Tesla, Inc. (NASDAQ:TSLA) Holdings Lessened by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 56.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,463 shares of the electric vehicle producer's stock after selling 64,273 shares during the quarter. Tesla makes up about 3.0% of Coppell Advisory Solutions LLC's holdings, making the stock its 6th largest position. Coppell Advisory Solutions LLC's holdings in Tesla were worth $21,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Horrell Capital Management Inc. raised its holdings in shares of Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after buying an additional 34 shares during the last quarter. GS Investments Inc. raised its stake in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in Tesla during the 4th quarter worth approximately $38,000. Delos Wealth Advisors LLC grew its stake in shares of Tesla by 300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. Finally, Cyrus J. Lawrence LLC acquired a new position in shares of Tesla in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TSLA. New Street Research upgraded shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective on the stock in a research report on Monday, January 6th. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Wedbush reaffirmed an "outperform" rating and issued a $350.00 price objective (up previously from $315.00) on shares of Tesla in a report on Tuesday. Cfra Research cut Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday. Finally, Wells Fargo & Company dropped their price objective on Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a report on Friday, March 14th. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $287.46.

Insiders Place Their Bets

In related news, Director James R. Murdoch sold 54,776 shares of the firm'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 value of $13,189,513.04. Following the transaction, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $6,737,500. This represents a 12.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 374,228 shares of company stock worth $123,791,123 over the last three months. 20.70% of the stock is owned by insiders.

Tesla Trading Up 9.8 %

Shares of TSLA stock traded up $25.44 during trading hours on Friday, hitting $284.95. 166,882,151 shares of the company were exchanged, compared to its average volume of 96,017,428. Tesla, Inc. has a 1 year low of $166.37 and a 1 year high of $488.54. The firm has a fifty day moving average of $265.36 and a 200 day moving average of $322.18. The firm has a market cap of $916.55 billion, a PE ratio of 139.68, a PEG ratio of 5.86 and a beta of 2.58. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter last year, the business earned $0.45 EPS. Analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.