Aviso Wealth Management Has $4.83 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Aviso Wealth Management lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,958 shares of the electric vehicle producer’s stock after selling 148 shares during the period. Tesla accounts for 2.5% of Aviso Wealth Management’s portfolio, making the stock its 8th largest holding. Aviso Wealth Management’s holdings in Tesla were worth $4,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TSLA. Graney & King LLC bought a new position in Tesla during the fourth quarter worth $84,000. Core Wealth Partners LLC raised its position in shares of Tesla by 15.8% during the fourth quarter. Core Wealth Partners LLC now owns 2,978 shares of the electric vehicle producer’s stock valued at $1,203,000 after buying an additional 406 shares during the last quarter. America First Investment Advisors LLC grew its position in Tesla by 7.5% during the fourth quarter. America First Investment Advisors LLC now owns 886 shares of the electric vehicle producer’s stock worth $358,000 after buying an additional 62 shares in the last quarter. Motley Fool Wealth Management LLC lifted its position in Tesla by 88.5% in the fourth quarter. Motley Fool Wealth Management LLC now owns 3,581 shares of the electric vehicle producer’s stock worth $1,431,000 after purchasing an additional 1,681 shares during the period. Finally, Financial Engines Advisors L.L.C. lifted its stake in Tesla by 8.0% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 29,979 shares of the electric vehicle producer’s stock worth $12,107,000 after purchasing an additional 2,217 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSLA has been the topic of several recent analyst reports. Morgan Stanley decreased their price target on Tesla from $430.00 to $410.00 and set an “overweight” rating on the stock in a research note on Friday, March 21st. Barclays increased their target price on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Benchmark initiated coverage on shares of Tesla in a research note on Wednesday, February 12th. They set a “buy” rating and a $475.00 price objective on the stock. Truist Financial lifted their target price on shares of Tesla from $351.00 to $373.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $404.00 price target on shares of Tesla in a report on Monday, March 17th. Nine analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $318.93.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $287.95 on Wednesday. The company’s 50 day simple moving average is $330.52 and its 200 day simple moving average is $322.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The stock has a market capitalization of $926.20 billion, a price-to-earnings ratio of 141.15, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla 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 transaction, the director now directly 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 SEC, which can be accessed through this link. Also, Director James R. Murdoch sold 54,776 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares of the company’s stock, valued at $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is currently owned by insiders.

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.