Professional Financial Advisors LLC Reduces Holdings in Tesla, Inc. (NASDAQ:TSLA)

Professional Financial Advisors LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,804 shares of the electric vehicle producer’s stock after selling 74 shares during the quarter. Professional Financial Advisors LLC’s holdings in Tesla were worth $448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Procyon Advisors LLC increased its position in Tesla by 0.7% during the 4th quarter. Procyon Advisors LLC now owns 33,170 shares of the electric vehicle producer’s stock valued at $8,242,000 after buying an additional 231 shares in the last quarter. First National Corp MA ADV grew its holdings in shares of Tesla by 30.0% in the fourth quarter. First National Corp MA ADV now owns 1,401 shares of the electric vehicle producer’s stock worth $348,000 after acquiring an additional 323 shares during the period. Planned Solutions Inc. purchased a new position in Tesla during the fourth quarter valued at $134,000. Courier Capital LLC purchased a new position in Tesla during the fourth quarter valued at $2,826,000. Finally, IFG Advisory LLC lifted its position in Tesla by 4.6% during the fourth quarter. IFG Advisory LLC now owns 15,132 shares of the electric vehicle producer’s stock valued at $3,760,000 after purchasing an additional 665 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of several research reports. UBS Group reduced their target price on Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. KGI Securities reissued a “neutral” rating and set a $213.00 price objective (down from $309.00) on shares of Tesla in a research note on Thursday, January 25th. The Goldman Sachs Group cut their target price on Tesla from $220.00 to $190.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Daiwa Capital Markets cut Tesla from an “outperform” rating to a “neutral” rating and cut their target price for the company from $245.00 to $195.00 in a research note on Tuesday, February 6th. Finally, Barclays lowered their price target on Tesla from $250.00 to $225.00 and set an “equal weight” rating for the company in a report on Thursday, January 25th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Tesla has a consensus rating of “Hold” and an average price target of $204.63.

Insider Transactions at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on 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 approximately $6,376,229.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, 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 value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction 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 sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. Insiders sold 198,598 shares of company stock worth $36,952,434 in the last 90 days. Insiders own 20.90% of the company’s stock.

Tesla Price Performance

TSLA traded down $3.27 during trading on Thursday, reaching $176.56. The company’s stock had a trading volume of 38,127,765 shares, compared to its average volume of 101,995,805. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $188.49 and a two-hundred day simple moving average of $222.36. Tesla, Inc. has a 1 year low of $152.37 and a 1 year high of $299.29. The company has a market cap of $562.31 billion, a price-to-earnings ratio of 41.23, a PEG ratio of 4.01 and a beta of 2.41.

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

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.