America First Investment Advisors LLC Boosts Holdings in Tesla, Inc. (NASDAQ:TSLA)

America First Investment Advisors LLC increased its position in Tesla, Inc. (NASDAQ:TSLA) by 7.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 886 shares of the electric vehicle producer’s stock after buying an additional 62 shares during the quarter. America First Investment Advisors LLC’s holdings in Tesla were worth $358,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Motley Fool Wealth Management LLC grew its stake in Tesla by 88.5% during the 4th quarter. Motley Fool Wealth Management LLC now owns 3,581 shares of the electric vehicle producer’s stock valued at $1,431,000 after purchasing an additional 1,681 shares in the last quarter. Financial Engines Advisors L.L.C. grew its position in shares of 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 buying an additional 2,217 shares in the last quarter. Morey & Quinn Wealth Partners LLC bought a new stake in shares of Tesla in the fourth quarter worth $1,232,000. Murphy & Mullick Capital Management Corp acquired a new stake in Tesla in the fourth quarter valued at $3,958,000. Finally, BG Investment Services Inc. bought a new position in Tesla during the 4th quarter valued at $775,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of recent analyst reports. Evercore ISI upped their target price on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research note on Friday, January 3rd. New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price for the company in a research report on Monday, January 6th. The Goldman Sachs Group restated a “cautious” rating on shares of Tesla in a research note on Monday, March 3rd. Canaccord Genuity Group reiterated a “buy” rating and set a $404.00 target price on shares of Tesla in a research note on Monday, March 17th. Finally, UBS Group dropped their target price on shares of Tesla from $259.00 to $225.00 and set a “sell” rating on the stock in a report on Monday, March 10th. Nine research analysts have rated the stock with a sell rating, eight 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 data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $318.93.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the firm’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 owns 85,000 shares of the company’s stock, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 477,228 shares of company stock worth $166,849,043 in the last quarter. 20.70% of the stock is owned by company insiders.

Tesla Stock Up 3.4 %

NASDAQ TSLA opened at $287.95 on Wednesday. The company has a market capitalization of $926.20 billion, a P/E ratio of 141.15, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. 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 company’s 50 day simple moving average is $330.52 and its 200 day simple moving average is $322.04.

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