Tesla, Inc. (NASDAQ:TSLA) Holdings Lifted by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 115.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,537 shares of the electric vehicle producer’s stock after acquiring an additional 2,436 shares during the quarter. Tesla accounts for about 0.9% of Genesee Capital Advisors LLC’s portfolio, making the stock its 29th biggest holding. Genesee Capital Advisors LLC’s holdings in Tesla were worth $1,832,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TSLA. Denver Wealth Management Inc. grew its position in Tesla by 5.0% in the fourth quarter. Denver Wealth Management Inc. now owns 929 shares of the electric vehicle producer’s stock worth $375,000 after buying an additional 44 shares during the last quarter. BSW Wealth Partners boosted its stake in shares of Tesla by 14.4% during the 4th quarter. BSW Wealth Partners now owns 3,659 shares of the electric vehicle producer’s stock worth $1,478,000 after acquiring an additional 461 shares in the last quarter. Spectrum Planning & Advisory Services Inc. grew its holdings in shares of Tesla by 4.4% in the 4th quarter. Spectrum Planning & Advisory Services Inc. now owns 1,065 shares of the electric vehicle producer’s stock worth $430,000 after acquiring an additional 45 shares during the last quarter. Falcon Wealth Planning lifted its holdings in shares of Tesla by 142.9% during the fourth quarter. Falcon Wealth Planning now owns 22,827 shares of the electric vehicle producer’s stock valued at $9,218,000 after purchasing an additional 13,429 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in shares of Tesla by 26.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 12,721 shares of the electric vehicle producer’s stock valued at $5,137,000 after purchasing an additional 2,638 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the sale, the chief financial officer now owns 108,965 shares in the company, valued at $40,775,792.65. The trade was a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 553,386 shares of company stock valued at $196,305,796. 20.70% of the stock is owned by corporate insiders.

Tesla Price Performance

NASDAQ:TSLA opened at $404.60 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a fifty day moving average price of $403.18 and a 200 day moving average price of $297.99. The stock has a market cap of $1.30 trillion, a P/E ratio of 198.33, a PEG ratio of 8.08 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.54%. Analysts anticipate that Tesla, Inc. will post 2.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on TSLA shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Mizuho reaffirmed an “outperform” rating and issued a $515.00 price objective on shares of Tesla in a research note on Thursday. Royal Bank of Canada reissued an “outperform” rating and set a $440.00 target price on shares of Tesla in a research note on Thursday. Stifel Nicolaus raised their target price on Tesla from $411.00 to $492.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, UBS Group upped their price target on Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a research report on Thursday. Nine analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $318.31.

About Tesla

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.