TPG Financial Advisors LLC Purchases 893 Shares of Tesla, Inc. (NASDAQ:TSLA)

TPG Financial Advisors LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 92.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,864 shares of the electric vehicle producer’s stock after acquiring an additional 893 shares during the period. TPG Financial Advisors LLC’s holdings in Tesla were worth $753,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Brown Brothers Harriman & Co. lifted its holdings in Tesla by 36.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 10,921 shares of the electric vehicle producer’s stock worth $2,161,000 after purchasing an additional 2,926 shares in the last quarter. One Capital Management LLC lifted its holdings in shares of Tesla by 2.1% in the second quarter. One Capital Management LLC now owns 13,135 shares of the electric vehicle producer’s stock worth $2,599,000 after buying an additional 273 shares in the last quarter. Citizens Financial Group Inc. RI boosted its position in shares of Tesla by 131.0% in the second quarter. Citizens Financial Group Inc. RI now owns 25,543 shares of the electric vehicle producer’s stock valued at $5,054,000 after acquiring an additional 14,484 shares during the period. Wulff Hansen & CO. grew its stake in Tesla by 19,688.0% during the second quarter. Wulff Hansen & CO. now owns 239,435 shares of the electric vehicle producer’s stock valued at $47,379,000 after acquiring an additional 238,225 shares in the last quarter. Finally, WealthPLAN Partners LLC increased its holdings in Tesla by 9.6% during the 2nd quarter. WealthPLAN Partners LLC now owns 12,649 shares of the electric vehicle producer’s stock worth $2,503,000 after acquiring an additional 1,109 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tesla

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 stock was sold at an average price of $411.63, for a total transaction 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 $2,222,802. This trade represents a 94.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $26,258,000. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 621,886 shares of company stock valued at $213,451,751 in the last three months. Company insiders own 20.70% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $396.36 on Wednesday. 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 1 year low of $138.80 and a 1 year high of $488.54. The company’s 50-day moving average is $382.71 and its 200 day moving average is $284.69. The stock has a market capitalization of $1.27 trillion, a P/E ratio of 108.59, a P/E/G ratio of 10.80 and a beta of 2.30.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TSLA shares. Wedbush restated an “outperform” rating and set a $400.00 price target on shares of Tesla in a research report on Monday, November 18th. Guggenheim boosted their target price on Tesla from $156.00 to $175.00 and gave the stock a “sell” rating in a research report on Thursday, December 5th. Piper Sandler raised their price target on Tesla from $310.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, October 25th. StockNews.com raised Tesla from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Phillip Securities downgraded shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $296.60.

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.