Encompass Wealth Advisors LLC Has $582,000 Stake in Tesla, Inc. (NASDAQ:TSLA)

Encompass Wealth Advisors LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,442 shares of the electric vehicle producer’s stock after selling 120 shares during the period. Encompass Wealth Advisors LLC’s holdings in Tesla were worth $582,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. 1900 Wealth Management LLC bought a new position in shares of Tesla during the 4th quarter worth approximately $206,000. Financial Synergies Wealth Advisors Inc. bought a new position in shares of Tesla during the 4th quarter worth approximately $251,000. Consolidated Portfolio Review Corp lifted its position in shares of Tesla by 88.3% during the 4th quarter. Consolidated Portfolio Review Corp now owns 11,679 shares of the electric vehicle producer’s stock worth $4,716,000 after buying an additional 5,477 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Tesla during the 4th quarter worth approximately $226,000. Finally, Telos Capital Management Inc. lifted its position in shares of Tesla by 9.0% during the 4th quarter. Telos Capital Management Inc. now owns 5,065 shares of the electric vehicle producer’s stock worth $2,045,000 after buying an additional 417 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

TSLA has been the topic of several recent analyst reports. Evercore ISI lifted their target price on shares of Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research report on Friday, January 3rd. Truist Financial lifted their price target on shares of Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. StockNews.com cut shares of Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. The Goldman Sachs Group lifted their price target on shares of Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $440.00 price target on shares of Tesla in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $321.71.

Tesla Stock Down 3.0 %

Shares of NASDAQ: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. The firm has a market capitalization of $1.13 trillion, a PE ratio of 171.93, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. The firm has a fifty day moving average of $408.27 and a 200 day moving average of $304.55. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results 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 return on equity of 10.31% and a net margin of 7.26%. As a group, research analysts anticipate that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $30,095,100. This represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the transaction, 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 sold 635,776 shares of company stock valued at $231,335,112 over the last three months. Insiders own 20.70% of the company’s stock.

Tesla 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.