Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Creekmur Asset Management LLC

Creekmur Asset Management LLC increased its position in Tesla, Inc. (NASDAQ:TSLA) by 40.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,219 shares of the electric vehicle producer’s stock after buying an additional 349 shares during the quarter. Creekmur Asset Management LLC’s holdings in Tesla were worth $492,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bryce Point Capital LLC acquired a new position in shares of Tesla in the 4th quarter worth approximately $1,054,000. DKM Wealth Management Inc. acquired a new position in Tesla in the fourth quarter worth approximately $503,000. Private Portfolio Partners LLC increased its holdings in shares of Tesla by 11.3% in the fourth quarter. Private Portfolio Partners LLC now owns 2,064 shares of the electric vehicle producer’s stock valued at $833,000 after buying an additional 209 shares in the last quarter. Intrepid Capital Management Inc. acquired a new position in shares of Tesla in the 4th quarter worth $414,000. Finally, Massachusetts Financial Services Co. MA increased its stake in Tesla by 4,963.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer’s stock worth $2,356,288,000 after purchasing an additional 5,719,466 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

TSLA opened at $268.46 on Wednesday. The company has a fifty day simple moving average of $314.87 and a 200 day simple moving average of $323.48. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock has a market cap of $863.51 billion, a P/E ratio of 131.60, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. On average, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the completion of the sale, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 477,228 shares of company stock worth $166,849,043 in the last three months. Insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several research reports. StockNews.com cut shares of Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective for the company in a report on Monday, January 6th. Stifel Nicolaus dropped their target price on Tesla from $474.00 to $455.00 and set a “buy” rating on the stock in a research report on Monday. Morgan Stanley dropped their price objective on Tesla from $430.00 to $410.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Finally, Robert W. Baird dropped their price target on shares of Tesla from $440.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Nine research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $317.75.

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.