Mission Hills Financial Advisory LLC Invests $245,000 in Tesla, Inc. (NASDAQ:TSLA)

Mission Hills Financial Advisory LLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 606 shares of the electric vehicle producer’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Oak Ridge Investments LLC increased its position in shares of Tesla by 6.0% during the fourth quarter. Oak Ridge Investments LLC now owns 40,815 shares of the electric vehicle producer’s stock valued at $16,483,000 after acquiring an additional 2,312 shares during the last quarter. GenWealth Group Inc. purchased a new stake in shares of Tesla during the fourth quarter valued at approximately $213,000. Aaron Wealth Advisors LLC increased its position in shares of Tesla by 25.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 13,410 shares of the electric vehicle producer’s stock valued at $5,415,000 after acquiring an additional 2,680 shares during the last quarter. Whitaker Myers Wealth Managers LTD. increased its position in shares of Tesla by 4.2% during the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 4,529 shares of the electric vehicle producer’s stock valued at $1,829,000 after acquiring an additional 183 shares during the last quarter. Finally, BNC Wealth Management LLC increased its position in Tesla by 2.1% in the fourth quarter. BNC Wealth Management LLC now owns 40,946 shares of the electric vehicle producer’s stock worth $16,536,000 after buying an additional 843 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. This represents a 3.67 % decrease in their ownership of the stock. 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 company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the sale, the director now directly owns 5,400 shares in the company, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 621,886 shares of company stock valued at $213,451,751. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TSLA shares. Phillip Securities downgraded Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Truist Financial reissued a “hold” rating and issued a $360.00 target price on shares of Tesla in a research report on Thursday, January 2nd. Stifel Nicolaus raised their target price on Tesla from $411.00 to $492.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised their price target on Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Nine research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and a consensus price target of $299.33.

Tesla Stock Up 3.1 %

TSLA opened at $426.50 on Tuesday. The company has a market cap of $1.37 trillion, a P/E ratio of 116.85, a P/E/G ratio of 6.53 and a beta of 2.30. The business’s 50-day moving average price is $389.94 and its 200-day moving average price is $288.78. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. During the same quarter in the previous year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Tesla, Inc. will post 1.99 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.