Mayflower Financial Advisors LLC Purchases 671 Shares of Tesla, Inc. (NASDAQ:TSLA)

Mayflower Financial Advisors LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,320 shares of the electric vehicle producer's stock after buying an additional 671 shares during the quarter. Mayflower Financial Advisors LLC's holdings in Tesla were worth $2,148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in shares of Tesla during the third quarter worth $29,000. Clean Yield Group boosted its position in shares of 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 acquiring an additional 48 shares during the period. Peterson Financial Group Inc. purchased a new position in Tesla during the third quarter valued at approximately $35,000. Quarry LP bought a new position in Tesla in the 2nd quarter valued at $48,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in shares of Tesla by 692.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock valued at $56,000 after purchasing an additional 187 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Shares of NASDAQ TSLA traded down $14.04 during trading on Wednesday, reaching $378.17. 57,076,100 shares of the company traded hands, compared to its average volume of 74,715,766. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a 50 day simple moving average of $406.20 and a 200-day simple moving average of $301.73. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The stock has a market capitalization of $1.22 trillion, a PE ratio of 185.38, a P/E/G ratio of 6.79 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS 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%. Equities research analysts anticipate that Tesla, Inc. will post 2.82 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on TSLA shares. Truist Financial boosted their price objective on Tesla from $351.00 to $373.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Wells Fargo & Company upped their price objective on shares of Tesla from $125.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, January 30th. Glj Research reiterated a "sell" rating and issued a $24.86 price objective on shares of Tesla in a research report on Friday, January 3rd. Morgan Stanley increased their target price on shares of Tesla from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Finally, Guggenheim restated a "sell" rating and set a $175.00 target price on shares of Tesla in a report on Wednesday, January 29th. Nine research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $318.31.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction 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 transaction, the chief financial officer now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at $26,727,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 665,776 shares of company stock valued at $239,468,052. 20.70% of the stock is owned by company insiders.

Tesla Company 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.