Barber Financial Group Inc. purchased a new stake in Tesla Inc (NASDAQ:TSLA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 627 shares of the electric vehicle producer’s stock, valued at approximately $209,000.

Several other large investors have also recently added to or reduced their stakes in the company. Dowling & Yahnke LLC acquired a new stake in Tesla during the fourth quarter worth $474,000. Lenox Wealth Management Inc. boosted its stake in Tesla by 65.6% during the fourth quarter. Lenox Wealth Management Inc. now owns 159 shares of the electric vehicle producer’s stock worth $53,000 after buying an additional 63 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in Tesla by 9.6% during the fourth quarter. IFM Investors Pty Ltd now owns 7,429 shares of the electric vehicle producer’s stock worth $2,472,000 after buying an additional 652 shares in the last quarter. Strs Ohio boosted its stake in Tesla by 2.0% during the fourth quarter. Strs Ohio now owns 63,738 shares of the electric vehicle producer’s stock worth $21,212,000 after buying an additional 1,261 shares in the last quarter. Finally, Clean Yield Group acquired a new stake in Tesla during the fourth quarter worth $36,000. 59.28% of the stock is currently owned by institutional investors.

TSLA has been the topic of a number of recent research reports. Oppenheimer reiterated a “buy” rating and set a $385.00 price target on shares of Tesla in a research note on Monday, October 1st. Berenberg Bank reiterated a “buy” rating and set a $500.00 price target on shares of Tesla in a research note on Wednesday, October 3rd. Cascend Securities upgraded shares of Tesla from a “sell” rating to a “buy” rating and set a $400.00 price target on the stock in a research note on Thursday, October 25th. JMP Securities restated a “buy” rating and issued a $412.00 target price on shares of Tesla in a research note on Thursday, October 25th. Finally, ValuEngine upgraded shares of Tesla from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Thirteen investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company. Tesla presently has a consensus rating of “Hold” and a consensus target price of $323.95.

In related news, insider Jerome M. Guillen sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $338.26, for a total transaction of $338,260.00. Following the transaction, the insider now owns 8,598 shares in the company, valued at approximately $2,908,359.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Elon Musk purchased 29,844 shares of Tesla stock in a transaction that occurred on Monday, October 29th. The shares were bought at an average price of $334.98 per share, for a total transaction of $9,997,143.12. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 81,370 shares of company stock worth $27,278,938. 22.80% of the stock is owned by corporate insiders.

Shares of NASDAQ TSLA opened at $291.51 on Friday. The stock has a market cap of $51.33 billion, a P/E ratio of -25.39, a P/E/G ratio of 4.58 and a beta of 0.57. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.47 and a current ratio of 0.81. Tesla Inc has a 12-month low of $244.59 and a 12-month high of $387.46.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.77) by $4.67. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $5.67 billion. Tesla had a negative net margin of 10.22% and a negative return on equity of 34.27%. On average, sell-side analysts forecast that Tesla Inc will post -5.21 earnings per share for the current fiscal year.

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Tesla Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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