Nvest Financial LLC Takes Position in Tesla, Inc. (NASDAQ:TSLA)

Nvest Financial LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,301 shares of the electric vehicle producer's stock, valued at approximately $525,000.

Other hedge funds also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Tesla in the 3rd quarter valued at $29,000. Clean Yield Group grew its holdings in shares of Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after purchasing an additional 48 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in Tesla during the 3rd quarter valued at $35,000. Quarry LP purchased a new position in shares of Tesla in the second quarter valued at about $48,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake 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 acquiring an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Tesla from $411.00 to $492.00 and gave the company a "buy" rating in a report on Monday, January 6th. Truist Financial boosted their price objective on shares of Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a research report on Thursday. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 target price for the company in a research report on Monday, January 6th. Canaccord Genuity Group boosted their price target on shares of Tesla from $254.00 to $278.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Wedbush raised their price objective on shares of Tesla from $515.00 to $550.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Nine equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $318.31.

Tesla Stock Performance

Shares of TSLA stock opened at $404.60 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $404.22 and a 200-day moving average price of $299.05. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The firm has a market capitalization of $1.30 trillion, a PE ratio of 198.33, a P/E/G ratio of 8.08 and a beta of 2.30.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its 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 net margin of 7.26% and a return on equity of 10.54%. As a group, equities research analysts expect that Tesla, Inc. will post 2.82 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value 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. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business's 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 sale, the director now directly owns 85,000 shares of the company's stock, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 553,386 shares of company stock valued at $196,305,796. 20.70% of the stock is owned by company insiders.

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.

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