14,563 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,563 shares of the electric vehicle producer’s stock, valued at approximately $3,619,000. Tesla comprises 2.3% of Blackston Financial Advisory Group LLC’s holdings, making the stock its 10th largest position.

Several other hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new stake in Tesla in the third quarter worth about $25,000. Wyrmwood Management LLC purchased a new stake in shares of Tesla during the 4th quarter worth approximately $25,000. Alpha Paradigm Partners LLC bought a new stake in shares of Tesla in the 3rd quarter worth approximately $27,000. Halpern Financial Inc. lifted its stake in Tesla by 1,111.1% in the third quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Finally, Perkins Coie Trust Co grew its holdings in Tesla by 72.0% during the third quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 54 shares during the period. Institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TSLA shares. TD Cowen dropped their price target on Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a research report on Thursday, January 25th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research report on Monday. Redburn Atlantic began coverage on shares of Tesla in a research note on Wednesday, January 24th. They issued a “sell” rating and a $170.00 target price for the company. Edward Jones downgraded shares of Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Tesla from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $207.04.

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction 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 $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the firm’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 transaction, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,598 shares of company stock worth $36,952,434. 20.90% of the stock is currently owned by insiders.

Tesla Trading Up 1.2 %

NASDAQ TSLA opened at $179.83 on Thursday. The stock’s 50-day simple moving average is $188.49 and its two-hundred day simple moving average is $222.36. Tesla, Inc. has a twelve month low of $152.37 and a twelve month high of $299.29. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $572.72 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 4.01 and a beta of 2.41.

Tesla (NASDAQ:TSLA) last released its earnings results 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 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter in the previous year, the firm earned $1.07 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts forecast that Tesla, Inc. will post 2.44 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.