Droms Strauss Advisors Inc. MO ADV Trims Position in Tesla, Inc. (NASDAQ:TSLA)

Droms Strauss Advisors Inc. MO ADV decreased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,455 shares of the electric vehicle producer's stock after selling 2,379 shares during the quarter. Tesla makes up approximately 2.0% of Droms Strauss Advisors Inc. MO ADV's portfolio, making the stock its 9th largest holding. Droms Strauss Advisors Inc. MO ADV's holdings in Tesla were worth $6,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. World Investment Advisors LLC increased its position in Tesla by 1,248.9% during the third quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock worth $52,124,000 after acquiring an additional 184,459 shares during the period. Destination Wealth Management boosted its stake in Tesla by 12.1% during the third quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock worth $3,296,000 after buying an additional 1,359 shares in the last quarter. Stephens Consulting LLC boosted its stake in Tesla by 126.7% during the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after buying an additional 891 shares in the last quarter. Vinva Investment Management Ltd boosted its stake in Tesla by 59.2% during the third quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer's stock worth $30,593,000 after buying an additional 43,685 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in Tesla by 3.3% during the third quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock worth $80,944,000 after buying an additional 9,919 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Analyst Ratings Changes

TSLA has been the topic of several recent analyst reports. Guggenheim restated a "sell" rating and issued a $175.00 target price on shares of Tesla in a research note on Wednesday, January 29th. Canaccord Genuity Group lifted their price target on Tesla from $298.00 to $400.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Morgan Stanley lifted their price target on Tesla from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Monday, January 13th. UBS Group lifted their price target on Tesla from $226.00 to $259.00 and gave the company a "sell" rating in a report on Thursday, January 30th. Finally, Roth Mkm raised Tesla from a "neutral" rating to a "buy" rating and upped their price target for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Tesla presently has a consensus rating of "Hold" and a consensus price target of $326.50.

Tesla Stock Performance

TSLA stock traded down $16.60 during trading hours on Friday, hitting $337.80. 73,720,762 shares of the stock were exchanged, compared to its average volume of 75,434,742. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.09 trillion, a P/E ratio of 165.59, a P/E/G ratio of 5.97 and a beta of 2.34. The company has a 50-day simple moving average of $402.14 and a two-hundred day simple moving average of $311.43. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS 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%. On average, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 75,000 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the sale, the director now directly owns 1,463,220 shares in the company, valued at $538,274,741.40. This trade represents a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 523,386 shares of company stock worth $195,995,200. Company insiders own 20.70% of the company's stock.

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.