Great Valley Advisor Group Inc. Purchases 6,563 Shares of Tesla, Inc. (NASDAQ:TSLA)

Great Valley Advisor Group Inc. lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 17.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,986 shares of the electric vehicle producer’s stock after acquiring an additional 6,563 shares during the period. Great Valley Advisor Group Inc.’s holdings in Tesla were worth $10,929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mount Vernon Associates Inc. MD grew its stake in shares of Tesla by 5.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after buying an additional 350 shares during the last quarter. Oak Ridge Investments LLC boosted its stake in Tesla by 4.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after purchasing an additional 1,405 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Tesla by 3.7% during the 3rd quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock valued at $182,352,000 after purchasing an additional 25,943 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in Tesla by 16.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock valued at $11,533,000 after purchasing an additional 6,615 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Tesla by 11.8% during the 4th quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock valued at $193,935,000 after purchasing an additional 81,729 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction that occurred 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 $11,188,215.81. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 over the last ninety days. 20.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on TSLA shares. Redburn Atlantic started coverage on Tesla in a research note on Wednesday, January 24th. They set a “sell” rating and a $170.00 target price on the stock. KGI Securities restated a “neutral” rating and issued a $213.00 price target (down from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Roth Mkm restated a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research note on Wednesday, April 24th. Piper Sandler restated an “overweight” rating and issued a $205.00 price target on shares of Tesla in a research note on Monday, April 22nd. Finally, Bank of America upgraded Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Wednesday, April 24th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $184.32.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $3.29 during mid-day trading on Wednesday, reaching $179.99. The stock had a trading volume of 92,577,555 shares, compared to its average volume of 105,217,711. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The company has a market cap of $574.02 billion, a P/E ratio of 45.96, a price-to-earnings-growth ratio of 5.28 and a beta of 2.39. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The business’s 50 day moving average price is $174.71 and its 200 day moving average price is $206.29.

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.