Compass Ion Advisors LLC Has $1.47 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Compass Ion Advisors LLC cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,633 shares of the electric vehicle producer’s stock after selling 84 shares during the period. Compass Ion Advisors LLC’s holdings in Tesla were worth $1,467,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $46,000. Parkworth Wealth Management Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $47,000. PayPay Securities Corp lifted its position in shares of Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after buying an additional 69 shares during the last quarter. Rialto Wealth Management LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $55,000. Finally, Finley Financial LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $64,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the transaction, the director now directly owns 477,011 shares of the company’s stock, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,672 shares of Tesla stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.56. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at $7,242,273.50. The trade was a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Down 5.3 %

NASDAQ TSLA opened at $225.31 on Wednesday. The company has a market cap of $724.71 billion, a price-to-earnings ratio of 110.45, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The business’s fifty day moving average is $344.47 and its 200 day moving average is $320.61. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TSLA. Mizuho lowered their target price on Tesla from $515.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday. Piper Sandler increased their target price on Tesla from $315.00 to $500.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Guggenheim lowered their target price on Tesla from $175.00 to $170.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Barclays increased their target price on Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Finally, Glj Research reiterated a “buy” rating on shares of Tesla in a research note on Tuesday, March 11th. Nine analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $319.25.

About Tesla

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.