Mather Group LLC. Purchases 6,854 Shares of Tesla, Inc. (NASDAQ:TSLA)

Mather Group LLC. boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 69.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,709 shares of the electric vehicle producer’s stock after buying an additional 6,854 shares during the period. Mather Group LLC.’s holdings in Tesla were worth $4,152,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Wyrmwood Management LLC bought a new position in shares of Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. purchased a new stake in Tesla in the 4th quarter valued at $25,000. Mendota Financial Group LLC boosted its holdings in Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares during the last quarter. Kathleen S. Wright Associates Inc. grew its stake in shares of Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Finally, Cordant Inc. purchased a new stake in shares of Tesla in the third quarter valued at about $53,000. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. HSBC cut their price target on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a report on Wednesday, April 24th. Redburn Atlantic assumed coverage on Tesla in a report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 target price for the company. Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Bank of America upgraded 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, April 24th. Finally, Daiwa Capital Markets cut Tesla from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $245.00 to $195.00 in a research note on Tuesday, February 6th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $184.32.

Insiders Place Their Bets

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. 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 three months. 20.90% of the stock is currently owned by corporate insiders.

Tesla Trading Up 15.3 %

Shares of Tesla stock opened at $194.05 on Tuesday. The company’s 50-day moving average price is $174.92 and its 200-day moving average price is $206.77. The company has a market cap of $618.86 billion, a price-to-earnings ratio of 49.50, a PEG ratio of 4.45 and a beta of 2.40. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04.

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.