Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,374 shares of the electric vehicle producer’s stock after purchasing an additional 1,287 shares during the quarter. Tesla makes up about 0.9% of Bleakley Financial Group LLC’s holdings, making the stock its 21st biggest position. Bleakley Financial Group LLC’s holdings in Tesla were worth $29,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in Tesla in the third quarter valued at $29,000. Peterson Financial Group Inc. purchased a new stake in shares of Tesla in the 3rd quarter valued at about $35,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Tesla by 692.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after purchasing an additional 187 shares during the period. Finley Financial LLC purchased a new position in Tesla during the 4th quarter worth approximately $64,000. Finally, Abich Financial Wealth Management LLC lifted its stake in Tesla by 136.4% in the third quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock valued at $80,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Down 3.4 %

TSLA stock opened at $361.62 on Monday. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The stock has a market capitalization of $1.16 trillion, a P/E ratio of 177.27, a PEG ratio of 6.22 and a beta of 2.34. The company has a 50 day moving average price of $408.27 and a two-hundred day moving average price of $303.93. 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 earnings results 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 net margin of 7.26% and a return on equity of 10.31%. As a group, sell-side analysts expect that Tesla, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,903,716. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $383.11, for a total value of $2,681,770.00. Following the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $41,745,581.15. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 560,776 shares of company stock valued at $203,744,862. Insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $380.00 in a report on Monday, December 2nd. UBS Group lifted their price objective on shares of Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a research note on Thursday, January 30th. Guggenheim reissued a “sell” rating and set a $175.00 price target on shares of Tesla in a report on Wednesday, January 29th. Canaccord Genuity Group upped their price objective on Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays lifted their target price on Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $322.29.

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.