Key Financial Inc Has $907,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Key Financial Inc increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 102.2% in the 4th quarter, HoldingsChannel reports. The firm owned 3,650 shares of the electric vehicle producer’s stock after acquiring an additional 1,845 shares during the period. Key Financial Inc’s holdings in Tesla were worth $907,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TSLA. Axiom Financial Strategies LLC grew its stake in Tesla by 9.8% during the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after purchasing an additional 81 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Tesla by 19.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after purchasing an additional 164,789 shares in the last quarter. MAS Advisors LLC lifted its holdings in shares of Tesla by 25.7% in the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after purchasing an additional 81 shares in the last quarter. Ergoteles LLC lifted its holdings in shares of Tesla by 33.4% in the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock valued at $3,844,000 after purchasing an additional 893 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Tesla by 6.8% in the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock valued at $77,767,000 after purchasing an additional 4,593 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock valued at $38,802,534 over the last 90 days. Insiders own 20.90% of the company’s stock.

Tesla Price Performance

NASDAQ:TSLA traded down $1.66 during trading hours on Wednesday, hitting $155.45. 81,894,508 shares of the company’s stock traded hands, compared to its average volume of 101,917,313. The firm has a market cap of $495.08 billion, a P/E ratio of 36.38, a P/E/G ratio of 4.25 and a beta of 2.39. Tesla, Inc. has a 52 week low of $152.37 and a 52 week high of $299.29. The business’s fifty day simple moving average is $180.88 and its two-hundred day simple moving average is $213.04. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. Tesla’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 EPS. On average, research analysts anticipate that Tesla, Inc. will post 1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Piper Sandler dropped their target price on Tesla from $225.00 to $205.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Barclays dropped their price target on Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday. Wedbush dropped their price target on Tesla from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $298.00 price target on shares of Tesla in a report on Wednesday, March 27th. Ten research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $197.15.

Tesla Company 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.