RFG Holdings Inc. Boosts Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

RFG Holdings Inc. boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,612 shares of the electric vehicle producer’s stock after purchasing an additional 52 shares during the period. Tesla comprises about 0.5% of RFG Holdings Inc.’s portfolio, making the stock its 22nd biggest holding. RFG Holdings Inc.’s holdings in Tesla were worth $1,459,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Perpetual Ltd purchased a new stake in shares of Tesla during the third quarter worth $655,000. Watts Gwilliam & Co. LLC purchased a new stake in shares of Tesla during the third quarter worth $3,074,000. Hoese & Co LLP purchased a new stake in shares of Tesla during the third quarter worth $78,000. Albion Financial Group UT lifted its position in shares of Tesla by 18.2% during the third quarter. Albion Financial Group UT now owns 7,065 shares of the electric vehicle producer’s stock worth $1,848,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Beaumont Financial Advisors LLC lifted its position in shares of Tesla by 24.4% during the third quarter. Beaumont Financial Advisors LLC now owns 2,888 shares of the electric vehicle producer’s stock worth $756,000 after acquiring an additional 566 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Tesla stock opened at $361.62 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average of $407.94 and a 200-day moving average of $302.76. The firm has a market cap of $1.16 trillion, a P/E ratio of 177.27, a P/E/G ratio of 6.79 and a beta of 2.34. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. Sell-side analysts expect that Tesla, Inc. will post 2.82 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $26,727,400. This trade represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $374.21, for a total transaction of $975,191.26. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $40,775,792.65. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 664,776 shares of company stock worth $239,746,862 over the last three months. Company insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TSLA shares. Mizuho reaffirmed an “outperform” rating and issued a $515.00 price target on shares of Tesla in a report on Thursday, January 30th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $365.00 price target on shares of Tesla in a report on Wednesday, January 29th. Phillip Securities cut shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Glj Research reaffirmed a “sell” rating and issued a $24.86 price target on shares of Tesla in a report on Friday, January 3rd. Finally, KGI Securities raised shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price target on the stock in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $322.29.

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.