Curran Financial Partners LLC Increases Stake in Tesla, Inc. (NASDAQ:TSLA)

Curran Financial Partners LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 29.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,093 shares of the electric vehicle producer’s stock after acquiring an additional 247 shares during the quarter. Curran Financial Partners LLC’s holdings in Tesla were worth $441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Transcendent Capital Group LLC purchased a new position in Tesla in the 3rd quarter worth $29,000. Clean Yield Group increased its holdings in shares of Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after purchasing an additional 48 shares during the period. Peterson Financial Group Inc. acquired a new stake in shares of Tesla during the third quarter worth about $35,000. M&R Capital Management Inc. boosted its position in Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after buying an additional 100 shares during the last quarter. Finally, Finley Financial LLC acquired a new position in Tesla in the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $400.28 on Friday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The firm has a market capitalization of $1.28 trillion, a P/E ratio of 109.67, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The stock’s fifty day moving average is $401.98 and its two-hundred day moving average is $297.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

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 return on equity of 10.24% and a net margin of 13.07%. On average, research analysts anticipate that Tesla, Inc. will post 2.01 earnings per share for the current year.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $36,761,200. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 553,386 shares of company stock valued at $196,305,796. 20.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on TSLA. UBS Group upped their price objective on shares of Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a report on Thursday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $365.00 price target on shares of Tesla in a research report on Wednesday. The Goldman Sachs Group boosted their price objective on Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and raised their target price for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Finally, Jefferies Financial Group boosted their price target on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, November 14th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $318.31.

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.