Long Run Wealth Advisors LLC Makes New $230,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

Long Run Wealth Advisors LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 570 shares of the electric vehicle producer’s stock, valued at approximately $230,000.

A number of other large investors have also added to or reduced their stakes in the stock. Transcendent Capital Group LLC purchased a new stake in shares of Tesla during the 3rd quarter valued at about $29,000. Peterson Financial Group Inc. purchased a new stake in Tesla during the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Tesla by 692.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock worth $56,000 after acquiring an additional 187 shares during the last quarter. Finley Financial LLC purchased a new stake in shares of Tesla in the 4th quarter worth $64,000. Finally, Abich Financial Wealth Management LLC raised its holdings in Tesla by 136.4% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock worth $80,000 after purchasing an additional 176 shares during the period. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TSLA shares. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and upped their price target for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Barclays increased their target price on Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Cantor Fitzgerald reissued a “neutral” rating and issued a $365.00 price target on shares of Tesla in a report on Wednesday, January 29th. Stifel Nicolaus lifted their price objective on shares of Tesla from $411.00 to $492.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Glj Research reaffirmed a “sell” rating and set a $24.86 target price on shares of Tesla in a research note on Friday, January 3rd. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $322.29.

Tesla Price Performance

NASDAQ TSLA opened at $361.62 on Monday. The firm’s 50 day moving average price is $408.27 and its 200-day moving average price is $303.93. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company has a market cap of $1.16 trillion, a PE ratio of 177.27, a P/E/G ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Sell-side analysts forecast that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $26,727,400. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 560,776 shares of company stock worth $203,744,862 over the last three months. Corporate insiders own 20.70% of the company’s stock.

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.