Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Paragon Financial Partners Inc.

Paragon Financial Partners Inc. grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 71.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,313 shares of the electric vehicle producer's stock after purchasing an additional 963 shares during the quarter. Tesla comprises about 0.7% of Paragon Financial Partners Inc.'s portfolio, making the stock its 26th biggest holding. Paragon Financial Partners Inc.'s holdings in Tesla were worth $934,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kelleher Financial Advisors lifted its stake in Tesla by 19.0% in the 4th quarter. Kelleher Financial Advisors now owns 5,121 shares of the electric vehicle producer's stock valued at $2,068,000 after purchasing an additional 819 shares during the last quarter. Dupont Capital Management Corp lifted its position in shares of Tesla by 107.8% in the fourth quarter. Dupont Capital Management Corp now owns 33,831 shares of the electric vehicle producer's stock valued at $13,662,000 after buying an additional 17,547 shares during the last quarter. Park Place Capital Corp boosted its stake in shares of Tesla by 297.1% during the 4th quarter. Park Place Capital Corp now owns 2,025 shares of the electric vehicle producer's stock worth $818,000 after acquiring an additional 1,515 shares during the period. Finley Financial LLC bought a new stake in Tesla in the 4th quarter valued at $64,000. Finally, Melfa Wealth Management Inc. acquired a new stake in Tesla during the 4th quarter valued at $540,000. Institutional investors own 66.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Tesla from $197.00 to $226.00 and gave the company a "sell" rating in a research report on Monday, November 25th. The Goldman Sachs Group raised 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. Barclays upped their target price on Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 15th. Canaccord Genuity Group lifted their price target on Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, New Street Research raised Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective on the stock in a report on Monday, January 6th. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Tesla presently has a consensus rating of "Hold" and an average price target of $313.84.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now owns 105,032 shares of the company's stock, valued at approximately $26,442,856.32. This represents a 3.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 60,500 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the sale, the director now owns 1,563,220 shares of the company's stock, valued at $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 617,886 shares of company stock valued at $212,451,751 over the last three months. 20.70% of the stock is owned by company insiders.

Tesla Price Performance

NASDAQ:TSLA traded down $5.80 on Friday, reaching $406.58. 56,102,963 shares of the company's stock traded hands, compared to its average volume of 67,394,624. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.31 trillion, a PE ratio of 111.39, a P/E/G ratio of 8.42 and a beta of 2.30. The stock has a 50-day simple moving average of $398.82 and a 200-day simple moving average of $294.03.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating 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 firm had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same period last year, the firm posted $0.53 earnings per share. Tesla's revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts forecast that Tesla, Inc. will post 2.01 earnings per share for the current 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.