Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Money Concepts Capital Corp

Money Concepts Capital Corp grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,188 shares of the electric vehicle producer's stock after purchasing an additional 963 shares during the period. Money Concepts Capital Corp's holdings in Tesla were worth $2,095,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in shares of Tesla during the third quarter valued at about $29,000. Peterson Financial Group Inc. purchased a new position in shares of Tesla during the third quarter valued at about $35,000. Finley Financial LLC purchased a new position in shares of Tesla during the fourth quarter valued at about $64,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Tesla by 692.6% during the third 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. Finally, Crews Bank & Trust purchased a new position in shares of Tesla during the fourth quarter valued at about $91,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the sale, the director now owns 1,463,220 shares of the company's stock, valued at $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 635,776 shares of company stock valued at $231,335,112. 20.70% of the stock is currently owned by insiders.

Tesla Stock Up 2.4 %

NASDAQ TSLA traded up $8.01 on Wednesday, hitting $336.51. The stock had a trading volume of 104,317,974 shares, compared to its average volume of 77,414,305. The business's fifty day moving average price is $407.68 and its 200 day moving average price is $306.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The stock has a market cap of $1.08 trillion, a price-to-earnings ratio of 164.96, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results 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 return on equity of 10.31% and a net margin of 7.26%. Equities research analysts anticipate that Tesla, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSLA. Benchmark began coverage on shares of Tesla in a report on Wednesday. They issued a "buy" rating and a $475.00 price target for the company. Roth Mkm raised shares of Tesla from a "neutral" rating to a "buy" rating and increased their price target for the company from $85.00 to $380.00 in a report on Monday, December 2nd. Phillip Securities downgraded shares of Tesla from a "moderate sell" rating to a "strong sell" rating in a report on Wednesday, November 13th. Bank of America downgraded shares of Tesla from a "buy" rating to a "neutral" rating and increased their price target for the company from $400.00 to $490.00 in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Tesla from $295.00 to $370.00 and gave the company a "buy" rating in a report on Monday, December 9th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $326.50.

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.