Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by GoalVest Advisory LLC

GoalVest Advisory LLC lifted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,173 shares of the electric vehicle producer's stock after purchasing an additional 2,352 shares during the period. Tesla comprises about 1.1% of GoalVest Advisory LLC's investment portfolio, making the stock its 12th largest position. GoalVest Advisory LLC's holdings in Tesla were worth $4,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in TSLA. Eagle Capital Management LLC bought a new stake in Tesla during the 4th quarter valued at $331,000. Evolution Wealth Advisors LLC raised its holdings in shares of Tesla by 48.1% in the fourth quarter. Evolution Wealth Advisors LLC now owns 7,061 shares of the electric vehicle producer's stock valued at $2,856,000 after acquiring an additional 2,293 shares in the last quarter. Paragon Financial Partners Inc. lifted its stake in Tesla by 71.3% in the fourth quarter. Paragon Financial Partners Inc. now owns 2,313 shares of the electric vehicle producer's stock worth $934,000 after acquiring an additional 963 shares during the period. Kelleher Financial Advisors grew its holdings in Tesla by 19.0% during the 4th quarter. Kelleher Financial Advisors now owns 5,121 shares of the electric vehicle producer's stock worth $2,068,000 after acquiring an additional 819 shares in the last quarter. Finally, Dupont Capital Management Corp increased its position in Tesla by 107.8% during the 4th quarter. Dupont Capital Management Corp now owns 33,831 shares of the electric vehicle producer's stock valued at $13,662,000 after purchasing an additional 17,547 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 617,886 shares of company stock valued at $212,451,751. 20.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein reiterated an "underperform" rating and set a $120.00 price objective on shares of Tesla in a research note on Thursday, October 3rd. Roth Mkm raised Tesla from a "neutral" rating to a "buy" rating and increased their target price for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. Robert W. Baird boosted their price target on Tesla from $280.00 to $480.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Jefferies Financial Group raised their price objective on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a research report on Thursday, November 14th. Finally, Guggenheim boosted their target price on shares of Tesla from $156.00 to $175.00 and gave the stock a "sell" rating in a report on Thursday, December 5th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $313.84.

Tesla Stock Performance

Shares of TSLA traded down $5.80 during trading hours on Friday, hitting $406.58. The stock had a trading volume of 56,102,963 shares, compared to its average volume of 67,394,624. The firm has a 50-day moving average price of $398.82 and a 200 day moving average price of $294.03. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The firm has a market capitalization of $1.31 trillion, a price-to-earnings ratio of 111.39, a PEG ratio of 8.42 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) 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 business had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same period in the prior year, the company posted $0.53 EPS. The company's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that Tesla, Inc. will post 2.01 EPS for the current year.

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.