Park Edge Advisors LLC Takes Position in Tesla, Inc. (NASDAQ:TSLA)

Park Edge Advisors LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 646 shares of the electric vehicle producer’s stock, valued at approximately $261,000.

Other large investors have also bought and sold shares of the company. Regency Capital Management Inc. DE bought a new position in shares of Tesla in the fourth quarter worth approximately $870,000. Jamison Private Wealth Management Inc. boosted its position in Tesla by 5.0% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 20,564 shares of the electric vehicle producer’s stock valued at $8,305,000 after buying an additional 986 shares during the period. Blue Square Asset Management LLC grew its holdings in Tesla by 0.4% in the 4th quarter. Blue Square Asset Management LLC now owns 28,628 shares of the electric vehicle producer’s stock worth $11,561,000 after acquiring an additional 101 shares during the last quarter. Andina Capital Management LLC increased its position in shares of Tesla by 17.1% in the fourth quarter. Andina Capital Management LLC now owns 1,271 shares of the electric vehicle producer’s stock valued at $513,000 after acquiring an additional 186 shares during the period. Finally, First Citizens Bank & Trust Co. raised its stake in shares of Tesla by 2.0% during the fourth quarter. First Citizens Bank & Trust Co. now owns 63,610 shares of the electric vehicle producer’s stock valued at $25,688,000 after acquiring an additional 1,237 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $374.21, for a total value of $975,191.26. Following the transaction, the chief financial officer now owns 108,965 shares in the company, valued at $40,775,792.65. This represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the sale, the director now 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 disclosure for this sale can be found here. Insiders have sold 617,886 shares of company stock valued at $212,451,751 in the last ninety days. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Up 0.3 %

Shares of Tesla stock opened at $398.31 on Wednesday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $399.99 and its 200 day moving average is $295.57. The company has a market cap of $1.28 trillion, a price-to-earnings ratio of 109.13, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSLA. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and boosted their price target for the company from $85.00 to $380.00 in a report on Monday, December 2nd. HSBC reissued a “reduce” rating and set a $124.00 target price on shares of Tesla in a research note on Friday, October 11th. Mizuho upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $230.00 to $515.00 in a report on Tuesday, December 17th. Robert W. Baird upped their price objective on shares of Tesla from $280.00 to $480.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Finally, Morgan Stanley lifted their target price on shares of Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average target price of $313.84.

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.