Tesla, Inc. (NASDAQ:TSLA) Holdings Lifted by Professional Financial Advisors LLC

Professional Financial Advisors LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,885 shares of the electric vehicle producer’s stock after acquiring an additional 53 shares during the quarter. Professional Financial Advisors LLC’s holdings in Tesla were worth $761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brown Brothers Harriman & Co. grew its holdings in shares of Tesla by 36.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 10,921 shares of the electric vehicle producer’s stock worth $2,161,000 after acquiring an additional 2,926 shares during the last quarter. One Capital Management LLC boosted its position in shares of Tesla by 2.1% in the 2nd quarter. One Capital Management LLC now owns 13,135 shares of the electric vehicle producer’s stock valued at $2,599,000 after purchasing an additional 273 shares during the period. Citizens Financial Group Inc. RI increased its stake in Tesla by 131.0% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 25,543 shares of the electric vehicle producer’s stock worth $5,054,000 after purchasing an additional 14,484 shares in the last quarter. Wulff Hansen & CO. raised its holdings in Tesla by 19,688.0% during the 2nd quarter. Wulff Hansen & CO. now owns 239,435 shares of the electric vehicle producer’s stock worth $47,379,000 after buying an additional 238,225 shares during the period. Finally, WealthPLAN Partners LLC lifted its stake in Tesla by 9.6% during the second quarter. WealthPLAN Partners LLC now owns 12,649 shares of the electric vehicle producer’s stock valued at $2,503,000 after buying an additional 1,109 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TSLA. Royal Bank of Canada lifted their target price on shares of Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Canaccord Genuity Group boosted their target price on shares of Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. The Goldman Sachs Group increased their target price on Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. Finally, Glj Research restated a “sell” rating and set a $24.86 price objective on shares of Tesla in a research report on Friday, January 3rd. Nine investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $296.60.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $396.36 on Wednesday. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a market cap of $1.27 trillion, a P/E ratio of 108.59, a P/E/G ratio of 10.80 and a beta of 2.30. The business’s 50 day moving average is $382.71 and its two-hundred day moving average is $284.69. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. On average, equities analysts expect that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Activity at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the transaction, the director now directly owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This trade represents a 3.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 621,886 shares of company stock worth $213,451,751. Company insiders own 20.70% of the company’s stock.

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.