Ballew Advisors Inc Has $763,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Ballew Advisors Inc raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,069 shares of the electric vehicle producer’s stock after acquiring an additional 160 shares during the period. Ballew Advisors Inc’s holdings in Tesla were worth $763,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TSLA. Vanguard Group Inc. lifted its stake in Tesla by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock valued at $56,534,710,000 after acquiring an additional 3,453,078 shares in the last quarter. State Street Corp lifted its position in shares of Tesla by 4.4% in the second quarter. State Street Corp now owns 104,115,390 shares of the electric vehicle producer’s stock worth $27,254,286,000 after purchasing an additional 4,431,570 shares in the last quarter. Morgan Stanley increased its stake in Tesla by 7.8% in the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock valued at $7,546,823,000 after buying an additional 2,177,397 shares during the last quarter. FMR LLC boosted its stake in shares of Tesla by 0.9% during the 3rd quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock worth $7,266,572,000 after buying an additional 269,182 shares during the last quarter. Finally, Norges Bank bought a new stake in Tesla during the fourth quarter worth about $3,459,540,000. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Tesla from $218.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley reissued an “overweight” rating and set a $320.00 target price on shares of Tesla in a report on Wednesday. Sanford C. Bernstein reduced their price objective on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating for the company in a research report on Tuesday. UBS Group cut their target price on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Finally, KGI Securities reissued a “neutral” rating and issued a $213.00 price target (down from $309.00) on shares of Tesla in a report on Thursday, January 25th. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $204.63.

Tesla Stock Performance

Shares of TSLA stock traded down $4.04 on Thursday, hitting $175.79. 77,386,336 shares of the stock were exchanged, compared to its average volume of 102,682,047. Tesla, Inc. has a one year low of $152.37 and a one year high of $299.29. The firm’s 50 day moving average is $187.78 and its two-hundred day moving average is $222.06. The firm has a market capitalization of $559.85 billion, a PE ratio of 40.79, a P/E/G ratio of 4.01 and a beta of 2.41. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The company had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Tesla’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 earnings per share. Sell-side analysts expect that Tesla, Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Robyn M. Denholm sold 93,705 shares of the 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 of the company’s stock, valued at approximately $2,631,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,598 shares of company stock valued at $36,952,434. Corporate insiders own 20.90% of the company’s stock.

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.