Nadler Financial Group Inc. Trims Holdings in Tesla, Inc. (NASDAQ:TSLA)

Nadler Financial Group Inc. trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,396 shares of the electric vehicle producer’s stock after selling 143 shares during the quarter. Nadler Financial Group Inc.’s holdings in Tesla were worth $2,583,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TSLA. DAVENPORT & Co LLC boosted its stake in shares of Tesla by 3.5% in the third quarter. DAVENPORT & Co LLC now owns 31,878 shares of the electric vehicle producer’s stock worth $7,976,000 after acquiring an additional 1,092 shares during the last quarter. Park Place Capital Corp boosted its stake in Tesla by 13.9% during the third quarter. Park Place Capital Corp now owns 1,124 shares of the electric vehicle producer’s stock worth $281,000 after buying an additional 137 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Tesla by 17.3% during the third quarter. Newbridge Financial Services Group Inc. now owns 26,279 shares of the electric vehicle producer’s stock worth $6,576,000 after buying an additional 3,874 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Tesla by 18.8% in the third quarter. GHP Investment Advisors Inc. now owns 922 shares of the electric vehicle producer’s stock valued at $232,000 after purchasing an additional 146 shares during the period. Finally, Nalls Sherbakoff Group LLC increased its position in shares of Tesla by 71.9% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 837 shares of the electric vehicle producer’s stock worth $209,000 after purchasing an additional 350 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

Shares of TSLA traded up $0.30 during mid-day trading on Friday, reaching $170.48. 54,327,443 shares of the company’s stock traded hands, compared to its average volume of 102,678,250. The business’s 50-day moving average price is $175.67 and its 200-day moving average price is $208.64. The stock has a market capitalization of $542.94 billion, a P/E ratio of 43.44, a price-to-earnings-growth ratio of 4.28 and a beta of 2.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 13.18% and a net margin of 14.37%. The firm had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the previous year, the firm earned $1.07 EPS. Tesla’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts predict that Tesla, Inc. will post 1.97 earnings per share for the current year.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s 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 directly owns 15,000 shares in the company, valued at approximately $2,631,600. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock valued at $38,802,534 over the last quarter. Corporate insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TSLA. Canaccord Genuity Group lowered their price objective on Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Wednesday. TD Cowen reduced their target price on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a report on Thursday, January 25th. Royal Bank of Canada reduced their target price on Tesla from $294.00 to $293.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 3rd. Eight investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $186.70.

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.