Mayport LLC Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Mayport LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,783 shares of the electric vehicle producer’s stock after purchasing an additional 72 shares during the period. Mayport LLC’s holdings in Tesla were worth $720,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TSLA. Keybank National Association OH grew its stake in shares of Tesla by 4.3% during the fourth quarter. Keybank National Association OH now owns 49,001 shares of the electric vehicle producer’s stock valued at $19,789,000 after buying an additional 2,033 shares during the last quarter. SWS Partners grew its stake in shares of Tesla by 103.4% during the fourth quarter. SWS Partners now owns 1,928 shares of the electric vehicle producer’s stock valued at $779,000 after buying an additional 980 shares during the last quarter. Signify Wealth grew its stake in shares of Tesla by 1.5% during the fourth quarter. Signify Wealth now owns 14,342 shares of the electric vehicle producer’s stock valued at $5,792,000 after buying an additional 215 shares during the last quarter. Ring Mountain Capital LLC bought a new position in shares of Tesla during the fourth quarter valued at about $3,005,000. Finally, Kapstone Financial Advisors LLC grew its stake in shares of Tesla by 4.9% during the fourth quarter. Kapstone Financial Advisors LLC now owns 2,174 shares of the electric vehicle producer’s stock valued at $846,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Bank of America reduced their price objective on Tesla from $490.00 to $380.00 and set a “neutral” rating on the stock in a research note on Tuesday. The Goldman Sachs Group reaffirmed a “cautious” rating on shares of Tesla in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their target price on Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Jefferies Financial Group raised their target price on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $365.00 target price on shares of Tesla in a research note on Wednesday, January 29th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $315.33.

Tesla Stock Performance

Shares of TSLA opened at $279.10 on Thursday. 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 business’s 50 day moving average price is $374.97 and its 200-day moving average price is $318.13. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The stock has a market cap of $897.73 billion, a P/E ratio of 136.81, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) 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%. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This represents a 94.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at approximately $40,775,792.65. This represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 422,386 shares of company stock valued at $153,916,675. 20.70% of the stock is owned by corporate insiders.

Tesla Company 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.