Greenspring Advisors LLC Buys New Stake in Tesla, Inc. (NASDAQ:TSLA)

Greenspring Advisors LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 630 shares of the electric vehicle producer’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSLA. Silver Oak Securities Incorporated lifted its stake in shares of Tesla by 4.2% in the fourth quarter. Silver Oak Securities Incorporated now owns 6,739 shares of the electric vehicle producer’s stock valued at $2,813,000 after purchasing an additional 271 shares during the period. Geneva Partners LLC acquired a new position in Tesla during the fourth quarter worth about $5,250,000. Elm3 Financial Group LLC acquired a new position in shares of Tesla in the fourth quarter valued at approximately $260,000. Beacon Financial Advisory LLC raised its position in shares of Tesla by 0.8% in the fourth quarter. Beacon Financial Advisory LLC now owns 7,359 shares of the electric vehicle producer’s stock valued at $2,972,000 after buying an additional 59 shares during the last quarter. Finally, Caitlin John LLC raised its position in shares of Tesla by 1.9% in the fourth quarter. Caitlin John LLC now owns 1,525 shares of the electric vehicle producer’s stock valued at $616,000 after buying an additional 28 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $26,727,400. This represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 635,776 shares of company stock worth $231,335,112 in the last 90 days. Corporate insiders own 20.70% of the company’s stock.

Tesla Trading Down 3.0 %

Shares of TSLA opened at $350.73 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The firm has a market cap of $1.13 trillion, a price-to-earnings ratio of 171.93, a PEG ratio of 6.22 and a beta of 2.34. The business’s fifty day moving average is $408.27 and its 200-day moving average is $304.55.

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%. Equities analysts anticipate that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TSLA shares. Guggenheim restated a “sell” rating and issued a $175.00 target price on shares of Tesla in a report on Wednesday, January 29th. Phillip Securities cut shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group upped their price target on shares of Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 3rd. UBS Group upped their price target on shares of Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $321.71.

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.