NBZ Investment Advisors LLC Acquires New Position in Tesla, Inc. (NASDAQ:TSLA)

NBZ Investment Advisors LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,246 shares of the electric vehicle producer's stock, valued at approximately $503,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Principal Financial Group Inc. raised its stake in Tesla by 5.6% in the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock valued at $955,052,000 after purchasing an additional 194,796 shares in the last quarter. United Bank bought a new stake in Tesla during the third quarter worth $287,000. Quantbot Technologies LP acquired a new stake in shares of Tesla in the 3rd quarter valued at $687,000. Glenmede Trust Co. NA raised its holdings in shares of Tesla by 34.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 50,899 shares of the electric vehicle producer's stock worth $13,317,000 after buying an additional 12,955 shares in the last quarter. Finally, National Wealth Management Group LLC lifted its position in shares of Tesla by 92.8% during the 3rd quarter. National Wealth Management Group LLC now owns 4,925 shares of the electric vehicle producer's stock worth $1,289,000 after buying an additional 2,371 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the sale, the director now directly owns 85,000 shares of the company's stock, valued at approximately $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 477,228 shares of company stock valued at $166,849,043 over the last ninety days. Corporate insiders own 20.70% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on TSLA shares. Barclays boosted their target price on Tesla from $270.00 to $325.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a research note on Friday. Roth Capital upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Cantor Fitzgerald raised Tesla from a "neutral" rating to an "overweight" rating and set a $425.00 price objective on the stock in a report on Wednesday, March 19th. Finally, Wedbush reiterated an "outperform" rating and issued a $550.00 target price on shares of Tesla in a research report on Thursday. Nine analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $318.34.

Tesla Stock Down 3.5 %

TSLA traded down $9.58 during trading on Friday, hitting $263.55. 123,100,723 shares of the company's stock were exchanged, compared to its average volume of 93,218,015. The stock has a market cap of $847.71 billion, a P/E ratio of 129.19, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The business's 50 day moving average is $321.33 and its two-hundred day moving average is $322.34. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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 net margin of 7.26% and a return on equity of 10.31%. As a group, equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.