Silverleafe Capital Partners LLC Makes New $301,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

Silverleafe Capital Partners LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 746 shares of the electric vehicle producer’s stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Neville Rodie & Shaw Inc. purchased a new stake in Tesla in the 4th quarter valued at approximately $222,000. Burkett Financial Services LLC grew its holdings in Tesla by 194.8% during the fourth quarter. Burkett Financial Services LLC now owns 1,135 shares of the electric vehicle producer’s stock worth $458,000 after acquiring an additional 750 shares during the period. CWA Asset Management Group LLC boosted its position in shares of Tesla by 1.8% during the 4th quarter. CWA Asset Management Group LLC now owns 23,490 shares of the electric vehicle producer’s stock worth $9,486,000 after purchasing an additional 417 shares in the last quarter. Nordea Investment Management AB grew its position in Tesla by 17.7% during the fourth quarter. Nordea Investment Management AB now owns 1,227,460 shares of the electric vehicle producer’s stock worth $510,537,000 after buying an additional 185,014 shares during the period. Finally, Central Pacific Bank Trust Division grew its holdings in shares of Tesla by 10.1% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,779 shares of the electric vehicle producer’s stock worth $1,930,000 after acquiring an additional 440 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $374.21, for a total value of $975,191.26. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $40,775,792.65. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the sale, the director now directly owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 514,886 shares of company stock valued at $169,393,831 in the last 90 days. 20.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on TSLA shares. KGI Securities upgraded Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price on the stock in a research report on Thursday, October 24th. Jefferies Financial Group upped 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. Truist Financial reiterated a “hold” rating and set a $360.00 price objective on shares of Tesla in a research report on Thursday. Royal Bank of Canada boosted their price target on Tesla from $249.00 to $313.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Finally, Phillip Securities downgraded Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Nine investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $292.97.

Tesla Stock Performance

NASDAQ:TSLA traded down $1.85 during midday trading on Monday, reaching $408.59. The stock had a trading volume of 55,238,996 shares, compared to its average volume of 85,782,406. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The firm’s fifty day simple moving average is $362.37 and its 200-day simple moving average is $274.38. The stock has a market capitalization of $1.31 trillion, a P/E ratio of 111.94, a PEG ratio of 10.80 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating 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 company had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same period in the prior year, the business posted $0.53 EPS. Tesla’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Tesla 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.