Stanich Group LLC Buys New Stake in Tesla, Inc. (NASDAQ:TSLA)

Stanich Group LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 773 shares of the electric vehicle producer's stock, valued at approximately $312,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in shares of Tesla during the third quarter worth about $29,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Tesla during the fourth quarter worth about $46,000. PayPay Securities Corp increased its stake in shares of Tesla by 130.2% during 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 in the last quarter. Peterson Financial Group Inc. purchased a new stake in Tesla during the 3rd quarter valued at about $35,000. Finally, Finley Financial LLC purchased a new stake in Tesla during the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $37,226,491.76. This represents a 6.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the sale, the director now directly owns 85,000 shares in the company, 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 have sold a total of 523,386 shares of company stock valued at $195,995,200 in the last ninety days. Company insiders own 20.70% of the company's stock.

Tesla Stock Down 4.7 %

TSLA traded down $16.60 during trading hours on Friday, hitting $337.80. 73,720,762 shares of the company's stock were exchanged, compared to its average volume of 69,682,248. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The firm has a 50 day moving average of $400.17 and a 200 day moving average of $313.18. The firm has a market cap of $1.09 trillion, a P/E ratio of 165.59, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several research reports. Roth Mkm raised shares of Tesla from a "neutral" rating to a "buy" rating and upped their price objective for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Royal Bank of Canada reaffirmed a "mixed" rating on shares of Tesla in a research note on Saturday, February 8th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tesla from $295.00 to $370.00 and gave the company a "buy" rating in a research note on Monday, December 9th. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective for the company in a research note on Monday, January 6th. Finally, Mizuho reaffirmed an "outperform" rating and set a $515.00 price objective on shares of Tesla in a research note on Thursday, January 30th. Ten equities 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $319.57.

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.