United Advisor Group LLC Boosts Stock Position in Tesla, Inc. (NASDAQ:TSLA)

United Advisor Group LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 13.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,437 shares of the electric vehicle producer’s stock after buying an additional 1,463 shares during the period. Tesla accounts for about 1.0% of United Advisor Group LLC’s holdings, making the stock its 23rd largest holding. United Advisor Group LLC’s holdings in Tesla were worth $5,023,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Tesla by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer’s stock worth $98,211,134,000 after buying an additional 3,571,793 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Tesla by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer’s stock worth $24,566,217,000 after buying an additional 1,655,203 shares during the last quarter. Norges Bank purchased a new stake in shares of Tesla in the 4th quarter worth approximately $14,420,248,000. FMR LLC grew its stake in shares of Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer’s stock worth $13,997,660,000 after buying an additional 9,920,325 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Tesla by 21.6% in the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer’s stock valued at $11,541,592,000 after acquiring an additional 5,075,418 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

Shares of Tesla stock opened at $339.34 on Friday. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The stock’s fifty day moving average is $277.33 and its 200 day moving average is $333.00. The stock has a market cap of $1.09 trillion, a P/E ratio of 166.34, a P/E/G ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The business had revenue of $19.34 billion during the quarter, compared to analysts’ expectations of $22.93 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Cowen raised Tesla from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Royal Bank of Canada lowered their price objective on Tesla from $314.00 to $307.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft lowered their price objective on Tesla from $420.00 to $345.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Tesla in a research report on Tuesday, April 22nd. Finally, Mizuho upped their price objective on Tesla from $325.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $293.97.

Insider Activity

In other news, CFO Vaibhav Taneja sold 6,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $296.02, for a total value of $1,776,120.00. Following the transaction, the chief financial officer now directly owns 23,084 shares in the company, valued at $6,833,325.68. The trade was a 20.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at $25,466,850. The trade was a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 415,623 shares of company stock worth $116,650,831 over the last ninety days. Corporate insiders own 20.70% of the company’s stock.

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.