Foundations Investment Advisors LLC Purchases 1,407 Shares of Tesla, Inc. (NASDAQ:TSLA)

Foundations Investment Advisors LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,101 shares of the electric vehicle producer’s stock after acquiring an additional 1,407 shares during the period. Foundations Investment Advisors LLC’s holdings in Tesla were worth $14,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. tru Independence LLC bought a new stake in shares of Tesla during the 4th quarter valued at about $233,000. Cornell Pochily Investment Advisors Inc. lifted its position in Tesla by 10.0% during the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 3,639 shares of the electric vehicle producer’s stock valued at $1,469,000 after purchasing an additional 330 shares during the last quarter. Summit Financial Strategies Inc. grew its stake in Tesla by 14.0% in the 4th quarter. Summit Financial Strategies Inc. now owns 10,772 shares of the electric vehicle producer’s stock worth $4,350,000 after buying an additional 1,321 shares in the last quarter. Heartland Bank & Trust Co increased its holdings in shares of Tesla by 0.8% in the 4th quarter. Heartland Bank & Trust Co now owns 6,286 shares of the electric vehicle producer’s stock worth $2,539,000 after buying an additional 49 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC raised its position in shares of Tesla by 170.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 12,924 shares of the electric vehicle producer’s stock valued at $5,219,000 after buying an additional 8,154 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the completion of the sale, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 553,386 shares of company stock valued at $196,305,796. Insiders own 20.70% of the company’s stock.

Tesla Trading Up 2.9 %

Shares of NASDAQ TSLA opened at $400.28 on Friday. The stock has a market cap of $1.28 trillion, a P/E ratio of 109.67, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The firm has a 50-day moving average of $401.98 and a 200 day moving average of $297.28.

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 analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.24% and a net margin of 13.07%. As a group, sell-side analysts expect that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the subject of several research reports. Robert W. Baird cut their target price on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday. Wedbush increased their price objective on Tesla from $515.00 to $550.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Phillip Securities downgraded shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Finally, Barclays lifted their target price on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus target price of $318.31.

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.