Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Altiora Financial Group LLC

Altiora Financial Group LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,246 shares of the electric vehicle producer’s stock after buying an additional 128 shares during the quarter. Altiora Financial Group LLC’s holdings in Tesla were worth $907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in shares of Tesla during the 3rd quarter valued at $29,000. Peterson Financial Group Inc. acquired a new stake in Tesla during the 3rd quarter valued at $35,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Tesla during the 4th quarter valued at $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 valued at $49,000 after purchasing an additional 69 shares during the period. Finally, Rialto Wealth Management LLC acquired a new stake in Tesla during the 4th quarter valued at $55,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Guggenheim reaffirmed a “sell” rating on shares of Tesla in a research note on Tuesday, February 25th. UBS Group reissued a “neutral” rating on shares of Tesla in a research report on Tuesday, March 4th. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Glj Research reissued a “sell” rating and set a $24.86 target price on shares of Tesla in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company increased their target price on shares of Tesla from $125.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, January 30th. Nine analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $327.37.

Tesla Stock Performance

TSLA stock opened at $262.67 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The company has a 50 day moving average price of $367.78 and a 200 day moving average price of $319.38. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The stock has a market capitalization of $844.88 billion, a PE ratio of 128.76, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction 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 directly owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 422,452 shares of company stock worth $153,659,530. Insiders own 20.70% of the company’s stock.

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.