Paces Ferry Wealth Advisors LLC Has $1.54 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Paces Ferry Wealth Advisors LLC lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,819 shares of the electric vehicle producer’s stock after selling 438 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in Tesla were worth $1,542,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TSLA. Samalin Investment Counsel LLC lifted its stake in shares of Tesla by 11.8% in the fourth quarter. Samalin Investment Counsel LLC now owns 6,969 shares of the electric vehicle producer’s stock worth $2,814,000 after acquiring an additional 737 shares during the period. Blueprint Investment Partners LLC raised its holdings in Tesla by 86.2% during the 4th quarter. Blueprint Investment Partners LLC now owns 17,248 shares of the electric vehicle producer’s stock worth $6,965,000 after purchasing an additional 7,983 shares during the last quarter. Mosley Wealth Management lifted its position in shares of Tesla by 8.0% in the 4th quarter. Mosley Wealth Management now owns 1,436 shares of the electric vehicle producer’s stock worth $559,000 after purchasing an additional 106 shares during the period. Optimum Investment Advisors increased its position in shares of Tesla by 77.4% during the fourth quarter. Optimum Investment Advisors now owns 1,153 shares of the electric vehicle producer’s stock worth $466,000 after buying an additional 503 shares during the period. Finally, Guardian Partners Inc. bought a new position in Tesla during the fourth quarter worth $557,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TSLA. Truist Financial increased their price target on Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Bank of America lowered their target price on Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Glj Research restated a “buy” rating on shares of Tesla in a report on Tuesday, March 11th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Monday, February 10th. Finally, StockNews.com lowered shares of Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Nine analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $318.93.

Insider Activity at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 477,228 shares of company stock worth $166,849,043. Insiders own 20.70% of the company’s stock.

Tesla Trading Up 5.3 %

NASDAQ TSLA opened at $248.71 on Friday. The business’s fifty day moving average is $335.19 and its 200-day moving average is $320.44. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market capitalization of $799.98 billion, a price-to-earnings ratio of 121.92, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data 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 research analysts predict 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.