Private Advisor Group LLC Has $1.59 Million Position in Tesla Inc (TSLA)

Private Advisor Group LLC reduced its stake in shares of Tesla Inc (NASDAQ:TSLA) by 77.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,751 shares of the electric vehicle producer’s stock after selling 15,937 shares during the quarter. Private Advisor Group LLC’s holdings in Tesla were worth $1,585,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Jennison Associates LLC lifted its stake in shares of Tesla by 17.1% during the 4th quarter. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer’s stock worth $1,053,158,000 after purchasing an additional 494,761 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Tesla by 126.6% during the 3rd quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock worth $186,601,000 after purchasing an additional 305,596 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of Tesla by 77.1% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 635,692 shares of the electric vehicle producer’s stock worth $197,922,000 after purchasing an additional 276,781 shares during the last quarter. Ariose Capital Management Ltd purchased a new stake in shares of Tesla during the 3rd quarter worth $30,733,000. Finally, APG Asset Management N.V. lifted its stake in shares of Tesla by 43.4% during the 4th quarter. APG Asset Management N.V. now owns 213,861 shares of the electric vehicle producer’s stock worth $55,451,000 after purchasing an additional 64,712 shares during the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.

A number of equities research analysts recently weighed in on the company. BidaskClub cut Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Berenberg Bank set a $470.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Thursday, February 8th. Dougherty & Co upped their price objective on Tesla from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Vetr cut Tesla from a “buy” rating to a “hold” rating and set a $330.54 price objective for the company. in a research note on Wednesday. Finally, Piper Jaffray Companies set a $385.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Thursday, February 8th. Thirteen equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $324.20.

In related news, VP Eric Branderiz sold 801 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $354.58, for a total transaction of $284,018.58. Following the sale, the vice president now directly owns 1,287 shares of the company’s stock, valued at $456,344.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 4,065 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total value of $1,268,605.20. Following the sale, the director now directly owns 154,589 shares in the company, valued at $48,244,135.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,231 shares of company stock worth $3,292,431. 23.10% of the stock is owned by corporate insiders.

Tesla Inc (TSLA) opened at $335.49 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $56,380.00, a PE ratio of -28.46 and a beta of 0.97. Tesla Inc has a 1-year low of $242.01 and a 1-year high of $389.61.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.12) by $0.08. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.26 billion. Tesla had a negative return on equity of 32.11% and a negative net margin of 16.68%. The company’s revenue was up 43.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.69) earnings per share. sell-side analysts anticipate that Tesla Inc will post -15.15 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://stocknewstimes.com/2018/02/18/private-advisor-group-llc-has-1-59-million-position-in-tesla-inc-tsla.html.

About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla Inc (NASDAQ:TSLA).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply