Burr Financial Services LLC Has $11.88 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Burr Financial Services LLC trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 22.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 29,419 shares of the electric vehicle producer's stock after selling 8,390 shares during the quarter. Tesla comprises about 8.0% of Burr Financial Services LLC's holdings, making the stock its 2nd biggest holding. Burr Financial Services LLC's holdings in Tesla were worth $11,881,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TSLA. MinichMacGregor Wealth Management LLC lifted its holdings in shares of Tesla by 14.8% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 4,551 shares of the electric vehicle producer's stock valued at $1,838,000 after purchasing an additional 586 shares in the last quarter. Raleigh Capital Management Inc. raised its position in Tesla by 41.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 5,035 shares of the electric vehicle producer's stock worth $2,033,000 after buying an additional 1,474 shares during the last quarter. D.B. Root & Company LLC boosted its holdings in shares of Tesla by 1.0% during the 4th quarter. D.B. Root & Company LLC now owns 4,135 shares of the electric vehicle producer's stock valued at $1,670,000 after acquiring an additional 41 shares during the last quarter. Echo45 Advisors LLC grew its stake in shares of Tesla by 3.7% in the fourth quarter. Echo45 Advisors LLC now owns 1,240 shares of the electric vehicle producer's stock worth $509,000 after acquiring an additional 44 shares during the period. Finally, True North Advisors LLC raised its holdings in shares of Tesla by 3.8% during the fourth quarter. True North Advisors LLC now owns 3,468 shares of the electric vehicle producer's stock valued at $1,400,000 after purchasing an additional 127 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

NASDAQ TSLA traded down $5.80 during trading on Friday, hitting $406.58. 56,102,963 shares of the stock traded hands, compared to its average volume of 67,394,624. The company has a market capitalization of $1.31 trillion, a P/E ratio of 111.39, 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 has a 50-day simple moving average of $398.82 and a 200-day simple moving average of $294.26. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion for the quarter, compared to analysts' expectations of $25.47 billion. During the same quarter in the previous year, the business posted $0.53 earnings per share. Tesla's quarterly revenue was up 7.8% on a year-over-year basis. As a group, analysts predict that Tesla, Inc. will post 2.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on TSLA. Canaccord Genuity Group lifted their target price on shares of Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Canaccord Genuity Group lifted their price objective on Tesla from $298.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Bank of America downgraded Tesla from a "buy" rating to a "neutral" rating and increased their target price for the company from $400.00 to $490.00 in a report on Tuesday, January 7th. Robert W. Baird boosted their price target on Tesla from $280.00 to $480.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Finally, Mizuho upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $230.00 to $515.00 in a research note on Tuesday, December 17th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $313.84.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $26,442,856.32. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the completion of the sale, the director now owns 5,400 shares of the company's stock, valued at approximately $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 617,886 shares of company stock valued at $212,451,751 in the last three months. Corporate insiders own 20.70% of the company's stock.

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.