Tesla, Inc. (NASDAQ:TSLA) Shares Sold by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 8.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,168 shares of the electric vehicle producer’s stock after selling 191 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Tesla were worth $876,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TSLA. Swedbank AB lifted its position in shares of Tesla by 2.8% in the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after buying an additional 29,669 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Tesla during the third quarter worth about $403,000. D.B. Root & Company LLC lifted its holdings in Tesla by 36.2% in the third quarter. D.B. Root & Company LLC now owns 4,094 shares of the electric vehicle producer’s stock worth $1,071,000 after acquiring an additional 1,089 shares during the last quarter. Forte Capital LLC ADV boosted its stake in Tesla by 1.1% in the third quarter. Forte Capital LLC ADV now owns 14,277 shares of the electric vehicle producer’s stock valued at $3,735,000 after acquiring an additional 158 shares during the period. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Tesla during the third quarter valued at approximately $384,000. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TSLA shares. Guggenheim reissued a “sell” rating on shares of Tesla in a report on Tuesday, February 25th. Barclays raised their target price on Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Robert W. Baird lowered their price target on shares of Tesla from $440.00 to $370.00 and set an “outperform” rating for the company in a research report on Thursday. Wedbush reiterated an “outperform” rating on shares of Tesla in a research report on Friday. Finally, Wells Fargo & Company upped their target price on shares of Tesla from $125.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $313.15.

Tesla Trading Down 5.6 %

Shares of NASDAQ:TSLA opened at $263.45 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a market capitalization of $847.39 billion, a price-to-earnings ratio of 129.14, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a 50 day moving average price of $371.15 and a 200 day moving average price of $317.75.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $32,643,400. This represents a 56.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 422,452 shares of company stock valued at $153,659,530. 20.70% of the stock is owned by corporate insiders.

About Tesla

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.