JBR Co Financial Management Inc Has $1.90 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

JBR Co Financial Management Inc lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,692 shares of the electric vehicle producer’s stock after selling 528 shares during the quarter. Tesla comprises about 1.2% of JBR Co Financial Management Inc’s investment portfolio, making the stock its 22nd largest position. JBR Co Financial Management Inc’s holdings in Tesla were worth $1,895,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its stake in Tesla by 2.8% in the fourth quarter. First Horizon Advisors Inc. now owns 12,685 shares of the electric vehicle producer’s stock valued at $5,123,000 after buying an additional 345 shares during the period. Pinnacle Financial Partners Inc lifted its stake in Tesla by 1.5% in the fourth quarter. Pinnacle Financial Partners Inc now owns 4,360 shares of the electric vehicle producer’s stock valued at $1,611,000 after buying an additional 63 shares during the period. Sigma Planning Corp lifted its stake in Tesla by 8.9% in the fourth quarter. Sigma Planning Corp now owns 44,354 shares of the electric vehicle producer’s stock valued at $17,912,000 after buying an additional 3,622 shares during the period. Callan Capital LLC lifted its stake in Tesla by 2.6% in the fourth quarter. Callan Capital LLC now owns 19,056 shares of the electric vehicle producer’s stock valued at $7,696,000 after buying an additional 479 shares during the period. Finally, Thompson Davis & CO. Inc. lifted its stake in Tesla by 32.2% in the fourth quarter. Thompson Davis & CO. Inc. now owns 1,368 shares of the electric vehicle producer’s stock valued at $552,000 after buying an additional 333 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TSLA shares. Wedbush set a $328.50 target price on Tesla in a research note on Wednesday, February 12th. Jefferies Financial Group raised their price target on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Wells Fargo & Company raised their price target on Tesla from $125.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, January 30th. Benchmark initiated coverage on Tesla in a research report on Wednesday, February 12th. They set a “buy” rating and a $475.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed a “mixed” rating on shares of Tesla in a research report on Saturday, February 8th. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $319.57.

Tesla Stock Performance

TSLA opened at $330.53 on Tuesday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The stock has a market cap of $1.06 trillion, a price-to-earnings ratio of 162.03, a PEG ratio of 5.86 and a beta of 2.34. The business has a 50 day moving average of $397.52 and a 200-day moving average of $314.96. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (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 10.31%. On average, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity

In related news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 523,386 shares of company stock valued at $195,995,200 over the last three months. Insiders own 20.70% of the company’s stock.

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.