My Personal CFO LLC Makes New $128,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

My Personal CFO LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,038 shares of the electric vehicle producer’s stock, valued at approximately $128,000.

Other hedge funds have also recently bought and sold shares of the company. North Star Investment Management Corp. raised its holdings in Tesla by 48.0% in the 4th quarter. North Star Investment Management Corp. now owns 2,708 shares of the electric vehicle producer’s stock valued at $334,000 after acquiring an additional 878 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its position in Tesla by 6.2% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 4,416 shares of the electric vehicle producer’s stock worth $544,000 after buying an additional 256 shares during the period. Onyx Bridge Wealth Group LLC boosted its stake in Tesla by 37.0% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 5,448 shares of the electric vehicle producer’s stock worth $616,000 after buying an additional 1,470 shares during the last quarter. Aurora Investment Managers LLC. grew its holdings in Tesla by 4.7% in the 4th quarter. Aurora Investment Managers LLC. now owns 43,329 shares of the electric vehicle producer’s stock valued at $5,337,000 after buying an additional 1,960 shares during the period. Finally, Jenkins Wealth purchased a new position in shares of Tesla during the 4th quarter worth about $349,000. Institutional investors and hedge funds own 43.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TSLA. Evercore ISI dropped their price target on shares of Tesla from $300.00 to $200.00 and set an “in-line” rating for the company in a research report on Tuesday, December 20th. Edward Jones upgraded Tesla from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. KGI Securities cut Tesla from an “outperform” rating to a “neutral” rating and set a $196.00 target price on the stock. in a report on Thursday, March 2nd. StockNews.com began coverage on Tesla in a research note on Thursday. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. reduced their price objective on Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 25th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $221.39.

Insiders Place Their Bets

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $202.00, for a total value of $2,121,000.00. Following the completion of the sale, the senior vice president now directly owns 64,259 shares in the company, valued at approximately $12,980,318. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Monday, February 27th. The shares were sold at an average price of $202.00, for a total value of $2,121,000.00. Following the completion of the transaction, the senior vice president now owns 64,259 shares of the company’s stock, valued at $12,980,318. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Zachary Kirkhorn sold 10,455 shares of the stock in a transaction on Monday, March 6th. The stock was sold at an average price of $196.72, for a total transaction of $2,056,707.60. Following the sale, the chief financial officer now directly owns 203,073 shares in the company, valued at $39,948,520.56. The disclosure for this sale can be found here. Insiders have sold a total of 53,221 shares of company stock valued at $8,988,542 in the last quarter. Insiders own 25.10% of the company’s stock.

Tesla Stock Down 2.2 %

TSLA traded down $4.00 during trading on Friday, hitting $180.13. The company had a trading volume of 133,197,140 shares, compared to its average volume of 152,494,352. The company has a market cap of $569.95 billion, a PE ratio of 49.71, a P/E/G ratio of 2.19 and a beta of 2.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.05. Tesla, Inc. has a 1-year low of $101.81 and a 1-year high of $384.29. The business has a 50-day moving average of $175.38 and a 200-day moving average of $197.07.

Tesla (NASDAQ:TSLA – Get Rating) last issued its earnings results on Wednesday, January 25th. The electric vehicle producer reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.21. The business had revenue of $24.32 billion for the quarter, compared to analyst estimates of $24.26 billion. Tesla had a net margin of 15.41% and a return on equity of 31.71%. The company’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS. As a group, analysts forecast that Tesla, Inc. will post 3.43 earnings per share for the current year.

About Tesla

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Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits.