Moser Wealth Advisors LLC Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Moser Wealth Advisors LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,212 shares of the electric vehicle producer’s stock, valued at approximately $301,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TSLA. Holderness Investments Co. grew its position in Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock worth $650,000 after acquiring an additional 42 shares in the last quarter. SCS Capital Management LLC increased its position in Tesla by 0.3% during the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock worth $4,224,000 after buying an additional 45 shares during the last quarter. Daymark Wealth Partners LLC raised its holdings in Tesla by 0.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after buying an additional 45 shares in the last quarter. ML & R Wealth Management LLC lifted its position in shares of Tesla by 2.6% in the third quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock worth $455,000 after buying an additional 46 shares during the last quarter. Finally, LCM Capital Management Inc boosted its stake in shares of Tesla by 3.5% during the 3rd quarter. LCM Capital Management Inc now owns 1,374 shares of the electric vehicle producer’s stock worth $344,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders sold 302,803 shares of company stock valued at $56,124,840 in the last three months. Corporate insiders own 20.90% of the company’s stock.

Tesla Stock Down 0.5 %

NASDAQ TSLA traded down $0.79 on Thursday, hitting $173.93. 15,521,097 shares of the company were exchanged, compared to its average volume of 102,795,641. The company has a market cap of $554.70 billion, a PE ratio of 44.44, a PEG ratio of 4.74 and a beta of 2.41. The stock has a fifty day moving average of $173.12 and a 200-day moving average of $204.32. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TSLA. KGI Securities reaffirmed a “neutral” rating and set a $213.00 target price (down previously from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Wednesday, April 24th. Daiwa Capital Markets downgraded shares of Tesla from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $245.00 to $195.00 in a report on Tuesday, February 6th. Citigroup upped their price objective on shares of Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Canaccord Genuity Group lowered their price target on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $185.90.

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.