Ritter Daniher Financial Advisory LLC DE Has $1.13 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Ritter Daniher Financial Advisory LLC DE lowered its position in Tesla, Inc. (NASDAQ:TSLA) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,786 shares of the electric vehicle producer’s stock after selling 145 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Tesla were worth $1,125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Trek Financial LLC grew its position in Tesla by 135.9% during the fourth quarter. Trek Financial LLC now owns 20,938 shares of the electric vehicle producer’s stock worth $8,456,000 after buying an additional 12,064 shares in the last quarter. FMR LLC boosted its position in Tesla by 40.1% in the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer’s stock valued at $13,997,660,000 after buying an additional 9,920,325 shares in the last quarter. Westwood Wealth Management increased its holdings in Tesla by 1,334.1% during the 4th quarter. Westwood Wealth Management now owns 15,560 shares of the electric vehicle producer’s stock valued at $6,284,000 after purchasing an additional 14,475 shares in the last quarter. Unigestion Holding SA increased its stake in shares of Tesla by 74.1% in the fourth quarter. Unigestion Holding SA now owns 4,698 shares of the electric vehicle producer’s stock valued at $1,897,000 after buying an additional 2,000 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Tesla by 205.3% during the fourth quarter. Federated Hermes Inc. now owns 317,650 shares of the electric vehicle producer’s stock worth $128,280,000 after purchasing an additional 213,613 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Activity

In other news, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company’s stock, valued at $2,222,802. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 477,228 shares of company stock worth $166,849,043. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TSLA shares. Royal Bank of Canada reduced their price objective on shares of Tesla from $440.00 to $320.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 18th. Stifel Nicolaus dropped their price objective on shares of Tesla from $474.00 to $455.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Glj Research reaffirmed a “buy” rating on shares of Tesla in a research report on Tuesday, March 11th. New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price on the stock in a report on Monday, January 6th. Finally, UBS Group cut their target price on shares of Tesla from $259.00 to $225.00 and set a “sell” rating for the company in a research note on Monday, March 10th. Eight analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $312.65.

Tesla Price Performance

Tesla stock opened at $239.43 on Friday. The firm has a 50-day moving average of $305.98 and a two-hundred day moving average of $323.56. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The stock has a market cap of $770.13 billion, a price-to-earnings ratio of 117.37, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current 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.