Strengthening Families & Communities LLC Purchases 894 Shares of Tesla, Inc. (NASDAQ:TSLA)

Strengthening Families & Communities LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,290 shares of the electric vehicle producer's stock after purchasing an additional 894 shares during the quarter. Tesla makes up about 3.0% of Strengthening Families & Communities LLC's holdings, making the stock its 7th biggest position. Strengthening Families & Communities LLC's holdings in Tesla were worth $5,367,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Transcendent Capital Group LLC acquired a new position in Tesla in the 3rd quarter valued at $29,000. Peterson Financial Group Inc. acquired a new position in Tesla in the 3rd quarter valued at $35,000. Finley Financial LLC acquired a new position in Tesla in the 4th quarter valued at $64,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Tesla by 692.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock valued at $56,000 after buying an additional 187 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in Tesla in the 4th quarter valued at $91,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TSLA. Morgan Stanley raised their target price on shares of Tesla from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Royal Bank of Canada reiterated an "outperform" rating and issued a $440.00 target price on shares of Tesla in a research note on Thursday, January 30th. Canaccord Genuity Group raised their target price on shares of Tesla from $298.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Barclays increased their price target on shares of Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Monday, February 10th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $326.50.

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Insider Buying and Selling

In other Tesla news, 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 value of $2,481,010.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company's stock, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $30,095,100. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 523,386 shares of company stock valued at $195,995,200 in the last 90 days. 20.70% of the stock is owned by insiders.

Tesla Trading Down 0.3 %

Tesla stock traded down $1.20 during midday trading on Tuesday, hitting $354.65. 27,747,998 shares of the stock were exchanged, compared to its average volume of 75,893,945. The company has a fifty day simple moving average of $405.64 and a two-hundred day simple moving average of $309.75. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The stock has a market capitalization of $1.14 trillion, a PE ratio of 173.83, a P/E/G ratio of 6.22 and a beta of 2.34. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Equities research analysts anticipate that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

About Tesla

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.