PCA Investment Advisory Services Inc. Decreases Stock Position in Tesla, Inc. (NASDAQ:TSLA)

PCA Investment Advisory Services Inc. lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 26.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,232 shares of the electric vehicle producer’s stock after selling 440 shares during the quarter. PCA Investment Advisory Services Inc.’s holdings in Tesla were worth $497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its stake in shares of Tesla by 36.6% in the second quarter. Brown Brothers Harriman & Co. now owns 10,921 shares of the electric vehicle producer’s stock worth $2,161,000 after purchasing an additional 2,926 shares in the last quarter. One Capital Management LLC boosted its holdings in Tesla by 2.1% in the 2nd quarter. One Capital Management LLC now owns 13,135 shares of the electric vehicle producer’s stock worth $2,599,000 after buying an additional 273 shares during the period. Citizens Financial Group Inc. RI grew its stake in Tesla by 131.0% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 25,543 shares of the electric vehicle producer’s stock valued at $5,054,000 after buying an additional 14,484 shares in the last quarter. Wulff Hansen & CO. raised its holdings in Tesla by 19,688.0% during the 2nd quarter. Wulff Hansen & CO. now owns 239,435 shares of the electric vehicle producer’s stock valued at $47,379,000 after acquiring an additional 238,225 shares during the period. Finally, WealthPLAN Partners LLC lifted its position in shares of Tesla by 9.6% during the second quarter. WealthPLAN Partners LLC now owns 12,649 shares of the electric vehicle producer’s stock worth $2,503,000 after acquiring an additional 1,109 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 621,886 shares of company stock worth $213,451,751 in the last 90 days. Company insiders own 20.70% of the company’s stock.

Tesla Stock Down 1.7 %

Shares of Tesla stock opened at $396.36 on Wednesday. The company’s 50 day moving average price is $382.71 and its 200-day moving average price is $284.69. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The stock has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 108.59, a P/E/G ratio of 10.80 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. Equities research analysts forecast that Tesla, Inc. will post 1.99 EPS for the current year.

Wall Street Analyst Weigh In

TSLA has been the subject of several recent research reports. Mizuho upgraded Tesla from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $230.00 to $515.00 in a research report on Tuesday, December 17th. Stifel Nicolaus lifted their target price on Tesla from $411.00 to $492.00 and gave the company a “buy” rating in a report on Monday, January 6th. Bank of America downgraded shares of Tesla from a “buy” rating to a “neutral” rating and increased their price target for the stock from $400.00 to $490.00 in a report on Tuesday, January 7th. Morgan Stanley boosted their price objective on shares of Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Monday. Finally, HSBC reiterated a “reduce” rating and issued a $124.00 target price on shares of Tesla in a research note on Friday, October 11th. Nine investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $296.60.

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.