Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 28.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,288 shares of the electric vehicle producer’s stock after purchasing an additional 4,303 shares during the period. Tesla accounts for approximately 2.6% of Fortis Capital Advisors LLC’s portfolio, making the stock its 8th biggest holding. Fortis Capital Advisors LLC’s holdings in Tesla were worth $7,789,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TSLA. Horrell Capital Management Inc. grew its position in Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 34 shares during the last quarter. GS Investments Inc. grew its position in Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after buying an additional 58 shares in the last quarter. CoreFirst Bank & Trust bought a new position in Tesla during the fourth quarter valued at about $38,000. Delos Wealth Advisors LLC raised its holdings in Tesla by 300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer’s stock valued at $40,000 after acquiring an additional 75 shares in the last quarter. Finally, Cyrus J. Lawrence LLC bought a new stake in shares of Tesla in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the business’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 transaction of $43,162,255.60. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at approximately $32,643,400. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares in the company, valued at approximately $41,745,581.15. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 374,228 shares of company stock worth $123,791,123. Insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on TSLA shares. HSBC cut their target price on Tesla from $165.00 to $130.00 and set a “reduce” rating for the company in a research note on Thursday, March 27th. Cantor Fitzgerald restated an “overweight” rating and issued a $425.00 price objective on shares of Tesla in a research note on Thursday, April 3rd. The Goldman Sachs Group decreased their target price on shares of Tesla from $320.00 to $275.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Benchmark cut their price target on shares of Tesla from $475.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Guggenheim lowered their price objective on Tesla from $175.00 to $170.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $298.59.

Tesla Price Performance

Shares of TSLA stock opened at $251.96 on Friday. The firm has a market cap of $810.42 billion, a price-to-earnings ratio of 123.51, a PEG ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $285.19 and a 200 day moving average price of $323.09.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS 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%. Research analysts expect that Tesla, Inc. will post 2.56 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.