575 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by SPC Financial Inc.

SPC Financial Inc. acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 575 shares of the electric vehicle producer’s stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Transcendent Capital Group LLC purchased a new position in Tesla during the third quarter worth about $29,000. Peterson Financial Group Inc. purchased a new position in Tesla during the third quarter worth about $35,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Tesla during the fourth quarter worth about $46,000. PayPay Securities Corp boosted its stake in Tesla by 130.2% during the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after buying an additional 69 shares during the period. Finally, Finley Financial LLC purchased a new position in Tesla during the fourth quarter worth about $64,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on TSLA. Glj Research reaffirmed a “sell” rating and set a $24.86 target price on shares of Tesla in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Barclays lifted their price target on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $365.00 price target on shares of Tesla in a research note on Wednesday, January 29th. Finally, Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $315.33.

Insider Activity

In related news, CFO Vaibhav Taneja sold 6,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction 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 approximately $6,833,325.68. This represents a 20.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the sale, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 422,386 shares of company stock valued at $153,916,675 in the last 90 days. 20.70% of the stock is currently owned by insiders.

Tesla Price Performance

Tesla stock opened at $279.10 on Thursday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $374.97 and its 200 day simple moving average is $318.13. The firm has a market capitalization of $897.73 billion, a PE ratio of 136.81, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, equities research analysts predict that Tesla, Inc. will post 2.56 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.