Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Northstar Advisory Group LLC

Northstar Advisory Group LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,293 shares of the electric vehicle producer’s stock after purchasing an additional 362 shares during the quarter. Tesla comprises approximately 1.5% of Northstar Advisory Group LLC’s portfolio, making the stock its 21st biggest position. Northstar Advisory Group LLC’s holdings in Tesla were worth $2,945,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Conrad Siegel Investment Advisors Inc. grew its stake in Tesla by 15.6% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 942 shares of the electric vehicle producer’s stock worth $380,000 after buying an additional 127 shares during the last quarter. Horizon Wealth Management LLC raised its position in Tesla by 29.8% during the 4th quarter. Horizon Wealth Management LLC now owns 5,776 shares of the electric vehicle producer’s stock worth $2,333,000 after buying an additional 1,327 shares during the last quarter. Sunflower Bank N.A. lifted its position in Tesla by 10.7% in the fourth quarter. Sunflower Bank N.A. now owns 3,394 shares of the electric vehicle producer’s stock valued at $1,371,000 after purchasing an additional 328 shares during the period. Davis Investment Partners LLC acquired a new position in Tesla during the fourth quarter worth $270,000. Finally, Friedenthal Financial increased its holdings in Tesla by 98,400.0% in the fourth quarter. Friedenthal Financial now owns 1,970 shares of the electric vehicle producer’s stock valued at $796,000 after buying an additional 1,968 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In other Tesla news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the transaction, the director now directly owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. The trade was a 3.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 621,886 shares of company stock valued at $213,451,751 over the last ninety days. Corporate insiders own 20.70% of the company’s stock.

Tesla Trading Up 2.2 %

Shares of NASDAQ:TSLA opened at $403.31 on Tuesday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The firm has a market cap of $1.29 trillion, a P/E ratio of 110.50, a P/E/G ratio of 10.80 and a beta of 2.30. The company has a 50 day moving average of $379.81 and a 200-day moving average of $283.29. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TSLA shares. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Robert W. Baird raised their target price 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. Truist Financial restated a “hold” rating and set a $360.00 price target on shares of Tesla in a research note on Thursday, January 2nd. HSBC reissued a “reduce” rating and issued a $124.00 target price on shares of Tesla in a research note on Friday, October 11th. Finally, StockNews.com raised shares of Tesla from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $296.60.

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.