Cathy Pareto & Associates Inc. acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,211 shares of the electric vehicle producer's stock, valued at approximately $489,000.
Several other large investors also recently modified their holdings of TSLA. Transcendent Capital Group LLC acquired a new position in Tesla during the third quarter valued at approximately $29,000. Clean Yield Group lifted its position in shares of Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after buying an additional 48 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in Tesla in the third quarter valued at about $35,000. M&R Capital Management Inc. raised its stake in Tesla by 263.2% during the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Finally, Quarry LP acquired a new stake in Tesla in the second quarter valued at approximately $48,000. 66.20% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Tesla
In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the transaction, the director now directly owns 85,000 shares in the company, valued at $26,727,400. This represents a 56.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the sale, the director now owns 1,563,220 shares of the company's stock, valued at approximately $391,164,540.60. This represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 617,886 shares of company stock valued at $212,451,751 over the last 90 days. Company insiders own 20.70% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on TSLA shares. Cantor Fitzgerald restated a "neutral" rating and issued a $365.00 target price on shares of Tesla in a report on Wednesday. Oppenheimer reissued a "market perform" rating on shares of Tesla in a research report on Tuesday, October 8th. JPMorgan Chase & Co. increased their price objective on Tesla from $130.00 to $135.00 and gave the company an "underweight" rating in a report on Thursday, October 24th. Wells Fargo & Company upped their price target on shares of Tesla from $125.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday. Finally, Jefferies Financial Group boosted their price objective on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a research note on Thursday, November 14th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tesla has a consensus rating of "Hold" and an average price target of $317.28.
Read Our Latest Analysis on TSLA
Tesla Stock Performance
Shares of TSLA traded up $13.13 during trading hours on Thursday, hitting $402.23. The stock had a trading volume of 74,326,638 shares, compared to its average volume of 73,721,320. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The firm has a market capitalization of $1.29 trillion, a PE ratio of 110.43, a PEG ratio of 8.42 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The stock has a fifty day moving average price of $401.98 and a 200 day moving average price of $297.28.
Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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%. Analysts anticipate that Tesla, Inc. will post 2.01 EPS for the current year.
Tesla Company Profile
(
Free Report)
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.
Read More
Before you consider Tesla, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.
While Tesla currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
