Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Florida Financial Advisors LLC

Florida Financial Advisors LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,282 shares of the electric vehicle producer’s stock after acquiring an additional 92 shares during the quarter. Tesla comprises approximately 1.0% of Florida Financial Advisors LLC’s holdings, making the stock its 21st largest position. Florida Financial Advisors LLC’s holdings in Tesla were worth $2,134,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Tesla by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer’s stock valued at $955,052,000 after purchasing an additional 194,796 shares during the last quarter. United Bank purchased a new position in shares of Tesla during the third quarter worth $287,000. Massachusetts Financial Services Co. MA grew its stake in shares of Tesla by 61.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 115,241 shares of the electric vehicle producer’s stock valued at $30,151,000 after buying an additional 43,950 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Tesla by 21.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 31,232 shares of the electric vehicle producer’s stock valued at $8,171,000 after buying an additional 5,545 shares during the period. Finally, Algert Global LLC acquired a new position in Tesla during the 3rd quarter worth about $3,194,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TSLA. Evercore ISI lifted their target price on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research report on Friday, January 3rd. UBS Group dropped their price objective on shares of Tesla from $259.00 to $225.00 and set a “sell” rating for the company in a report on Monday, March 10th. Mizuho reduced their target price on shares of Tesla from $515.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Finally, Benchmark assumed coverage on Tesla in a report on Wednesday, February 12th. They issued a “buy” rating and a $475.00 target price for the company. Nine research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $318.93.

Tesla Stock Up 11.9 %

Tesla stock opened at $278.39 on Tuesday. The stock has a market capitalization of $895.45 billion, a price-to-earnings ratio of 136.47, a PEG ratio of 5.86 and a beta of 2.50. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $332.69 and a two-hundred day moving average of $321.49. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last announced 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%. As a group, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 477,228 shares of company stock worth $166,849,043. 20.70% of the stock is owned by corporate insiders.

About Tesla

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.