Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Bfsg LLC

Bfsg LLC lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,272 shares of the electric vehicle producer’s stock after purchasing an additional 62 shares during the period. Bfsg LLC’s holdings in Tesla were worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC increased its position in Tesla by 1.0% in the 3rd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock worth $1,089,000 after buying an additional 42 shares during the period. Holderness Investments Co. increased its holdings in shares of Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock worth $650,000 after acquiring an additional 42 shares in the last quarter. Wagner Wealth Management LLC grew its holdings in shares of Tesla by 1.3% during the third quarter. Wagner Wealth Management LLC now owns 3,384 shares of the electric vehicle producer’s stock worth $847,000 after buying an additional 44 shares in the last quarter. SCS Capital Management LLC grew its holdings in shares of Tesla by 0.3% during the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock worth $4,224,000 after buying an additional 45 shares in the last quarter. Finally, Daymark Wealth Partners LLC grew its holdings in shares of Tesla by 0.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock worth $2,622,000 after buying an additional 45 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business’s 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 in the company, valued at approximately $2,920,950. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is currently owned by insiders.

Tesla Stock Performance

Shares of NASDAQ TSLA traded up $4.43 during midday trading on Thursday, reaching $166.56. The company’s stock had a trading volume of 53,061,580 shares, compared to its average volume of 102,328,086. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The firm has a 50 day moving average price of $176.28 and a 200-day moving average price of $208.91. The stock has a market capitalization of $530.46 billion, a P/E ratio of 42.19, a PEG ratio of 3.82 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data 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). The firm had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.68%. Tesla’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 EPS. As a group, equities analysts predict that Tesla, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays reduced their price target on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Piper Sandler restated an “overweight” rating and set a $205.00 price objective on shares of Tesla in a research note on Monday. Bank of America upgraded Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Wednesday. Sanford C. Bernstein cut their price objective on Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday, March 26th. Finally, Citigroup raised their price objective on Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday. Eight analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $186.22.

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.