Tesla, Inc. (NASDAQ:TSLA) Position Boosted by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. boosted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,498 shares of the electric vehicle producer's stock after acquiring an additional 1,183 shares during the period. Tesla comprises approximately 1.2% of Legacy Financial Advisors Inc.'s portfolio, making the stock its 17th largest position. Legacy Financial Advisors Inc.'s holdings in Tesla were worth $7,066,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Horrell Capital Management Inc. boosted its position in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. boosted its holdings in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares during the period. CoreFirst Bank & Trust acquired a new position in shares of Tesla in the 4th quarter valued at $38,000. Delos Wealth Advisors LLC grew its position in Tesla by 300.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Finally, Cyrus J. Lawrence LLC acquired a new position in Tesla in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the transaction, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $41,745,581.15. The trade was a 6.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 75,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the sale, the director now directly owns 1,463,220 shares of the company's stock, valued at $538,274,741.40. This trade represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 374,228 shares of company stock valued at $123,791,123 over the last ninety days. Corporate insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TSLA shares. Deutsche Bank Aktiengesellschaft lowered their price target on Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Canaccord Genuity Group reissued a "buy" rating and issued a $404.00 target price on shares of Tesla in a report on Monday, March 17th. Royal Bank of Canada decreased their price target on Tesla from $440.00 to $320.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Cantor Fitzgerald reissued an "overweight" rating and issued a $425.00 price objective on shares of Tesla in a research note on Thursday, April 3rd. Finally, Evercore ISI upped their price objective on shares of Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research report on Friday, January 3rd. Eight investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $298.59.

Tesla Trading Down 1.5 %

Shares of Tesla stock traded down $3.71 during trading hours on Monday, reaching $248.60. 58,905,182 shares of the company's stock were exchanged, compared to its average volume of 95,864,280. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a fifty day moving average of $285.19 and a 200-day moving average of $323.57. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $799.63 billion, a price-to-earnings ratio of 121.86, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly 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 10.31% and a net margin of 7.26%. Sell-side analysts forecast 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.