Avior Wealth Management LLC Has $8.04 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Avior Wealth Management LLC lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,919 shares of the electric vehicle producer's stock after selling 4,059 shares during the period. Avior Wealth Management LLC's holdings in Tesla were worth $8,044,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC acquired a new stake in shares of Tesla during the 3rd quarter valued at approximately $29,000. Clean Yield Group increased its stake in Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Tesla during the third quarter worth $35,000. M&R Capital Management Inc. lifted its position in shares of Tesla by 263.2% in the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 100 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Tesla during the 2nd quarter valued at about $48,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TSLA. Roth Mkm raised shares of Tesla from a "neutral" rating to a "buy" rating and raised their target price for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Jefferies Financial Group raised their price target on Tesla from $195.00 to $300.00 and gave the stock a "hold" rating in a report on Thursday, November 14th. Bank of America downgraded Tesla from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $400.00 to $490.00 in a research note on Tuesday, January 7th. Wells Fargo & Company boosted their price target on shares of Tesla from $120.00 to $125.00 and gave the company an "underweight" rating in a report on Thursday, October 24th. Finally, HSBC reaffirmed a "reduce" rating and issued a $124.00 price objective on shares of Tesla in a report on Friday, October 11th. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $313.84.

Tesla Price Performance

Shares of TSLA traded down $5.80 during trading hours on Friday, hitting $406.58. 56,102,963 shares of the company were exchanged, compared to its average volume of 67,394,624. The firm has a fifty day simple moving average of $398.82 and a 200-day simple moving average of $294.26. The company has a market capitalization of $1.31 trillion, a PE ratio of 111.39, a PEG ratio of 8.42 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion for the quarter, compared to analysts' expectations of $25.47 billion. During the same quarter last year, the business posted $0.53 EPS. Tesla's revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts predict that Tesla, Inc. will post 2.01 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,442,856.32. This trade represents a 3.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now owns 1,563,220 shares in the company, valued at $391,164,540.60. This represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 617,886 shares of company stock worth $212,451,751 over the last ninety days. 20.70% of the stock is currently owned by company insiders.

Tesla Company 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.