Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Safe Harbor Fiduciary LLC

Safe Harbor Fiduciary LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 894.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169 shares of the electric vehicle producer’s stock after purchasing an additional 152 shares during the period. Safe Harbor Fiduciary LLC’s holdings in Tesla were worth $68,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Horrell Capital Management Inc. raised its position in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 34 shares during the last quarter. GS Investments Inc. increased its holdings in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. Navigoe LLC purchased a new position in shares of Tesla in the 4th quarter valued at about $37,000. CoreFirst Bank & Trust purchased a new position in shares of Tesla in the 4th quarter valued at about $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Tesla in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TSLA. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Wednesday, April 23rd. Morgan Stanley reiterated a “buy” rating and issued a $430.00 price target on shares of Tesla in a report on Tuesday, April 22nd. Mizuho increased their price target on shares of Tesla from $325.00 to $390.00 and gave the company an “outperform” rating in a report on Friday. Oppenheimer restated a “mixed” rating on shares of Tesla in a report on Tuesday, March 18th. Finally, Robert W. Baird dropped their target price on shares of Tesla from $370.00 to $320.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average target price of $289.43.

Insider Activity

In related news, CFO Vaibhav Taneja sold 6,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $296.02, for a total value of $1,776,120.00. Following the completion of the sale, the chief financial officer now owns 23,084 shares of the company’s stock, valued at $6,833,325.68. This represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares of the company’s stock, valued at $114,859,478.69. The trade was a 10.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 412,623 shares of company stock valued at $115,600,501. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Performance

Tesla stock opened at $349.98 on Friday. The company has a market cap of $1.13 trillion, a PE ratio of 171.56, a P/E/G ratio of 5.86 and a beta of 2.43. The company has a fifty day moving average price of $267.35 and a two-hundred day moving average price of $329.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54.

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