Cardiff Park Advisors LLC Acquires 74 Shares of Tesla, Inc. (NASDAQ:TSLA)

by · The Markets Daily

Cardiff Park Advisors LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,742 shares of the electric vehicle producer’s stock after acquiring an additional 74 shares during the period. Cardiff Park Advisors LLC’s holdings in Tesla were worth $4,742,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Horrell Capital Management Inc. boosted its position in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 34 shares in the last quarter. GS Investments Inc. raised its stake in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after buying an additional 58 shares during the period. Navigoe LLC bought a new position in Tesla during the fourth quarter worth about $37,000. CoreFirst Bank & Trust acquired a new position in Tesla in the fourth quarter valued at about $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Tesla in the fourth quarter worth about $39,000. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $24,274,300. The trade was a 56.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kimbal Musk sold 75,000 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the transaction, the director now owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 367,228 shares of company stock worth $110,043,434. Company insiders own 20.70% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of several research analyst reports. Bank of America decreased their price objective on Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Glj Research reiterated a “sell” rating and issued a $19.05 price target (down previously from $24.86) on shares of Tesla in a report on Monday, April 21st. Morgan Stanley restated a “buy” rating and set a $430.00 price objective on shares of Tesla in a report on Tuesday, April 22nd. Mizuho reduced their target price on shares of Tesla from $375.00 to $325.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James downgraded Tesla to an “outperform” rating in a research note on Tuesday, April 22nd. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $287.46.

Check Out Our Latest Report on TSLA

Tesla Price Performance

Tesla stock opened at $287.21 on Monday. The company has a market capitalization of $925.09 billion, a price-to-earnings ratio of 140.79, a PEG ratio of 5.86 and a beta of 2.43. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The stock’s 50 day moving average is $258.82 and its 200-day moving average is $325.91.

Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period in the prior year, the business posted $0.45 earnings per share. Equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

About Tesla

(Free Report)

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.

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