West Financial Advisors LLC Raises Stock Position in Tesla, Inc. (NASDAQ:TSLA)

West Financial Advisors LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 466.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,275 shares of the electric vehicle producer's stock after acquiring an additional 1,050 shares during the period. West Financial Advisors LLC's holdings in Tesla were worth $515,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in shares of Tesla by 35,611.2% in the third quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock worth $2,892,160,000 after buying an additional 11,023,436 shares during the last quarter. Clean Energy Transition LLP boosted its stake in shares of Tesla by 347.7% during the 2nd quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer's stock worth $953,505,000 after acquiring an additional 6,764,300 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Tesla by 194.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,486,739 shares of the electric vehicle producer's stock valued at $2,215,765,000 after acquiring an additional 3,624,910 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Tesla by 13.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock worth $6,377,970,000 after purchasing an additional 2,946,763 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Tesla by 52.0% in the third quarter. Wellington Management Group LLP now owns 7,344,526 shares of the electric vehicle producer's stock worth $1,921,548,000 after buying an additional 2,511,488 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Activity at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the transaction, the director now directly owns 1,563,220 shares of the company's stock, valued at $391,164,540.60. The trade was a 3.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 621,886 shares of company stock valued at $213,451,751 in the last ninety days. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Up 3.1 %

Shares of NASDAQ:TSLA traded up $12.68 on Friday, reaching $426.50. The company had a trading volume of 93,977,636 shares, compared to its average volume of 81,547,086. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.37 trillion, a PE ratio of 116.85, a PEG ratio of 6.53 and a beta of 2.30. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The firm's 50 day simple moving average is $387.84 and its 200-day simple moving average is $286.58.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The firm's revenue was up 7.8% on a year-over-year basis. As a group, analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on TSLA. Barclays increased their target price on shares of Tesla from $270.00 to $325.00 and gave the stock an "equal weight" rating in a report on Wednesday. Morgan Stanley boosted their price objective on Tesla from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Monday. KGI Securities raised Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 target price on the stock in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price target on Tesla from $250.00 to $345.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised their price objective on Tesla from $130.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $299.33.

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.