ERn Financial LLC Buys 505 Shares of Tesla, Inc. (NASDAQ:TSLA)

ERn Financial LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,135 shares of the electric vehicle producer’s stock after purchasing an additional 505 shares during the period. ERn Financial LLC’s holdings in Tesla were worth $5,708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Surience Private Wealth LLC bought a new stake in shares of Tesla during the 4th quarter valued at about $3,982,000. BluePath Capital Management LLC boosted its position in shares of Tesla by 5.6% during the 4th quarter. BluePath Capital Management LLC now owns 19,478 shares of the electric vehicle producer’s stock valued at $7,856,000 after purchasing an additional 1,031 shares in the last quarter. Sterling Investment Advisors LLC ADV bought a new stake in shares of Tesla during the 4th quarter valued at about $242,000. Pinnacle Bancorp Inc. boosted its position in shares of Tesla by 92.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 500 shares of the electric vehicle producer’s stock valued at $202,000 after purchasing an additional 240 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its position in shares of Tesla by 6.7% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,268 shares of the electric vehicle producer’s stock valued at $3,339,000 after purchasing an additional 516 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $413.82 on Friday. The stock has a fifty day simple moving average of $385.50 and a two-hundred day simple moving average of $285.69. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The firm has a market cap of $1.33 trillion, a price-to-earnings ratio of 113.38, a price-to-earnings-growth ratio of 6.53 and a beta of 2.30. 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 posted its quarterly 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. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same period last year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at $2,222,802. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 621,886 shares of company stock valued at $213,451,751 over the last three months. Company insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of several research analyst reports. Bank of America lowered Tesla from a “buy” rating to a “neutral” rating and upped their target price for the company from $400.00 to $490.00 in a research report on Tuesday, January 7th. Barclays upped their price target on Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. UBS Group upped their price target on Tesla from $197.00 to $226.00 and gave the stock a “sell” rating in a research note on Monday, November 25th. Finally, Evercore ISI upped their price target on Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research note on Friday, January 3rd. Nine 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $299.33.

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.