PFW Advisors LLC Purchases New Shares in Tesla, Inc. (NASDAQ:TSLA)

PFW Advisors LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,052 shares of the electric vehicle producer's stock, valued at approximately $829,000.

Several other institutional investors also recently modified their holdings of the business. Courier Capital LLC grew its position in shares of Tesla by 395.4% during the 4th quarter. Courier Capital LLC now owns 4,954 shares of the electric vehicle producer's stock worth $2,001,000 after buying an additional 3,954 shares during the period. Parisi Gray Wealth Management grew its position in shares of Tesla by 2.0% during the 4th quarter. Parisi Gray Wealth Management now owns 10,989 shares of the electric vehicle producer's stock worth $4,438,000 after buying an additional 211 shares during the period. Pallas Capital Advisors LLC grew its position in shares of Tesla by 86.2% during the 4th quarter. Pallas Capital Advisors LLC now owns 6,437 shares of the electric vehicle producer's stock worth $2,600,000 after buying an additional 2,980 shares during the period. Miracle Mile Advisors LLC grew its holdings in Tesla by 47.5% during the fourth quarter. Miracle Mile Advisors LLC now owns 36,819 shares of the electric vehicle producer's stock valued at $14,869,000 after purchasing an additional 11,865 shares during the period. Finally, Northstar Advisory Group LLC grew its holdings in Tesla by 5.2% during the fourth quarter. Northstar Advisory Group LLC now owns 7,293 shares of the electric vehicle producer's stock valued at $2,945,000 after purchasing an additional 362 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Performance

NASDAQ TSLA traded down $6.95 on Tuesday, hitting $396.36. 83,986,800 shares of the stock were exchanged, compared to its average volume of 81,639,867. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The business's fifty day moving average is $382.71 and its 200 day moving average is $284.69. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a market capitalization of $1.27 trillion, a PE ratio of 108.59, a P/E/G ratio of 10.80 and a beta of 2.30.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company's quarterly revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kimbal Musk sold 60,500 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the transaction, the director now directly owns 1,563,220 shares in the company, valued at $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 621,886 shares of company stock worth $213,451,751 over the last ninety days. Insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TSLA shares. New Street Research upgraded shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective for the company in a report on Monday, January 6th. Phillip Securities cut shares of Tesla from a "moderate sell" rating to a "strong sell" rating in a report on Wednesday, November 13th. Cantor Fitzgerald boosted their price objective on shares of Tesla from $255.00 to $365.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Mizuho upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $230.00 to $515.00 in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Tesla from $130.00 to $135.00 and gave the company an "underweight" rating in a report on Thursday, October 24th. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $296.60.

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.