507 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 507 shares of the electric vehicle producer’s stock, valued at approximately $205,000.

Several other hedge funds have also recently added to or reduced their stakes in TSLA. SignalPoint Asset Management LLC boosted its stake in shares of Tesla by 2.4% in the 4th quarter. SignalPoint Asset Management LLC now owns 7,130 shares of the electric vehicle producer’s stock valued at $2,879,000 after purchasing an additional 167 shares in the last quarter. Financial Enhancement Group LLC purchased a new stake in Tesla during the fourth quarter valued at about $672,000. West Financial Advisors LLC boosted its position in Tesla by 466.7% during the 4th quarter. West Financial Advisors LLC now owns 1,275 shares of the electric vehicle producer’s stock valued at $515,000 after buying an additional 1,050 shares during the period. Rovin Capital UT ADV grew its holdings in Tesla by 24.1% in the 4th quarter. Rovin Capital UT ADV now owns 1,790 shares of the electric vehicle producer’s stock worth $723,000 after acquiring an additional 348 shares during the last quarter. Finally, Essex Savings Bank lifted its holdings in Tesla by 5.5% in the 4th quarter. Essex Savings Bank now owns 3,300 shares of the electric vehicle producer’s stock worth $1,333,000 after buying an additional 172 shares during the period. Institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Cantor Fitzgerald upped their target price on Tesla from $255.00 to $365.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. UBS Group raised their price objective on shares of Tesla from $197.00 to $226.00 and gave the stock a “sell” rating in a report on Monday, November 25th. JPMorgan Chase & Co. upped their target price on Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Bank of America cut Tesla from a “buy” rating to a “neutral” rating and raised their target price for the company from $400.00 to $490.00 in a research note on Tuesday, January 7th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $360.00 price target on shares of Tesla in a research note on Thursday, January 2nd. Nine equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $299.33.

Insider Activity

In other news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 60,500 shares of the firm’s 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 sale, the director now directly owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 621,886 shares of company stock valued at $213,451,751. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Up 3.1 %

TSLA opened at $426.50 on Friday. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $387.84 and a 200 day moving average of $286.58. The firm has a market cap of $1.37 trillion, a P/E ratio of 116.85, a P/E/G ratio of 6.53 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last released 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. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. As a group, research analysts forecast that Tesla, Inc. will post 1.99 EPS for the current year.

About Tesla

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.