Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Strategic Advisors LLC

Strategic Advisors LLC grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,437 shares of the electric vehicle producer's stock after acquiring an additional 735 shares during the period. Tesla accounts for approximately 1.5% of Strategic Advisors LLC's investment portfolio, making the stock its 16th biggest position. Strategic Advisors LLC's holdings in Tesla were worth $8,253,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Hengehold Capital Management LLC boosted its stake in shares of Tesla by 1.8% during the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after purchasing an additional 24 shares in the last quarter. Strategic Investment Advisors MI lifted its holdings in Tesla by 0.3% in 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 during the period. Acropolis Investment Management LLC boosted its position in Tesla by 0.9% during the 4th 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 in the last quarter. Mount Vernon Associates Inc. MD grew its holdings in shares of Tesla by 0.3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after acquiring an additional 25 shares during the period. Finally, Vista Finance LLC raised 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 in the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on TSLA. New Street Research upgraded 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. Stifel Nicolaus lowered their price target on shares of Tesla from $492.00 to $474.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Jefferies Financial Group upped their price objective on shares of Tesla from $195.00 to $300.00 and gave the stock a "hold" rating in a report on Thursday, November 14th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Monday, February 10th. Finally, Roth Capital raised shares of Tesla from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tesla has an average rating of "Hold" and a consensus target price of $326.50.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the transaction, the director now owns 85,000 shares in the company, valued at $30,095,100. The trade was a 56.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 523,386 shares of company stock valued at $195,995,200 over the last ninety days. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Performance

TSLA traded down $16.60 during trading on Friday, reaching $337.80. 73,720,762 shares of the company's stock were exchanged, compared to its average volume of 75,434,742. The stock has a market capitalization of $1.09 trillion, a P/E ratio of 165.59, a price-to-earnings-growth ratio of 5.97 and a beta of 2.34. The company's fifty day simple moving average is $402.14 and its 200-day simple moving average is $311.43. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

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

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.