Stokes Family Office LLC Buys 1,048 Shares of Tesla, Inc. (NASDAQ:TSLA)

Stokes Family Office LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 45.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,363 shares of the electric vehicle producer’s stock after acquiring an additional 1,048 shares during the quarter. Stokes Family Office LLC’s holdings in Tesla were worth $1,358,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TSLA. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Tesla during the 4th quarter worth about $46,000. Parkworth Wealth Management Inc. bought a new stake in Tesla during the 4th quarter worth about $47,000. PayPay Securities Corp lifted its position in Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after buying an additional 69 shares in the last quarter. Rialto Wealth Management LLC bought a new stake in Tesla during the 4th quarter worth about $55,000. Finally, Finley Financial LLC bought a new stake in Tesla during the 4th quarter worth about $64,000. 66.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TSLA shares. Glj Research reaffirmed a “buy” rating on shares of Tesla in a report on Tuesday, March 11th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $404.00 target price on shares of Tesla in a report on Monday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a report on Monday, December 9th. Barclays upped their target price on shares of Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Tesla in a report on Friday, March 7th. Nine analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus price target of $319.25.

Insider Activity at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares of the company’s stock, valued at $114,859,478.69. This represents a 10.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction 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. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 477,228 shares of company stock valued at $166,849,043 in the last quarter. Insiders own 20.70% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $225.31 on Wednesday. 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 market capitalization of $724.71 billion, a price-to-earnings ratio of 110.45, a P/E/G ratio of 5.86 and a beta of 2.50. The firm’s 50 day simple moving average is $344.47 and its 200 day simple moving average is $320.61. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54.

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

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.