Curtis Advisory Group LLC Sells 221 Shares of Tesla, Inc. (NASDAQ:TSLA)

Curtis Advisory Group LLC decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 15.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,185 shares of the electric vehicle producer’s stock after selling 221 shares during the period. Curtis Advisory Group LLC’s holdings in Tesla were worth $479,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Swedbank AB increased its holdings in Tesla by 2.8% during the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock valued at $287,457,000 after purchasing an additional 29,669 shares during the period. Orrstown Financial Services Inc. increased its stake in shares of Tesla by 67.0% during the third quarter. Orrstown Financial Services Inc. now owns 3,490 shares of the electric vehicle producer’s stock valued at $913,000 after buying an additional 1,400 shares during the period. Pallas Capital Advisors LLC raised its holdings in shares of Tesla by 37.7% during the third quarter. Pallas Capital Advisors LLC now owns 3,457 shares of the electric vehicle producer’s stock valued at $900,000 after acquiring an additional 947 shares in the last quarter. Worth Financial Advisory Group LLC purchased a new stake in Tesla in the third quarter worth $267,000. Finally, Smith Group Asset Management LLC boosted its holdings in Tesla by 103.3% in the third quarter. Smith Group Asset Management LLC now owns 3,306 shares of the electric vehicle producer’s stock valued at $865,000 after acquiring an additional 1,680 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Monday, February 10th. The Goldman Sachs Group restated a “cautious” rating on shares of Tesla in a report on Monday, February 10th. StockNews.com downgraded Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Wedbush set a $328.50 target price on Tesla in a research note on Wednesday, February 12th. Finally, New Street Research raised Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target on the stock in a research note on Monday, January 6th. Ten analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $319.57.

Insider Activity

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at approximately $1,903,716. This represents a 94.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at $30,095,100. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 523,386 shares of company stock valued at $195,995,200 in the last ninety days. Corporate insiders own 20.70% of the company’s stock.

Tesla Trading Down 8.4 %

Shares of TSLA stock opened at $302.80 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.61 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 stock has a market capitalization of $973.96 billion, a P/E ratio of 148.43, a P/E/G ratio of 5.86 and a beta of 2.34. The firm’s 50 day moving average is $393.98 and its 200 day moving average is $315.69.

Tesla (NASDAQ:TSLA) last announced its 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 net margin of 7.26% and a return on equity of 10.31%. Research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla 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.