Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 88.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,679 shares of the electric vehicle producer’s stock after purchasing an additional 5,477 shares during the quarter. Tesla accounts for approximately 0.7% of Consolidated Portfolio Review Corp’s investment portfolio, making the stock its 27th largest holding. Consolidated Portfolio Review Corp’s holdings in Tesla were worth $4,716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Planning Group LLC lifted its holdings in Tesla by 16.1% in the third quarter. Retirement Planning Group LLC now owns 1,392 shares of the electric vehicle producer’s stock valued at $364,000 after acquiring an additional 193 shares during the period. Carnegie Investment Counsel lifted its holdings in Tesla by 29.6% in the third quarter. Carnegie Investment Counsel now owns 6,630 shares of the electric vehicle producer’s stock valued at $1,735,000 after acquiring an additional 1,515 shares during the period. CHICAGO TRUST Co NA lifted its holdings in Tesla by 37.6% in the third quarter. CHICAGO TRUST Co NA now owns 2,197 shares of the electric vehicle producer’s stock valued at $575,000 after acquiring an additional 600 shares during the period. Douglas Lane & Associates LLC acquired a new position in Tesla in the third quarter valued at approximately $209,000. Finally, VitalStone Financial LLC lifted its holdings in Tesla by 52.3% in the third quarter. VitalStone Financial LLC now owns 3,095 shares of the electric vehicle producer’s stock valued at $810,000 after acquiring an additional 1,063 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $37,226,491.76. The trade was a 6.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 635,776 shares of company stock valued at $231,335,112. 20.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of analyst reports. Guggenheim reissued a “sell” rating and issued a $175.00 price target on shares of Tesla in a report on Wednesday, January 29th. Jefferies Financial Group boosted their price objective on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. Canaccord Genuity Group boosted their price objective on Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Piper Sandler boosted their price objective on Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and one has assigned 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 $321.71.

Tesla Trading Down 3.0 %

TSLA opened at $350.73 on Tuesday. The business’s 50-day simple moving average is $408.27 and its 200-day simple moving average is $304.55. The company has a market cap of $1.13 trillion, a P/E ratio of 171.93, a PEG ratio of 6.22 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, equities research analysts expect that Tesla, Inc. will post 2.54 EPS for the current fiscal 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.