Catalyst Financial Partners LLC Purchases 1,132 Shares of Tesla, Inc. (NASDAQ:TSLA)

Catalyst Financial Partners LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,270 shares of the electric vehicle producer's stock after purchasing an additional 1,132 shares during the period. Tesla makes up about 0.8% of Catalyst Financial Partners LLC's portfolio, making the stock its 22nd largest holding. Catalyst Financial Partners LLC's holdings in Tesla were worth $4,147,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Swedbank AB lifted its holdings in shares of Tesla by 2.8% during the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer's stock worth $287,457,000 after acquiring an additional 29,669 shares during the period. Stratos Wealth Advisors LLC lifted its holdings in shares of Tesla by 4.5% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 8,666 shares of the electric vehicle producer's stock worth $2,268,000 after acquiring an additional 372 shares during the period. ST Germain D J Co. Inc. lifted its holdings in shares of Tesla by 10.5% during the 3rd quarter. ST Germain D J Co. Inc. now owns 1,169 shares of the electric vehicle producer's stock worth $306,000 after acquiring an additional 111 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Tesla by 0.6% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 23,711 shares of the electric vehicle producer's stock worth $6,204,000 after acquiring an additional 133 shares during the period. Finally, Everett Harris & Co. CA lifted its holdings in shares of Tesla by 8.1% during the 3rd quarter. Everett Harris & Co. CA now owns 2,680 shares of the electric vehicle producer's stock worth $701,000 after acquiring an additional 200 shares during the period. Institutional investors own 66.20% of the company's stock.

Insider Activity

In related news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 85,000 shares in the company, valued at approximately $30,095,100. The trade was a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock worth $195,995,200 over the last three months. 20.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several research reports. Bank of America downgraded shares of Tesla from a "buy" rating to a "neutral" rating and increased their price objective for the company from $400.00 to $490.00 in a research note on Tuesday, January 7th. Phillip Securities downgraded shares of Tesla from a "moderate sell" rating to a "strong sell" rating in a research note on Wednesday, November 13th. 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. Evercore ISI increased their price objective on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research note on Friday, January 3rd. Finally, Guggenheim reissued a "sell" rating and issued a $175.00 price objective on shares of Tesla in a research note on Wednesday, January 29th. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Tesla currently has an average rating of "Hold" and a consensus target price of $326.50.

Tesla Stock Down 1.7 %

Shares of NASDAQ TSLA traded down $6.16 during mid-day trading on Thursday, reaching $354.40. 45,742,280 shares of the company's stock traded hands, compared to its average volume of 75,478,797. The stock has a market cap of $1.14 trillion, a P/E ratio of 173.73, a PEG ratio of 5.86 and a beta of 2.34. The business has a 50-day simple moving average of $403.41 and a 200 day simple moving average of $311.13. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.