Hansen & Associates Financial Group Inc. Increases Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Hansen & Associates Financial Group Inc. boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,492 shares of the electric vehicle producer's stock after purchasing an additional 1,046 shares during the period. Tesla accounts for about 2.3% of Hansen & Associates Financial Group Inc.'s investment portfolio, making the stock its 9th biggest holding. Hansen & Associates Financial Group Inc.'s holdings in Tesla were worth $4,529,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TSLA. Geode Capital Management LLC grew its holdings in Tesla by 1.8% during the third quarter. Geode Capital Management LLC now owns 59,356,401 shares of the electric vehicle producer's stock worth $15,469,792,000 after purchasing an additional 1,022,589 shares during the period. FMR LLC boosted its stake in shares of Tesla by 3.5% during the 3rd quarter. FMR LLC now owns 24,741,075 shares of the electric vehicle producer's stock worth $6,473,008,000 after acquiring an additional 828,308 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Tesla by 13.7% during 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 acquiring an additional 2,946,763 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Tesla by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,545,824 shares of the electric vehicle producer's stock valued at $4,328,884,000 after acquiring an additional 301,968 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Tesla by 11.9% during the 3rd quarter. Jennison Associates LLC now owns 12,201,212 shares of the electric vehicle producer's stock valued at $3,192,203,000 after purchasing an additional 1,294,093 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Monday, November 11th. The shares were sold at an average price of $350.00, for a total value of $1,400,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at $36,761,200. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company's stock, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 553,386 shares of company stock valued at $196,305,796 in the last quarter. Company insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective on the stock in a research report on Monday, January 6th. Barclays raised their price objective on shares of Tesla from $270.00 to $325.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 15th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $365.00 target price on shares of Tesla in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price target on Tesla from $130.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, October 24th. Finally, Guggenheim reiterated a "sell" rating and set a $175.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus target price of $318.31.

Tesla Trading Down 2.1 %

Shares of NASDAQ:TSLA traded down $8.07 on Wednesday, reaching $384.14. 25,566,358 shares of the company traded hands, compared to its average volume of 73,282,430. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The business's 50-day simple moving average is $406.20 and its 200 day simple moving average is $301.73. The stock has a market capitalization of $1.24 trillion, a P/E ratio of 188.06, a price-to-earnings-growth ratio of 6.79 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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 net margin of 7.26% and a return on equity of 10.31%. As a group, equities analysts anticipate that Tesla, Inc. will post 2.82 EPS 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.