KFA Private Wealth Group LLC Grows Stock Position in Tesla, Inc. (NASDAQ:TSLA)

KFA Private Wealth Group LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,776 shares of the electric vehicle producer’s stock after buying an additional 67 shares during the period. KFA Private Wealth Group LLC’s holdings in Tesla were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Opal Wealth Advisors LLC lifted its position in Tesla by 1.0% during the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock worth $1,089,000 after buying an additional 42 shares in the last quarter. Holderness Investments Co. grew its holdings in shares of Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after purchasing an additional 42 shares during the period. SCS Capital Management LLC grew its stake in shares of Tesla by 0.3% in the 3rd quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock valued at $4,224,000 after buying an additional 45 shares during the period. Daymark Wealth Partners LLC lifted its holdings in Tesla by 0.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after acquiring an additional 45 shares during the last quarter. Finally, ML & R Wealth Management LLC raised its position in Tesla by 2.6% in the third quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock valued at $455,000 after purchasing an additional 46 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Down 1.1 %

Shares of NASDAQ TSLA traded down $1.89 during midday trading on Friday, hitting $168.29. 109,309,500 shares of the company’s stock were exchanged, compared to its average volume of 103,386,453. The firm’s fifty day simple moving average is $175.04 and its 200-day simple moving average is $208.00. The company has a market cap of $535.97 billion, a PE ratio of 42.93, a P/E/G ratio of 4.28 and a beta of 2.39. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.25.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 13.18% and a net margin of 14.37%. The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same period in the previous year, the business posted $1.07 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts predict that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Wednesday. HSBC reduced their price target on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research note on Wednesday. Royal Bank of Canada lowered their price objective on shares of Tesla from $294.00 to $293.00 and set an “outperform” rating for the company in a research report on Wednesday. Citigroup boosted their target price on Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Bank of America raised Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research note on Wednesday. Eight equities research 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 presently has a consensus rating of “Hold” and a consensus price target of $186.70.

Insider Buying and Selling

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,631,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the 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 transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock worth $38,802,534 in the last ninety days. 25.10% of the stock is owned by corporate insiders.

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.