Financial Engines Advisors L.L.C. Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Financial Engines Advisors L.L.C. grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,979 shares of the electric vehicle producer's stock after purchasing an additional 2,217 shares during the period. Financial Engines Advisors L.L.C.'s holdings in Tesla were worth $12,107,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Morey & Quinn Wealth Partners LLC purchased a new position in Tesla in the 4th quarter worth approximately $1,232,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Tesla in the fourth quarter worth $3,958,000. BG Investment Services Inc. bought a new stake in Tesla during the 4th quarter valued at $775,000. Wambolt & Associates LLC boosted its position in Tesla by 6.6% during the 4th quarter. Wambolt & Associates LLC now owns 2,772 shares of the electric vehicle producer's stock valued at $1,119,000 after buying an additional 172 shares during the period. Finally, Momentous Wealth Management Inc. bought a new stake in Tesla in the 4th quarter worth $258,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction dated 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 completion of the sale, the director now owns 477,011 shares of the company's stock, valued at $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 477,228 shares of company stock worth $166,849,043. 20.70% of the stock is currently owned by corporate insiders.

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Tesla Price Performance

NASDAQ TSLA traded down $8.42 during trading on Friday, hitting $264.71. 91,757,263 shares of the stock traded hands, compared to its average volume of 93,042,016. 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, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The firm has a 50-day simple moving average of $324.59 and a 200-day simple moving average of $321.35. The company has a market capitalization of $851.45 billion, a P/E ratio of 129.83, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TSLA shares. Wells Fargo & Company dropped their target price on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a report on Friday, March 14th. Benchmark initiated coverage on Tesla in a report on Wednesday, February 12th. They issued a "buy" rating and a $475.00 price objective for the company. Bank of America reduced their target price on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. UBS Group dropped their price target on Tesla from $259.00 to $225.00 and set a "sell" rating for the company in a research note on Monday, March 10th. Finally, Evercore ISI raised their target price on shares of Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research report on Friday, January 3rd. Nine research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus price target of $318.34.

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.