J.W. Cole Advisors Inc. Acquires 6,615 Shares of Tesla, Inc. (NASDAQ:TSLA)

J.W. Cole Advisors Inc. lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 16.6% during the 4th quarter, Holdings Channel reports. The firm owned 46,414 shares of the electric vehicle producer’s stock after acquiring an additional 6,615 shares during the period. Tesla comprises about 0.7% of J.W. Cole Advisors Inc.’s holdings, making the stock its 23rd biggest holding. J.W. Cole Advisors Inc.’s holdings in Tesla were worth $11,533,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wyrmwood Management LLC bought a new stake in shares of Tesla during the 4th quarter valued at about $25,000. Lam Group Inc. bought a new position in shares of Tesla during the 4th quarter valued at approximately $25,000. Alpha Paradigm Partners LLC bought a new position in shares of Tesla during the 3rd quarter valued at approximately $27,000. MayTech Global Investments LLC bought a new position in shares of Tesla during the 4th quarter valued at approximately $30,000. Finally, Mendota Financial Group LLC grew its position in Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

Shares of TSLA traded down $2.88 on Friday, reaching $147.05. The stock had a trading volume of 86,914,652 shares, compared to its average volume of 101,650,617. The firm has a market capitalization of $468.32 billion, a PE ratio of 34.12, a PEG ratio of 4.11 and a beta of 2.39. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $178.51 and a 200 day moving average of $211.48. Tesla, Inc. has a twelve month low of $146.22 and a twelve month high of $299.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. Sell-side analysts expect that Tesla, Inc. will post 1.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Piper Sandler decreased their price objective on Tesla from $225.00 to $205.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $298.00 price objective on shares of Tesla in a report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft lowered Tesla from a “buy” rating to a “hold” rating and dropped their target price for the stock from $189.00 to $123.00 in a report on Thursday. Citigroup dropped their price objective on Tesla from $196.00 to $180.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Finally, Canaccord Genuity Group decreased their target price on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Ten research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $194.70.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 in the last quarter. Company insiders own 25.10% of the company’s stock.

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.