Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,776 shares of the electric vehicle producer’s stock after buying an additional 67 shares during the quarter. KFA Private Wealth Group LLC’s holdings in Tesla were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in TSLA. Kovack Advisors Inc. raised its stake in shares of Tesla by 2.2% during the fourth quarter. Kovack Advisors Inc. now owns 26,370 shares of the electric vehicle producer’s stock valued at $6,552,000 after purchasing an additional 578 shares in the last quarter. K.J. Harrison & Partners Inc boosted its holdings in shares of Tesla by 40.0% in the fourth quarter. K.J. Harrison & Partners Inc now owns 17,380 shares of the electric vehicle producer’s stock valued at $4,319,000 after acquiring an additional 4,970 shares in the last quarter. Blodgett Wealth Advisors LLC lifted its position in Tesla by 24.6% in the fourth quarter. Blodgett Wealth Advisors LLC now owns 2,455 shares of the electric vehicle producer’s stock worth $610,000 after purchasing an additional 485 shares during the period. Argonautica Private Wealth Management Inc. raised its stake in shares of Tesla by 0.6% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 10,784 shares of the electric vehicle producer’s stock worth $2,680,000 after buying an additional 63 shares in the last quarter. Finally, Callan Capital LLC boosted its stake in Tesla by 0.9% during the fourth quarter. Callan Capital LLC now owns 7,315 shares of the electric vehicle producer’s stock valued at $1,818,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TSLA shares. Roth Mkm reissued a “neutral” rating and issued a $85.00 price target on shares of Tesla in a report on Wednesday. Royal Bank of Canada decreased their price target on shares of Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a research report on Wednesday. TD Cowen cut their price objective on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research report on Thursday, January 25th. Daiwa Capital Markets lowered Tesla from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $245.00 to $195.00 in a research note on Tuesday, February 6th. Finally, KGI Securities reaffirmed a “neutral” rating and set a $213.00 target price (down from $309.00) on shares of Tesla in a report on Thursday, January 25th. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $186.70.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The disclosure for this sale can be found here. Over the last three months, insiders sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 25.10% of the company’s stock.

Tesla Stock Down 1.1 %

TSLA stock traded down $1.89 during mid-day trading on Friday, hitting $168.29. The stock had a trading volume of 109,309,500 shares, compared to its average volume of 103,386,453. The stock has a market capitalization of $535.97 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 4.28 and a beta of 2.39. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The company has a fifty day moving average of $175.04 and a 200 day moving average of $208.00.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. Tesla’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 earnings per share. On average, equities analysts expect that Tesla, Inc. will post 1.97 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.