Tesla, Inc. (NASDAQ:TSLA) Position Increased by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,791 shares of the electric vehicle producer’s stock after acquiring an additional 1,222 shares during the period. Tesla makes up 1.9% of Pinion Investment Advisors LLC’s investment portfolio, making the stock its 8th largest position. Pinion Investment Advisors LLC’s holdings in Tesla were worth $4,762,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in shares of Tesla during the 3rd quarter valued at about $29,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Tesla during the 4th quarter valued at about $46,000. PayPay Securities Corp raised its holdings in shares of Tesla by 130.2% during the 4th 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 in the last quarter. Peterson Financial Group Inc. purchased a new position in shares of Tesla during the 3rd quarter valued at about $35,000. Finally, Finley Financial LLC purchased a new position in shares of Tesla during the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 303,996 shares of company stock valued at $118,467,387 over the last 90 days. Company insiders own 20.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TSLA. The Goldman Sachs Group reissued a “cautious” rating on shares of Tesla in a report on Monday. Glj Research restated a “sell” rating and set a $24.86 price target on shares of Tesla in a research report on Wednesday, February 12th. Cantor Fitzgerald restated a “neutral” rating and set a $365.00 price target on shares of Tesla in a research report on Wednesday, January 29th. Morgan Stanley restated a “top pick” rating and set a $430.00 price target on shares of Tesla in a research report on Monday. Finally, Guggenheim restated a “sell” rating on shares of Tesla in a research report on Tuesday, February 25th. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $315.33.

Tesla Stock Performance

NASDAQ:TSLA opened at $272.11 on Wednesday. The stock has a 50-day simple moving average of $378.63 and a two-hundred day simple moving average of $318.40. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. 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 $875.24 billion, a PE ratio of 133.39, a P/E/G ratio of 5.86 and a beta of 2.34.

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 analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

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.