MKT Advisors LLC Buys New Position in Tesla, Inc. (NASDAQ:TSLA)

MKT Advisors LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 919 shares of the electric vehicle producer's stock, valued at approximately $392,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hengehold Capital Management LLC raised its stake in Tesla by 1.8% in the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after acquiring an additional 24 shares during the period. Acropolis Investment Management LLC raised its position in shares of Tesla by 0.9% in the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after purchasing an additional 25 shares during the period. Mount Vernon Associates Inc. MD lifted its stake in shares of Tesla by 0.3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after buying an additional 25 shares during the last quarter. Avaii Wealth Management LLC boosted its holdings in shares of Tesla by 0.9% during the 4th quarter. Avaii Wealth Management LLC now owns 3,636 shares of the electric vehicle producer's stock worth $1,468,000 after buying an additional 31 shares during the period. Finally, Cora Capital Advisors LLC raised its holdings in Tesla by 3.6% in the 4th quarter. Cora Capital Advisors LLC now owns 881 shares of the electric vehicle producer's stock valued at $356,000 after acquiring an additional 31 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

TSLA traded up $4.32 on Friday, reaching $404.60. The stock had a trading volume of 83,239,854 shares, compared to its average volume of 66,449,784. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 198.33, a price-to-earnings-growth ratio of 8.08 and a beta of 2.30. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The firm has a 50-day moving average of $404.22 and a 200-day moving average of $299.05.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.54%. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.82 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 8,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $300.37, for a total transaction of $2,402,960.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $31,548,461.84. This trade represents a 7.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the director now directly owns 5,400 shares in the company, valued at $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 553,386 shares of company stock worth $196,305,796. 20.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of research analyst reports. Guggenheim restated a "sell" rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday. Truist Financial upped their price objective on Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a report on Thursday. Robert W. Baird dropped their target price on Tesla from $480.00 to $440.00 and set an "outperform" rating for the company in a report on Thursday. Cantor Fitzgerald reissued a "neutral" rating and issued a $365.00 target price on shares of Tesla in a research report on Wednesday. Finally, Wells Fargo & Company raised their price target on shares of Tesla from $125.00 to $135.00 and gave the stock an "underweight" rating in a research report on Thursday. Nine research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Tesla has a consensus rating of "Hold" and an average price target of $318.31.

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.