Bard Financial Services Inc. Has $5.33 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Bard Financial Services Inc. boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 92.8% during the fourth quarter, HoldingsChannel reports. The fund owned 13,185 shares of the electric vehicle producer’s stock after purchasing an additional 6,345 shares during the quarter. Bard Financial Services Inc.’s holdings in Tesla were worth $5,325,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Capital Market Strategies LLC increased its position in shares of Tesla by 7.7% during the fourth quarter. Capital Market Strategies LLC now owns 1,380 shares of the electric vehicle producer’s stock worth $557,000 after buying an additional 99 shares during the period. Silverleafe Capital Partners LLC acquired a new position in Tesla during the 4th quarter worth approximately $301,000. Neville Rodie & Shaw Inc. bought a new position in shares of Tesla in the 4th quarter worth $222,000. Burkett Financial Services LLC grew its holdings in shares of Tesla by 194.8% during the fourth quarter. Burkett Financial Services LLC now owns 1,135 shares of the electric vehicle producer’s stock valued at $458,000 after buying an additional 750 shares during the last quarter. Finally, CWA Asset Management Group LLC increased its holdings in Tesla by 1.8% during the 4th quarter. CWA Asset Management Group LLC now owns 23,490 shares of the electric vehicle producer’s stock worth $9,486,000 after purchasing an additional 417 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Activity

In other news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 514,886 shares of company stock worth $169,393,831. Corporate insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TSLA shares. Canaccord Genuity Group raised their price target 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. StockNews.com upgraded Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company lifted their price objective on shares of Tesla from $120.00 to $125.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Finally, Wedbush restated an “outperform” rating and set a $400.00 target price on shares of Tesla in a research report on Monday, November 18th. Nine investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $292.97.

Tesla Trading Down 1.1 %

Shares of TSLA traded down $4.65 during trading hours on Monday, reaching $405.79. 58,916,418 shares of the company traded hands, compared to its average volume of 87,018,234. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 111.18, a price-to-earnings-growth ratio of 10.80 and a beta of 2.30. The company’s fifty day moving average price is $362.37 and its two-hundred day moving average price is $274.38. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08.

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. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Tesla Company 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.