Trinity Financial Advisors LLC Grows Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Trinity Financial Advisors LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 24.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,272 shares of the electric vehicle producer’s stock after acquiring an additional 253 shares during the period. Trinity Financial Advisors LLC’s holdings in Tesla were worth $482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lowe Wealth Advisors LLC increased its holdings in Tesla by 52.9% in the 4th quarter. Lowe Wealth Advisors LLC now owns 315 shares of the electric vehicle producer’s stock valued at $127,000 after purchasing an additional 109 shares during the last quarter. Atlas Brown Inc. grew its stake in shares of Tesla by 2.9% in the fourth quarter. Atlas Brown Inc. now owns 2,702 shares of the electric vehicle producer’s stock worth $1,091,000 after acquiring an additional 76 shares in the last quarter. Praetorian Wealth Management Inc. purchased a new stake in shares of Tesla during the fourth quarter worth $372,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Tesla in the fourth quarter valued at $311,000. Finally, Sage Capital Advisors llc boosted its holdings in Tesla by 5.4% in the fourth quarter. Sage Capital Advisors llc now owns 871 shares of the electric vehicle producer’s stock valued at $352,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $26,442,856.32. The trade was a 3.67 % 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 in the last ninety days. Insiders own 20.70% of the company’s stock.

Tesla Price Performance

TSLA traded down $0.20 during trading on Friday, reaching $394.74. 61,427,888 shares of the stock were exchanged, compared to its average volume of 82,911,898. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The company has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 108.15, a P/E/G ratio of 10.80 and a beta of 2.30. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The business’s 50 day moving average price is $373.68 and its two-hundred day moving average price is $279.12.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same period last year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on TSLA. Robert W. Baird lifted their price objective 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. HSBC reissued a “reduce” rating and set a $124.00 price objective on shares of Tesla in a report on Friday, October 11th. Phillip Securities downgraded shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Guggenheim boosted their price target on shares of Tesla from $156.00 to $175.00 and gave the company a “sell” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their price objective on Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Nine research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $295.69.

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.