America First Investment Advisors LLC Decreases Stake in Tesla, Inc. (NASDAQ:TSLA)

America First Investment Advisors LLC cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 45.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 824 shares of the electric vehicle producer’s stock after selling 699 shares during the period. America First Investment Advisors LLC’s holdings in Tesla were worth $216,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its holdings in shares of Tesla by 1.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 144,482 shares of the electric vehicle producer’s stock valued at $37,801,000 after acquiring an additional 1,741 shares during the last quarter. Tyler Stone Wealth Management increased its stake in Tesla by 109.6% in the third quarter. Tyler Stone Wealth Management now owns 9,425 shares of the electric vehicle producer’s stock valued at $2,466,000 after purchasing an additional 4,929 shares during the last quarter. Savvy Advisors Inc. raised its holdings in Tesla by 24.2% during the third quarter. Savvy Advisors Inc. now owns 7,527 shares of the electric vehicle producer’s stock worth $1,969,000 after purchasing an additional 1,467 shares in the last quarter. ICICI Prudential Asset Management Co Ltd lifted its position in shares of Tesla by 19.0% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 24,440 shares of the electric vehicle producer’s stock worth $6,394,000 after buying an additional 3,909 shares during the last quarter. Finally, West Family Investments Inc. boosted its holdings in shares of Tesla by 20.8% in the 3rd quarter. West Family Investments Inc. now owns 9,026 shares of the electric vehicle producer’s stock valued at $2,361,000 after buying an additional 1,556 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 301,187 shares of company stock valued at $92,956,692 over the last three months. 20.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on TSLA. Guggenheim lifted their price target on shares of Tesla from $153.00 to $156.00 and gave the stock a “sell” rating in a research note on Thursday, October 24th. Stifel Nicolaus boosted their target price on Tesla from $265.00 to $287.00 and gave the company a “buy” rating in a report on Friday, October 25th. Sanford C. Bernstein restated an “underperform” rating and set a $120.00 price target on shares of Tesla in a research note on Thursday, October 3rd. Royal Bank of Canada boosted their price objective on Tesla from $249.00 to $313.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Finally, Glj Research restated a “sell” rating and set a $24.86 target price on shares of Tesla in a research report on Thursday, October 17th. Nine analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $230.18.

Tesla Stock Down 1.1 %

Shares of NASDAQ TSLA opened at $342.03 on Thursday. The stock has a market capitalization of $1.10 trillion, a PE ratio of 93.71, a P/E/G ratio of 11.24 and a beta of 2.29. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average of $259.42 and a 200-day moving average of $224.12. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $358.64.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter last year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current year.

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.