Tennessee Valley Asset Management Partners Sells 207 Shares of Tesla, Inc. (NASDAQ:TSLA)

Tennessee Valley Asset Management Partners decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,739 shares of the electric vehicle producer’s stock after selling 207 shares during the period. Tennessee Valley Asset Management Partners’ holdings in Tesla were worth $1,106,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Hengehold Capital Management LLC grew its stake in shares of Tesla by 1.8% during the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer’s stock worth $544,000 after acquiring an additional 24 shares in the last quarter. Acropolis Investment Management LLC grew its position in Tesla by 0.9% in the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer’s stock valued at $1,136,000 after purchasing an additional 25 shares in the last quarter. Mount Vernon Associates Inc. MD increased its stake in Tesla by 0.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer’s stock valued at $2,950,000 after buying an additional 25 shares during the last quarter. Avaii Wealth Management LLC lifted its position in Tesla by 0.9% during the 4th quarter. Avaii Wealth Management LLC now owns 3,636 shares of the electric vehicle producer’s stock worth $1,468,000 after buying an additional 31 shares in the last quarter. Finally, Cora Capital Advisors LLC boosted its stake in shares of Tesla by 3.6% during the 4th quarter. Cora Capital Advisors LLC now owns 881 shares of the electric vehicle producer’s stock worth $356,000 after buying an additional 31 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TSLA. JPMorgan Chase & Co. upped their target price on Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Glj Research restated a “sell” rating and set a $24.86 target price on shares of Tesla in a report on Friday, January 3rd. Canaccord Genuity Group increased their price target on shares of Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Canaccord Genuity Group lifted their price target on Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and an average target price of $313.84.

Insider Activity at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at approximately $1,868,508. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 617,886 shares of company stock valued at $212,451,751. 20.70% of the stock is owned by insiders.

Tesla Trading Down 2.3 %

Shares of TSLA stock opened at $389.10 on Thursday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The stock’s fifty day moving average price is $401.04 and its two-hundred day moving average price is $296.63. 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 company has a market cap of $1.25 trillion, a PE ratio of 106.60, a P/E/G ratio of 8.42 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 13.07% and a return on equity of 10.24%. Equities analysts predict that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

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.