Northstar Group Inc. Has $1.20 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Northstar Group Inc. raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 204.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,971 shares of the electric vehicle producer’s stock after buying an additional 1,995 shares during the period. Northstar Group Inc.’s holdings in Tesla were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Carnegie Investment Counsel boosted its position in shares of 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. Wedge Capital Management L L P NC boosted its position in shares of Tesla by 18.2% in the third quarter. Wedge Capital Management L L P NC now owns 2,489 shares of the electric vehicle producer’s stock valued at $651,000 after acquiring an additional 384 shares during the period. CX Institutional boosted its position in shares of Tesla by 2.4% in the third quarter. CX Institutional now owns 60,211 shares of the electric vehicle producer’s stock valued at $15,753,000 after acquiring an additional 1,435 shares during the period. Wesbanco Bank Inc. boosted its position in shares of Tesla by 399.8% in the third quarter. Wesbanco Bank Inc. now owns 30,074 shares of the electric vehicle producer’s stock valued at $7,868,000 after acquiring an additional 24,057 shares during the period. Finally, Creative Planning boosted its position in shares of Tesla by 28.3% in the third quarter. Creative Planning now owns 896,484 shares of the electric vehicle producer’s stock valued at $221,677,000 after acquiring an additional 197,839 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TSLA. Robert W. Baird cut their price objective on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Wedbush upped their price objective on shares of Tesla from $515.00 to $550.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $440.00 price objective on shares of Tesla in a research report on Thursday, January 30th. UBS Group upped their price objective on shares of Tesla from $226.00 to $259.00 and gave the stock a “sell” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley upped their price objective on shares of Tesla from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Nine research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $321.71.

Tesla Stock Performance

Shares of TSLA stock opened at $328.50 on Wednesday. The company has a market cap of $1.06 trillion, a price-to-earnings ratio of 161.03, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. 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 has a 50 day moving average of $408.14 and a 200-day moving average of $305.46.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) 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%. On average, equities analysts forecast that Tesla, Inc. will post 2.54 earnings per share for the current 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.