Tesla, Inc. (NASDAQ:TSLA) Shares Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,050 shares of the electric vehicle producer’s stock after purchasing an additional 1,470 shares during the period. K.J. Harrison & Partners Inc’s holdings in Tesla were worth $5,329,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TSLA. Swedbank AB increased its position in Tesla by 2.8% during the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after purchasing an additional 29,669 shares during the last quarter. Foundation Wealth Management LLC purchased a new stake in shares of Tesla in the 3rd quarter valued at approximately $225,000. JFS Wealth Advisors LLC increased its holdings in shares of Tesla by 75.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 2,014 shares of the electric vehicle producer’s stock worth $527,000 after buying an additional 864 shares during the last quarter. HM Payson & Co. raised its position in shares of Tesla by 16.7% during the 3rd quarter. HM Payson & Co. now owns 4,624 shares of the electric vehicle producer’s stock valued at $1,210,000 after buying an additional 662 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC lifted its holdings in Tesla by 21.6% in the third quarter. Baron Silver Stevens Financial Advisors LLC now owns 3,773 shares of the electric vehicle producer’s stock valued at $987,000 after acquiring an additional 671 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $293.33 on Friday. The stock’s 50-day simple moving average is $385.35 and its 200-day simple moving average is $315.95. The firm has a market capitalization of $943.49 billion, a PE ratio of 143.79, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data 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%. As a group, equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $30,095,100. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 523,386 shares of company stock worth $195,995,200 in the last ninety days. 20.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TSLA shares. Wells Fargo & Company raised their target price on Tesla from $125.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, January 30th. Evercore ISI boosted their price objective on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a report on Friday, January 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research note on Monday, February 10th. Barclays boosted their price target on shares of Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Finally, Bank of America cut shares of Tesla from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $318.77.

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.