CFS Investment Advisory Services LLC Has $2.14 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

CFS Investment Advisory Services LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,292 shares of the electric vehicle producer’s stock after selling 320 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Tesla were worth $2,137,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Kathmere Capital Management LLC raised its stake in shares of Tesla by 5.9% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,247 shares of the electric vehicle producer’s stock worth $247,000 after purchasing an additional 70 shares in the last quarter. Ascent Group LLC increased its holdings in Tesla by 29.8% in the second quarter. Ascent Group LLC now owns 12,854 shares of the electric vehicle producer’s stock worth $2,544,000 after buying an additional 2,953 shares during the last quarter. Magnolia Capital Advisors LLC raised its position in Tesla by 162.4% during the second quarter. Magnolia Capital Advisors LLC now owns 11,799 shares of the electric vehicle producer’s stock valued at $2,335,000 after acquiring an additional 7,303 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Tesla by 1.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 249,279 shares of the electric vehicle producer’s stock valued at $49,327,000 after acquiring an additional 2,349 shares during the last quarter. Finally, Invst LLC grew its position in Tesla by 23.6% in the second quarter. Invst LLC now owns 6,188 shares of the electric vehicle producer’s stock worth $1,299,000 after acquiring an additional 1,180 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s 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 transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the sale, the chief financial officer now owns 108,965 shares in the company, valued at $45,063,565.40. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 617,886 shares of company stock worth $212,451,751 over the last ninety days. Corporate insiders own 20.70% of the company’s stock.

Tesla Stock Down 2.3 %

TSLA opened at $397.15 on Tuesday. The firm has a market cap of $1.27 trillion, a price-to-earnings ratio of 108.81, a PEG ratio of 8.42 and a beta of 2.30. 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 firm’s 50-day simple moving average is $398.82 and its 200-day simple moving average is $294.47. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of recent research reports. Canaccord Genuity Group lifted their price objective on shares of Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Jefferies Financial Group increased their price objective on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Wells Fargo & Company boosted their target price on Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Finally, Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $313.84.

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.