Adaptive Financial Consulting LLC Acquires Shares of 675 Tesla, Inc. (NASDAQ:TSLA)

Adaptive Financial Consulting LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 675 shares of the electric vehicle producer’s stock, valued at approximately $273,000. Tesla comprises about 0.1% of Adaptive Financial Consulting LLC’s portfolio, making the stock its 20th largest position.

A number of other hedge funds also recently bought and sold shares of the business. Wealthspire Advisors LLC raised its holdings in Tesla by 35.0% in the 4th quarter. Wealthspire Advisors LLC now owns 34,258 shares of the electric vehicle producer’s stock valued at $13,835,000 after acquiring an additional 8,890 shares during the last quarter. New England Capital Financial Advisors LLC increased its holdings in shares of Tesla by 2.6% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,195 shares of the electric vehicle producer’s stock worth $483,000 after buying an additional 30 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. acquired a new stake in shares of Tesla during the 4th quarter worth approximately $207,000. Lutz Financial Services LLC acquired a new stake in shares of Tesla during the 4th quarter worth approximately $235,000. Finally, Kooman & Associates increased its holdings in shares of Tesla by 2.4% during the 4th quarter. Kooman & Associates now owns 1,188 shares of the electric vehicle producer’s stock worth $480,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Transactions at Tesla

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

Tesla Price Performance

Tesla stock opened at $302.80 on Wednesday. The stock has a market cap of $973.96 billion, a P/E ratio of 148.43, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The company has a fifty day simple moving average of $393.98 and a 200-day simple moving average of $315.69. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. 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 (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TSLA shares. Morgan Stanley restated an “overweight” rating on shares of Tesla in a report on Tuesday, February 18th. Canaccord Genuity Group raised their price target on shares of Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Stifel Nicolaus cut their price target on shares of Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a report on Monday, February 10th. Mizuho restated an “outperform” rating and set a $515.00 price target on shares of Tesla in a report on Thursday, January 30th. Finally, The Goldman Sachs Group reaffirmed a “cautious” rating on shares of Tesla in a research report on Monday, February 10th. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $319.57.

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.