Tilia Fiduciary Partners Inc. Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Tilia Fiduciary Partners Inc. bought a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, HoldingsChannel reports. The firm bought 543 shares of the electric vehicle producer’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in shares of Tesla during the third quarter valued at approximately $29,000. Clean Yield Group increased its position in shares of Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after purchasing an additional 48 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Valley Wealth Managers Inc. purchased a new position in Tesla in the 2nd quarter valued at $26,000. Finally, Peterson Financial Group Inc. acquired a new stake in Tesla during the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $314.44, for a total value of $35,339,911.60. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. This represents a 56.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 621,886 shares of company stock valued at $213,451,751 over the last quarter. 20.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on TSLA. HSBC reissued a “reduce” rating and issued a $124.00 price target on shares of Tesla in a research note on Friday, October 11th. JPMorgan Chase & Co. raised their target price on shares of Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Mizuho upgraded Tesla from a “neutral” rating to an “outperform” rating and upped their price target for the company from $230.00 to $515.00 in a research report on Tuesday, December 17th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, October 24th. Finally, Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Nine investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $295.69.

Tesla Stock Down 0.1 %

Shares of TSLA traded down $0.20 during mid-day trading on Friday, reaching $394.74. The company’s stock had a trading volume of 61,427,888 shares, compared to its average volume of 82,911,898. The stock has a market cap of $1.27 trillion, a PE ratio of 108.15, a price-to-earnings-growth ratio of 10.80 and a beta of 2.30. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The company’s 50 day moving average is $373.68 and its 200 day moving average is $279.12.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. Equities analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

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.