Northstar Advisory Group LLC Grows Stock Holdings in Tesla, Inc. $TSLA

Northstar Advisory Group LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 21.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,783 shares of the electric vehicle producer’s stock after acquiring an additional 1,940 shares during the period. Tesla comprises approximately 1.7% of Northstar Advisory Group LLC’s holdings, making the stock its 15th biggest holding. Northstar Advisory Group LLC’s holdings in Tesla were worth $4,849,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Relyea Zuckerberg Hanson LLC lifted its stake in shares of Tesla by 0.4% in the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock worth $2,916,000 after acquiring an additional 23 shares in the last quarter. Equita Financial Network Inc. increased its holdings in Tesla by 2.8% during the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock worth $380,000 after purchasing an additional 23 shares during the last quarter. VanderPol Investments L.L.C. increased its holdings in Tesla by 2.2% during the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after purchasing an additional 23 shares during the last quarter. Resonant Capital Advisors LLC raised its position in shares of Tesla by 0.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock valued at $3,814,000 after purchasing an additional 23 shares in the last quarter. Finally, Cloud Capital Management LLC raised its position in shares of Tesla by 1.1% in the 3rd quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TSLA. William Blair restated a “market perform” rating on shares of Tesla in a research note on Friday, January 2nd. JPMorgan Chase & Co. dropped their target price on shares of Tesla from $150.00 to $145.00 and set an “underweight” rating for the company in a research report on Friday, January 30th. CICC Research upped their target price on shares of Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. President Capital reduced their price target on shares of Tesla from $517.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $405.00 price objective on shares of Tesla in a report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $406.84.

View Our Latest Stock Report on TSLA

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $355.28 on Tuesday. The company has a market cap of $1.33 trillion, a PE ratio of 328.96, a P/E/G ratio of 10.71 and a beta of 1.89. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The firm has a 50-day simple moving average of $406.56 and a 200 day simple moving average of $428.82. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The firm had revenue of $24.90 billion for the quarter, compared to analysts’ expectations of $24.75 billion. During the same quarter last year, the company posted $0.73 earnings per share. Tesla’s revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares in the company, valued at $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 87,995 shares of company stock valued at $38,315,650 in the last three months. 19.90% of the stock is currently owned by corporate insiders.

About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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