Tesla, Inc. (NASDAQ:TSLA) Position Lifted by PFG Investments LLC

PFG Investments LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 131,908 shares of the electric vehicle producer's stock after buying an additional 8,013 shares during the quarter. Tesla comprises 3.3% of PFG Investments LLC's holdings, making the stock its 2nd largest position. PFG Investments LLC's holdings in Tesla were worth $53,270,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Strategic Investment Advisors MI lifted its holdings in shares of 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 purchasing an additional 24 shares during the period. Armbruster Capital Management Inc. purchased a new stake in shares of Tesla in the 4th quarter valued at $235,000. Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of Tesla by 3.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,939 shares of the electric vehicle producer's stock worth $3,206,000 after acquiring an additional 250 shares during the period. Drive Wealth Management LLC lifted its position in Tesla by 10.0% during the fourth quarter. Drive Wealth Management LLC now owns 9,231 shares of the electric vehicle producer's stock valued at $3,728,000 after purchasing an additional 842 shares during the period. Finally, Legacy Financial Group LLC purchased a new stake in Tesla in the fourth quarter valued at $1,263,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company's stock, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,442,856.32. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 617,886 shares of company stock worth $212,451,751. 20.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on TSLA shares. Sanford C. Bernstein reiterated an "underperform" rating and set a $120.00 price target on shares of Tesla in a research report on Thursday, October 3rd. Phillip Securities cut shares of Tesla from a "moderate sell" rating to a "strong sell" rating in a research note on Wednesday, November 13th. Glj Research restated a "sell" rating and set a $24.86 price target on shares of Tesla in a research report on Friday, January 3rd. The Goldman Sachs Group upped their price objective on shares of Tesla from $250.00 to $345.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. Finally, Bank of America lowered Tesla from a "buy" rating to a "neutral" rating and lifted their price target for the company from $400.00 to $490.00 in a research note on Tuesday, January 7th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Tesla currently has an average rating of "Hold" and an average target price of $317.28.

Tesla Trading Up 2.5 %

NASDAQ:TSLA traded up $9.92 on Thursday, reaching $399.02. 58,994,655 shares of the company's stock were exchanged, compared to its average volume of 72,967,914. The business has a fifty day moving average of $401.98 and a 200-day moving average of $297.28. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The firm has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 109.21, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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 10.24% and a net margin of 13.07%. As a group, analysts expect that Tesla, Inc. will post 2.01 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.