FSA Advisors Inc. Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

FSA Advisors Inc. purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 735 shares of the electric vehicle producer's stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Czech National Bank grew its position in shares of Tesla by 6.9% during the third quarter. Czech National Bank now owns 565,270 shares of the electric vehicle producer's stock valued at $147,892,000 after purchasing an additional 36,544 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Tesla by 79.6% in the 3rd quarter. GAMMA Investing LLC now owns 26,367 shares of the electric vehicle producer's stock valued at $6,898,000 after acquiring an additional 11,685 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in shares of Tesla by 3.6% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 59,258 shares of the electric vehicle producer's stock worth $15,504,000 after purchasing an additional 2,070 shares during the period. Cora Capital Advisors LLC bought a new position in shares of Tesla during the 3rd quarter valued at approximately $222,000. Finally, Diversified Trust Co raised its stake in shares of Tesla by 83.5% in the third quarter. Diversified Trust Co now owns 35,428 shares of the electric vehicle producer's stock valued at $9,269,000 after acquiring an additional 16,116 shares during the period. Institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their target price on shares of Tesla from $125.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, January 30th. StockNews.com lowered Tesla from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $440.00 price objective on shares of Tesla in a research report on Thursday, January 30th. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group upped their target price on Tesla from $250.00 to $345.00 and gave the company a "neutral" rating in a research report on Wednesday, December 11th. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tesla presently has an average rating of "Hold" and an average target price of $322.29.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the transaction, the director now owns 85,000 shares in the company, valued at $26,727,400. This trade represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $41,745,581.15. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 664,776 shares of company stock valued at $239,746,862 over the last ninety days. Insiders own 20.70% of the company's stock.

Tesla Stock Down 3.4 %

Shares of NASDAQ TSLA traded down $12.70 during trading on Friday, reaching $361.62. 69,251,467 shares of the stock were exchanged, compared to its average volume of 74,643,227. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The business's 50-day moving average price is $407.94 and its 200 day moving average price is $302.76. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 177.27, a price-to-earnings-growth ratio of 6.79 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last issued 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 return on equity of 10.31% and a net margin of 7.26%. As a group, equities analysts forecast that Tesla, Inc. will post 2.82 EPS for the current fiscal year.

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.