CGN Advisors LLC Has $356,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

CGN Advisors LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 40.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 881 shares of the electric vehicle producer’s stock after selling 610 shares during the period. CGN Advisors LLC’s holdings in Tesla were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of TSLA. Premier Path Wealth Partners LLC grew its holdings in Tesla by 7.8% during the fourth quarter. Premier Path Wealth Partners LLC now owns 17,576 shares of the electric vehicle producer’s stock valued at $7,098,000 after purchasing an additional 1,279 shares during the period. Stonekeep Investments LLC grew its holdings in shares of Tesla by 4.7% in the 4th quarter. Stonekeep Investments LLC now owns 13,249 shares of the electric vehicle producer’s stock valued at $5,350,000 after buying an additional 599 shares during the period. Howard Financial Services LTD. increased its position in shares of Tesla by 7.5% in the 4th quarter. Howard Financial Services LTD. now owns 5,587 shares of the electric vehicle producer’s stock valued at $2,256,000 after buying an additional 388 shares in the last quarter. Verity & Verity LLC bought a new position in shares of Tesla during the 4th quarter valued at about $295,000. Finally, Integrated Investment Consultants LLC grew its position in shares of Tesla by 10.3% in the 4th quarter. Integrated Investment Consultants LLC now owns 1,181 shares of the electric vehicle producer’s stock valued at $477,000 after purchasing an additional 110 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

TSLA stock opened at $426.50 on Monday. The firm has a market cap of $1.37 trillion, a PE ratio of 116.85, a price-to-earnings-growth ratio of 6.53 and a beta of 2.30. 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 stock has a 50-day moving average price of $389.94 and a 200-day moving average price of $288.49. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter last year, the firm posted $0.53 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $26,442,856.32. This represents a 3.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the sale, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 621,886 shares of company stock worth $213,451,751. Company insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TSLA shares. KGI Securities raised shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price target on the stock in a research note on Thursday, October 24th. New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price for the company in a report on Monday, January 6th. Evercore ISI increased their target price on shares of Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a report on Friday, January 3rd. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Thursday, October 24th. Nine research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $299.33.

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.