Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Ethos Financial Group LLC

Ethos Financial Group LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 331.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,986 shares of the electric vehicle producer’s stock after purchasing an additional 3,830 shares during the quarter. Ethos Financial Group LLC’s holdings in Tesla were worth $2,014,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Transcendent Capital Group LLC purchased a new position in Tesla in the third quarter valued at $29,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Tesla in the fourth quarter valued at approximately $46,000. PayPay Securities Corp raised its stake in Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after acquiring an additional 69 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of Tesla in the 3rd quarter valued at about $35,000. Finally, Finley Financial LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $64,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

Shares of TSLA opened at $263.45 on Friday. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The firm has a market capitalization of $847.39 billion, a price-to-earnings ratio of 129.14, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The stock’s fifty day moving average is $371.15 and its 200-day moving average is $317.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last posted 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 return on equity of 10.31% and a net margin of 7.26%. Equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the transaction, the director now owns 85,000 shares in the company, valued at $32,643,400. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 422,452 shares of company stock worth $153,659,530. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the topic of several analyst reports. Barclays lifted their target price on Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Monday, February 10th. Cantor Fitzgerald restated a “neutral” rating and set a $365.00 target price on shares of Tesla in a research report on Wednesday, January 29th. Wedbush reaffirmed an “outperform” rating on shares of Tesla in a research note on Friday. Finally, Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $313.15.

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.