1,757 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Jacksonville Wealth Management LLC

Jacksonville Wealth Management LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,757 shares of the electric vehicle producer's stock, valued at approximately $710,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in Tesla during the third quarter worth $29,000. Clean Yield Group boosted its holdings in 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 acquiring an additional 48 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of Tesla in the third quarter valued at about $35,000. M&R Capital Management Inc. lifted its position in shares of Tesla by 263.2% during the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Finally, Quarry LP purchased a new position in Tesla during the second quarter worth about $48,000. Institutional investors own 66.20% of the company's stock.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the sale, the director now owns 85,000 shares of the company's stock, valued at approximately $26,727,400. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 553,386 shares of company stock valued at $196,305,796. Insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Tesla from $400.00 to $430.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Canaccord Genuity Group boosted their price objective on Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $365.00 target price on shares of Tesla in a research report on Wednesday. Oppenheimer reissued a "market perform" rating on shares of Tesla in a report on Tuesday, October 8th. Finally, Evercore ISI raised their price objective on shares of Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a report on Friday, January 3rd. Nine equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus price target of $318.31.

Tesla Price Performance

TSLA stock traded up $4.32 during midday trading on Friday, reaching $404.60. The company had a trading volume of 83,239,854 shares, compared to its average volume of 66,449,784. The firm has a 50-day moving average price of $404.22 and a 200-day moving average price of $299.05. The company has a market capitalization of $1.30 trillion, a P/E ratio of 198.33, a P/E/G ratio of 8.08 and a beta of 2.30. 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 1.84 and a quick ratio of 1.37.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.54% and a net margin of 7.26%. On average, research analysts anticipate that Tesla, Inc. will post 2.82 earnings per share for the current fiscal 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.