794 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by Peak Financial Management Inc.

Peak Financial Management Inc. acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 794 shares of the electric vehicle producer's stock, valued at approximately $321,000.

Several other large investors also recently modified their holdings of the stock. Transcendent Capital Group LLC bought a new position in Tesla during the 3rd quarter valued at $29,000. Clean Yield Group grew its position in Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after purchasing an additional 48 shares in the last quarter. Peterson Financial Group Inc. bought a new position in shares of Tesla during the 3rd quarter worth approximately $35,000. M&R Capital Management Inc. grew its holdings in shares of Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Finally, Finley Financial LLC purchased a new stake in shares of Tesla during the fourth quarter valued at approximately $64,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

NASDAQ TSLA traded up $9.92 on Thursday, reaching $399.02. The company had a trading volume of 58,994,655 shares, compared to its average volume of 72,967,914. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.28 trillion, a PE ratio of 109.21, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The firm's 50 day moving average price is $401.98 and its 200 day moving average price is $297.28.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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 return on equity of 10.24% and a net margin of 13.07%. As a group, equities analysts predict that Tesla, Inc. will post 2.01 earnings per share for the current year.

Wall Street Analyst Weigh In

TSLA has been the subject of several research reports. Oppenheimer restated a "market perform" rating on shares of Tesla in a research report on Tuesday, October 8th. HSBC reiterated a "reduce" rating and issued a $124.00 target price on shares of Tesla in a research note on Friday, October 11th. Mizuho upgraded Tesla from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $230.00 to $515.00 in a research report on Tuesday, December 17th. StockNews.com upgraded Tesla from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Roth Capital upgraded Tesla from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $317.28.

Insider Activity

In other news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,442,856.32. This trade represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kimbal Musk sold 60,500 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 617,886 shares of company stock valued at $212,451,751. 20.70% of the stock is currently owned by company insiders.

Tesla 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.