Fi3 FINANCIAL ADVISORS LLC Has $998,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Fi3 FINANCIAL ADVISORS LLC reduced its stake in Tesla, Inc. (NASDAQ:TSLA) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 4,018 shares of the electric vehicle producer’s stock after selling 112 shares during the quarter. Tesla accounts for about 0.5% of Fi3 FINANCIAL ADVISORS LLC’s investment portfolio, making the stock its 24th largest holding. Fi3 FINANCIAL ADVISORS LLC’s holdings in Tesla were worth $998,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bailard Inc. grew its position in shares of Tesla by 27.1% during the 3rd quarter. Bailard Inc. now owns 6,878 shares of the electric vehicle producer’s stock worth $1,721,000 after buying an additional 1,465 shares during the period. Brown Advisory Inc. grew its position in shares of Tesla by 6.6% during the 3rd quarter. Brown Advisory Inc. now owns 25,999 shares of the electric vehicle producer’s stock worth $6,505,000 after buying an additional 1,604 shares during the period. BLB&B Advisors LLC grew its position in shares of Tesla by 4.0% during the 3rd quarter. BLB&B Advisors LLC now owns 3,051 shares of the electric vehicle producer’s stock worth $763,000 after buying an additional 117 shares during the period. SFE Investment Counsel acquired a new stake in Tesla in the 3rd quarter valued at $222,000. Finally, Strategic Investment Advisors MI grew its position in Tesla by 13.0% in the 3rd quarter. Strategic Investment Advisors MI now owns 1,769 shares of the electric vehicle producer’s stock valued at $443,000 after purchasing an additional 204 shares during the period. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Canaccord Genuity Group reduced their price target on shares of Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. HSBC cut their price objective on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a report on Wednesday, April 24th. Wells Fargo & Company cut their price objective on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a report on Friday, April 12th. Barclays cut their price objective on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Finally, Sanford C. Bernstein lowered their target price on Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 26th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and an average price target of $185.90.

Insider Transactions at Tesla

In other 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 transaction of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the business’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 completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is owned by corporate insiders.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $1.18 during midday trading on Friday, hitting $181.19. 75,491,539 shares of the company’s stock were exchanged, compared to its average volume of 112,969,304. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. 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 $577.85 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 4.71 and a beta of 2.41. The business’s fifty day moving average price is $173.85 and its two-hundred day moving average price is $205.42.

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.