Everpar Advisors LLC Acquires New Stake in Tesla, Inc. (NASDAQ:TSLA)

Everpar Advisors LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,588 shares of the electric vehicle producer’s stock, valued at approximately $2,134,000. Tesla makes up about 1.0% of Everpar Advisors LLC’s portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gryphon Financial Partners LLC boosted its stake in shares of Tesla by 23.8% in the 4th quarter. Gryphon Financial Partners LLC now owns 8,722 shares of the electric vehicle producer’s stock valued at $2,290,000 after purchasing an additional 1,676 shares in the last quarter. Moss Adams Wealth Advisors LLC increased its holdings in shares of Tesla by 13.3% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 2,648 shares of the electric vehicle producer’s stock worth $658,000 after buying an additional 311 shares during the period. Pacific Capital Wealth Advisors Inc. boosted its holdings in Tesla by 2.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 3,122 shares of the electric vehicle producer’s stock valued at $776,000 after acquiring an additional 60 shares during the period. Crestone Asset Management LLC boosted its holdings in Tesla by 13.0% during the 4th quarter. Crestone Asset Management LLC now owns 1,241 shares of the electric vehicle producer’s stock valued at $308,000 after acquiring an additional 143 shares during the period. Finally, Patrick M Sweeney & Associates Inc. bought a new position in Tesla during the 4th quarter worth approximately $421,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 1.7 %

Shares of TSLA stock traded down $3.09 during mid-day trading on Wednesday, hitting $174.72. The company’s stock had a trading volume of 79,844,724 shares, compared to its average volume of 103,846,883. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The stock has a market cap of $557.22 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 4.74 and a beta of 2.41. The business has a 50-day moving average price of $173.12 and a 200 day moving average price of $204.32.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of analyst reports. TD Cowen dropped their price objective on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Citigroup boosted their price objective on shares of Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. China Renaissance began coverage on Tesla in a research note on Monday, February 26th. They issued a “hold” rating on the stock. Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, UBS Group cut their price objective on Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $185.90.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The disclosure for this sale can be found here. In the last 90 days, insiders sold 302,803 shares of company stock valued at $56,124,840. 20.90% of the stock is owned by insiders.

Tesla Company 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.