RFG Bristol Wealth Advisors LLC Invests $691,000 in Tesla, Inc. (NASDAQ:TSLA)

RFG Bristol Wealth Advisors LLC bought 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 fund bought 1,712 shares of the electric vehicle producer's stock, valued at approximately $691,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Tesla by 5.6% during 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 acquiring an additional 194,796 shares during the period. United Bank acquired a new stake in Tesla during the 3rd quarter worth approximately $287,000. Quantbot Technologies LP purchased a new position in Tesla in the third quarter valued at approximately $687,000. Benjamin Edwards Inc. grew its stake in Tesla by 95.6% during the third quarter. Benjamin Edwards Inc. now owns 41,766 shares of the electric vehicle producer's stock worth $10,927,000 after buying an additional 20,418 shares during the period. Finally, Community Bank N.A. increased its position in shares of Tesla by 4.4% in the third quarter. Community Bank N.A. now owns 908 shares of the electric vehicle producer's stock worth $238,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company's stock, valued at approximately $2,222,802. This represents a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now owns 108,965 shares in the company, valued at $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 477,228 shares of company stock valued at $166,849,043 in the last quarter. Corporate insiders own 20.70% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of brokerages recently weighed in on TSLA. Guggenheim decreased their price target on shares of Tesla from $175.00 to $170.00 and set a "sell" rating for the company in a research report on Wednesday, March 12th. TD Cowen upgraded Tesla from a "hold" rating to a "buy" rating and increased their target price for the company from $180.00 to $388.00 in a research note on Friday, March 7th. Benchmark started coverage on Tesla in a research report on Wednesday, February 12th. They set a "buy" rating and a $475.00 price target on the stock. Bank of America dropped their price objective on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Finally, New Street Research upgraded shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 target price for the company in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Tesla presently has an average rating of "Hold" and a consensus target price of $317.75.

Tesla Stock Performance

Shares of Tesla stock traded up $14.30 during trading on Wednesday, hitting $282.76. 208,761,633 shares of the stock were exchanged, compared to its average volume of 94,020,294. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The stock's fifty day moving average is $312.22 and its 200 day moving average is $323.20. The stock has a market cap of $909.50 billion, a PE ratio of 138.61, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 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 10.31%. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current 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.