FMA Wealth Management LLC Decreases Position in Tesla, Inc. (NASDAQ:TSLA)

FMA Wealth Management LLC decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 40.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 588 shares of the electric vehicle producer’s stock after selling 400 shares during the period. FMA Wealth Management LLC’s holdings in Tesla were worth $237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Corps Capital Advisors LLC purchased a new position in shares of Tesla during the 4th quarter valued at $1,934,000. Ieq Capital LLC raised its stake in Tesla by 11.7% in the 4th quarter. Ieq Capital LLC now owns 240,185 shares of the electric vehicle producer’s stock valued at $96,996,000 after acquiring an additional 25,117 shares during the period. Sterling Financial Planning Inc. purchased a new stake in Tesla during the fourth quarter valued at about $252,000. Bryn Mawr Capital Management LLC boosted its position in Tesla by 369.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 51,554 shares of the electric vehicle producer’s stock worth $20,820,000 after purchasing an additional 40,572 shares during the period. Finally, Fagan Associates Inc. increased its stake in shares of Tesla by 1.1% in the fourth quarter. Fagan Associates Inc. now owns 9,958 shares of the electric vehicle producer’s stock worth $4,021,000 after purchasing an additional 111 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Down 4.7 %

Shares of NASDAQ:TSLA opened at $337.80 on Friday. 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. The stock’s 50-day moving average price is $400.17 and its 200-day moving average price is $313.18. The stock has a market capitalization of $1.09 trillion, a P/E ratio of 165.59, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34.

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 analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on TSLA. UBS Group raised their price objective on shares of Tesla from $226.00 to $259.00 and gave the stock a “sell” rating in a report on Thursday, January 30th. Jefferies Financial Group raised their price target on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. The Goldman Sachs Group reiterated a “cautious” rating on shares of Tesla in a research note on Monday, February 10th. Wells Fargo & Company upped their price target on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. Finally, Barclays boosted their price objective on shares of Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $319.57.

Insider Activity at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the transaction, the director now owns 5,400 shares in the company, valued at $2,222,802. The trade was a 94.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock worth $195,995,200 in the last three months. 20.70% of the stock is owned by insiders.

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.