Stifel Financial Corp Has $222.49 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Stifel Financial Corp raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 550,925 shares of the electric vehicle producer's stock after buying an additional 34,527 shares during the quarter. Stifel Financial Corp's holdings in Tesla were worth $222,486,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Hengehold Capital Management LLC grew its position in Tesla by 1.8% in the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock worth $544,000 after purchasing an additional 24 shares during the last quarter. Strategic Investment Advisors MI grew its position in Tesla by 0.3% during the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock worth $2,823,000 after buying an additional 24 shares in the last quarter. Acropolis Investment Management LLC increased its stake in Tesla by 0.9% during the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after acquiring an additional 25 shares during the period. Mount Vernon Associates Inc. MD raised its holdings in Tesla by 0.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock valued at $2,950,000 after acquiring an additional 25 shares in the last quarter. Finally, Vista Finance LLC lifted its position in shares of Tesla by 0.7% in the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after acquiring an additional 25 shares during the period. 66.20% of the stock is owned by institutional investors.

Insider Activity at Tesla

In other Tesla news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the transaction, the director now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $383.11, for a total value of $2,681,770.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $41,745,581.15. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 374,228 shares of company stock valued at $123,791,123 in the last quarter. Insiders own 20.70% of the company's stock.

Analyst Ratings Changes

TSLA has been the topic of a number of research reports. Wedbush restated an "outperform" rating and set a $350.00 price objective (up from $315.00) on shares of Tesla in a research report on Tuesday. Wells Fargo & Company cut their price target on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Canaccord Genuity Group lowered their target price on shares of Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a report on Wednesday. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Wednesday. Finally, Guggenheim decreased their price target on Tesla from $175.00 to $170.00 and set a "sell" rating on the stock in a research report on Wednesday, March 12th. Ten investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Tesla has a consensus rating of "Hold" and a consensus target price of $283.24.

Tesla Stock Performance

Shares of NASDAQ TSLA traded up $13.10 during mid-day trading on Wednesday, reaching $251.07. 149,563,812 shares of the company were exchanged, compared to its average volume of 96,201,924. The stock has a market capitalization of $807.56 billion, a P/E ratio of 123.07, a P/E/G ratio of 5.86 and a beta of 2.58. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The company's 50-day simple moving average is $269.39 and its 200-day simple moving average is $322.54. Tesla, Inc. has a twelve month low of $157.51 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The business had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter last year, the firm earned $0.45 EPS. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share 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.