J.Safra Asset Management Corp Purchases 1,207 Shares of Tesla, Inc. (NASDAQ:TSLA)

J.Safra Asset Management Corp increased its position in Tesla, Inc. (NASDAQ:TSLA) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,070 shares of the electric vehicle producer’s stock after purchasing an additional 1,207 shares during the period. Tesla makes up 0.5% of J.Safra Asset Management Corp’s investment portfolio, making the stock its 24th largest holding. J.Safra Asset Management Corp’s holdings in Tesla were worth $5,873,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TSLA. Swedbank AB raised its position in Tesla by 2.8% in the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock valued at $287,457,000 after buying an additional 29,669 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Tesla in the 3rd quarter valued at $403,000. Heritage Investors Management Corp purchased a new stake in Tesla in the 3rd quarter valued at $232,000. Crestwood Advisors Group LLC raised its position in Tesla by 10.0% in the 3rd quarter. Crestwood Advisors Group LLC now owns 9,700 shares of the electric vehicle producer’s stock valued at $2,538,000 after buying an additional 878 shares during the last quarter. Finally, Beacon Financial Advisory LLC raised its position in Tesla by 6.8% in the 3rd quarter. Beacon Financial Advisory LLC now owns 7,300 shares of the electric vehicle producer’s stock valued at $1,910,000 after buying an additional 467 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TSLA shares. Roth Capital raised Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Mizuho reissued an “outperform” rating and issued a $515.00 price target on shares of Tesla in a research report on Thursday, January 30th. New Street Research raised Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price for the company in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Monday, February 10th. Finally, Guggenheim reaffirmed a “sell” rating on shares of Tesla in a research report on Tuesday, February 25th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $315.33.

Insiders Place Their Bets

In related news, 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 transaction of $41,163,000.00. Following the sale, the director now directly owns 5,400 shares of the company’s stock, valued at $2,222,802. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total value of $1,776,120.00. Following the sale, the chief financial officer now directly owns 23,084 shares in the company, valued at $6,833,325.68. This trade represents a 20.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 422,386 shares of company stock worth $153,916,675. 20.70% of the stock is owned by corporate insiders.

Tesla Price Performance

TSLA opened at $279.10 on Thursday. 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 52-week low of $138.80 and a 52-week high of $488.54. The stock has a market capitalization of $897.73 billion, a PE ratio of 136.81, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The stock’s 50 day moving average price is $374.97 and its 200-day moving average price is $318.13.

Tesla (NASDAQ:TSLA) last issued its quarterly 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 return on equity of 10.31% and a net margin of 7.26%. On average, equities research analysts predict that Tesla, Inc. will post 2.56 EPS 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.