Helium Advisors LLC Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Helium Advisors LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, HoldingsChannel reports. The firm bought 1,561 shares of the electric vehicle producer’s stock, valued at approximately $630,000.

A number of other hedge funds have also recently modified their holdings of the business. Wealth Group Ltd. purchased a new position in shares of Tesla during the fourth quarter valued at approximately $275,000. Comprehensive Financial Planning Inc. PA bought a new position in Tesla during the 4th quarter valued at approximately $1,361,000. Tallon Kerry Patrick purchased a new position in Tesla during the fourth quarter valued at $374,000. Flower City Capital boosted its holdings in Tesla by 15.2% in the fourth quarter. Flower City Capital now owns 961 shares of the electric vehicle producer’s stock worth $388,000 after acquiring an additional 127 shares in the last quarter. Finally, McCarthy & Cox purchased a new stake in shares of Tesla in the fourth quarter worth $269,000. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler set a $400.00 price target on Tesla in a research report on Tuesday, May 6th. Roth Mkm reduced their price objective on shares of Tesla from $450.00 to $395.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Bank of America dropped their target price on shares of Tesla from $490.00 to $380.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. HSBC cut their price target on shares of Tesla from $165.00 to $130.00 and set a “reduce” rating on the stock in a report on Thursday, March 27th. Finally, Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $289.43.

Tesla Trading Up 1.9%

Shares of Tesla stock opened at $341.04 on Friday. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. The company’s fifty day simple moving average is $275.05 and its 200-day simple moving average is $332.09. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market capitalization of $1.10 trillion, a PE ratio of 167.18, a P/E/G ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion during the quarter, compared to analysts’ expectations of $22.93 billion. During the same period in the prior year, the company posted $0.45 earnings per share. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $350.11, for a total value of $1,050,330.00. Following the completion of the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $9,435,464.50. This represents a 10.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total value of $30,809,717.40. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $23,300,200. This trade represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 415,623 shares of company stock worth $116,650,831 over the last three months. 20.70% of the stock is currently owned by company 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.