Integral Investment Advisors Inc. Sells 1,512 Shares of Tesla, Inc. (NASDAQ:TSLA)

Integral Investment Advisors Inc. reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 20.1% during the fourth quarter, Holdings Channel reports. The fund owned 6,017 shares of the electric vehicle producer’s stock after selling 1,512 shares during the period. Tesla comprises about 0.8% of Integral Investment Advisors Inc.’s investment portfolio, making the stock its 26th biggest position. Integral Investment Advisors Inc.’s holdings in Tesla were worth $2,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Transcendent Capital Group LLC bought a new position in shares of Tesla in the third quarter worth approximately $29,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Tesla in the fourth quarter worth approximately $46,000. PayPay Securities Corp grew its holdings in shares of Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after purchasing an additional 69 shares during the last quarter. Peterson Financial Group Inc. bought a new position in shares of Tesla in the third quarter worth approximately $35,000. Finally, Finley Financial LLC bought a new position in shares of Tesla in the fourth quarter worth approximately $64,000. 66.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Phillip Securities cut shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and raised their price target for the stock from $85.00 to $380.00 in a research note on Monday, December 2nd. Bank of America lowered Tesla from a “buy” rating to a “neutral” rating and raised their price target for the stock from $400.00 to $490.00 in a research note on Tuesday, January 7th. Benchmark started coverage on Tesla in a research note on Wednesday, February 12th. They issued a “buy” rating and a $475.00 price target for the company. Finally, Stifel Nicolaus dropped their price target on Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Tesla has a consensus rating of “Hold” and an average price target of $319.57.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $37,226,491.76. The trade was a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $30,095,100. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 523,386 shares of company stock worth $195,995,200 in the last three months. 20.70% of the stock is currently owned by company insiders.

Tesla Price Performance

NASDAQ TSLA opened at $302.80 on Wednesday. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The stock has a 50-day moving average of $393.98 and a 200 day moving average of $315.69. The company has a market capitalization of $973.96 billion, a price-to-earnings ratio of 148.43, a PEG ratio of 5.86 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

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.