Friedenthal Financial Acquires 1,968 Shares of Tesla, Inc. (NASDAQ:TSLA)

Friedenthal Financial lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 98,400.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,970 shares of the electric vehicle producer's stock after buying an additional 1,968 shares during the period. Friedenthal Financial's holdings in Tesla were worth $796,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TSLA. Abich Financial Wealth Management LLC increased its position in Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock valued at $26,000 after acquiring an additional 81 shares during the period. Transcendent Capital Group LLC bought a new stake in shares of Tesla in the third quarter worth $29,000. Clean Yield Group increased its holdings in Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after purchasing an additional 48 shares during the period. Peterson Financial Group Inc. bought a new position in Tesla during the 3rd quarter worth $35,000. Finally, M&R Capital Management Inc. lifted its holdings in Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 100 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company's stock, valued at $1,868,508. This represents a 94.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 621,886 shares of company stock valued at $213,451,751 over the last three months. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Down 1.7 %

NASDAQ:TSLA traded down $6.95 during trading hours on Tuesday, hitting $396.36. 83,986,800 shares of the company traded hands, compared to its average volume of 81,639,867. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. 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 company has a market cap of $1.27 trillion, a PE ratio of 108.59, a PEG ratio of 10.80 and a beta of 2.30. The firm's 50-day simple moving average is $382.71 and its 200-day simple moving average is $284.69.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm's revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Equities analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Guggenheim increased their price target on Tesla from $156.00 to $175.00 and gave the company a "sell" rating in a research note on Thursday, December 5th. Truist Financial restated a "hold" rating and set a $360.00 price target on shares of Tesla in a report on Thursday, January 2nd. Canaccord Genuity Group upped their price objective on shares of Tesla from $298.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Jefferies Financial Group lifted their target price on shares of Tesla from $195.00 to $300.00 and gave the stock a "hold" rating in a research note on Thursday, November 14th. Finally, Mizuho upgraded Tesla from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $230.00 to $515.00 in a report on Tuesday, December 17th. Nine analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $296.60.

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.