Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Trinity Financial Advisors LLC

by · The Cerbat Gem

Trinity Financial Advisors LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,272 shares of the electric vehicle producer’s stock after buying an additional 253 shares during the period. Trinity Financial Advisors LLC’s holdings in Tesla were worth $482,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Lowe Wealth Advisors LLC grew its position in Tesla by 52.9% during the fourth quarter. Lowe Wealth Advisors LLC now owns 315 shares of the electric vehicle producer’s stock valued at $127,000 after acquiring an additional 109 shares during the period. Atlas Brown Inc. grew its holdings in shares of Tesla by 2.9% during the 4th quarter. Atlas Brown Inc. now owns 2,702 shares of the electric vehicle producer’s stock worth $1,091,000 after purchasing an additional 76 shares during the period. Praetorian Wealth Management Inc. purchased a new position in Tesla in the fourth quarter valued at approximately $372,000. Heartwood Wealth Advisors LLC acquired a new position in Tesla during the fourth quarter valued at approximately $311,000. Finally, Sage Capital Advisors llc increased its position in shares of Tesla by 5.4% in the fourth quarter. Sage Capital Advisors llc now owns 871 shares of the electric vehicle producer’s stock worth $352,000 after acquiring an additional 45 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at $1,868,508. The trade was a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 621,886 shares of company stock worth $213,451,751 over the last ninety days. Company insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TSLA shares. Robert W. Baird upped their price target on shares of Tesla from $280.00 to $480.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Mizuho upgraded Tesla from a “neutral” rating to an “outperform” rating and increased their target price for the company from $230.00 to $515.00 in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. Finally, Guggenheim boosted their target price on shares of Tesla from $156.00 to $175.00 and gave the stock a “sell” rating in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $295.69.

Get Our Latest Stock Report on Tesla

Tesla Stock Performance

TSLA stock traded down $0.20 during trading on Friday, reaching $394.74. 61,427,888 shares of the company’s stock were exchanged, compared to its average volume of 82,911,898. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The firm has a market cap of $1.27 trillion, a PE ratio of 108.15, a P/E/G ratio of 10.80 and a beta of 2.30. The company’s fifty day moving average price is $373.68 and its 200-day moving average price is $279.12. 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 – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. Tesla’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, research analysts expect that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Tesla Company Profile

(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.

Further Reading

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