Yanni & Associates Investment Advisors LLC Buys New Shares in Tesla, Inc. $TSLA

Yanni & Associates Investment Advisors LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLAFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,725 shares of the electric vehicle producer’s stock, valued at approximately $776,000. Tesla accounts for about 0.8% of Yanni & Associates Investment Advisors LLC’s portfolio, making the stock its 19th largest position.

Other hedge funds have also recently made changes to their positions in the company. Networth Advisors LLC acquired a new position in shares of Tesla in the 4th quarter valued at $26,000. Chapman Financial Group LLC acquired a new position in shares of Tesla in the 2nd quarter valued at $26,000. Davidson Capital Management Inc. increased its position in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the period. Prism Advisors Inc. acquired a new position in shares of Tesla in the 4th quarter valued at $30,000. Finally, Turning Point Benefit Group Inc. acquired a new position in shares of Tesla in the 3rd quarter valued at $30,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSLA has been the topic of several research reports. Piper Sandler reissued an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. TD Cowen reaffirmed a “buy” rating and issued a $490.00 price target on shares of Tesla in a report on Thursday, April 23rd. HSBC initiated coverage on shares of Tesla in a report on Monday, April 27th. They issued a “buy” rating on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $510.00 price target on shares of Tesla in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of Tesla in a report on Wednesday, April 22nd. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $395.20.

Check Out Our Latest Report on TSLA

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 83,213 shares of company stock valued at $32,201,105. 19.90% of the stock is owned by company insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

Tesla Price Performance

Shares of Tesla stock opened at $409.99 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a twelve month low of $273.21 and a twelve month high of $498.83. The business has a 50-day moving average price of $386.50 and a 200 day moving average price of $417.68. The firm has a market cap of $1.54 trillion, a PE ratio of 376.14, a P/E/G ratio of 16.67 and a beta of 1.79.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the business earned $0.27 EPS. Tesla’s revenue for the quarter was up 15.8% compared to the same quarter last year. Sell-side analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean?energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery?electric vehicles and related services.

See Also

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:TSLAFree Report).

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.