer’s stock after purchasing an additional 81 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Tesla were worth $5,691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wyrmwood Management LLC bought a new stake in shares of Tesla in the fourth quarter valued at about $25,000. Lam Group Inc. bought a new stake in shares of Tesla in the fourth quarter valued at about $25,000. Mendota Financial Group LLC lifted its holdings in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares in the last quarter. Kathleen S. Wright Associates Inc. lifted its holdings in shares of Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. Finally, Advisors Preferred LLC bought a new stake in shares of Tesla in the third quarter valued at about $60,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

Shares of Tesla stock traded up $5.50 on Friday, hitting $179.24. The stock had a trading volume of 65,584,478 shares, compared to its average volume of 91,189,992. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The business’s 50 day moving average is $171.69 and its two-hundred day moving average is $201.13. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock has a market cap of $571.63 billion, a price-to-earnings ratio of 45.72, a price-to-earnings-growth ratio of 4.40 and a beta of 2.41.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $21.30 billion for the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. Analysts forecast that Tesla, Inc. will post 1.89 EPS for the current year.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was 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 $6,376,229.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,772,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 209,097 shares of company stock valued at $37,877,471 over the last 90 days. 25.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. HSBC dropped their target price on Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a report on Wednesday, April 24th. Jefferies Financial Group dropped their target price on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Cantor Fitzgerald assumed coverage on Tesla in a report on Thursday, May 2nd. They set an “overweight” rating and a $230.00 target price on the stock. Mizuho dropped their target price on Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Tesla in a report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $185.90.

Tesla Company 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.