PFW Advisors LLC Buys New Shares in Tesla, Inc. (NASDAQ:TSLA)

PFW Advisors LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,052 shares of the electric vehicle producer’s stock, valued at approximately $829,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. Courier Capital LLC raised its position in shares of Tesla by 395.4% during the fourth quarter. Courier Capital LLC now owns 4,954 shares of the electric vehicle producer’s stock valued at $2,001,000 after buying an additional 3,954 shares during the last quarter. Parisi Gray Wealth Management increased its holdings in Tesla by 2.0% in the 4th quarter. Parisi Gray Wealth Management now owns 10,989 shares of the electric vehicle producer’s stock valued at $4,438,000 after acquiring an additional 211 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in Tesla by 86.2% in the 4th quarter. Pallas Capital Advisors LLC now owns 6,437 shares of the electric vehicle producer’s stock worth $2,600,000 after purchasing an additional 2,980 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Tesla by 47.5% during the 4th quarter. Miracle Mile Advisors LLC now owns 36,819 shares of the electric vehicle producer’s stock valued at $14,869,000 after purchasing an additional 11,865 shares during the last quarter. Finally, Northstar Advisory Group LLC grew its position in shares of Tesla by 5.2% during the fourth quarter. Northstar Advisory Group LLC now owns 7,293 shares of the electric vehicle producer’s stock valued at $2,945,000 after purchasing an additional 362 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Performance

Shares of Tesla stock opened at $403.31 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average price is $379.81 and its 200-day moving average price is $283.29. The firm has a market cap of $1.29 trillion, a P/E ratio of 110.50, a P/E/G 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.

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

Analysts Set New Price Targets

TSLA has been the subject of a number of research reports. Jefferies Financial Group increased their price target on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price for the company in a report on Monday, January 6th. The Goldman Sachs Group upped their price target on shares of Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Glj Research reissued a “sell” rating and issued a $24.86 price objective on shares of Tesla in a research note on Friday, January 3rd. Finally, Canaccord Genuity Group upped their target price on shares of Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $296.60.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at $1,868,508. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 621,886 shares of company stock worth $213,451,751 over the last 90 days. Company insiders own 20.70% of the company’s stock.

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.