Evolution Wealth Advisors LLC Raises Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Evolution Wealth Advisors LLC increased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 48.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,061 shares of the electric vehicle producer's stock after purchasing an additional 2,293 shares during the quarter. Evolution Wealth Advisors LLC's holdings in Tesla were worth $2,856,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TSLA. Geode Capital Management LLC raised its holdings in shares of Tesla by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 59,356,401 shares of the electric vehicle producer's stock worth $15,469,792,000 after buying an additional 1,022,589 shares in the last quarter. FMR LLC raised its stake in Tesla by 3.5% during the third quarter. FMR LLC now owns 24,741,075 shares of the electric vehicle producer's stock worth $6,473,008,000 after acquiring an additional 828,308 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Tesla by 13.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock valued at $6,377,970,000 after acquiring an additional 2,946,763 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Tesla by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,545,824 shares of the electric vehicle producer's stock valued at $4,328,884,000 after purchasing an additional 301,968 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Tesla by 11.9% in the 3rd quarter. Jennison Associates LLC now owns 12,201,212 shares of the electric vehicle producer's stock worth $3,192,203,000 after purchasing an additional 1,294,093 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company's stock, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the sale, the director now directly owns 1,563,220 shares in the company, valued at $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 617,886 shares of company stock valued at $212,451,751. Company insiders own 20.70% of the company's stock.

Tesla Stock Down 1.4 %

Shares of NASDAQ:TSLA traded down $5.80 during trading on Friday, hitting $406.58. 56,102,963 shares of the company's stock traded hands, compared to its average volume of 67,394,624. The company has a 50-day moving average price of $398.82 and a 200-day moving average price of $294.03. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.31 trillion, a price-to-earnings ratio of 111.39, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, research analysts forecast that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TSLA shares. Mizuho raised shares of Tesla from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $230.00 to $515.00 in a report on Tuesday, December 17th. Barclays lifted their target price on shares of Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 15th. StockNews.com raised Tesla from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on Tesla from $411.00 to $492.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Evercore ISI raised their target price on Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research note on Friday, January 3rd. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $313.84.

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.