Bard Financial Services Inc. Grows Position in Tesla, Inc. (NASDAQ:TSLA)

Bard Financial Services Inc. increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 92.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,185 shares of the electric vehicle producer’s stock after purchasing an additional 6,345 shares during the quarter. Bard Financial Services Inc.’s holdings in Tesla were worth $5,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TSLA. North Star Asset Management Inc. boosted its holdings in Tesla by 8.2% in the second quarter. North Star Asset Management Inc. now owns 6,040 shares of the electric vehicle producer’s stock valued at $1,195,000 after acquiring an additional 458 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Tesla by 28.7% during the 2nd quarter. Savant Capital LLC now owns 31,589 shares of the electric vehicle producer’s stock worth $6,251,000 after purchasing an additional 7,045 shares during the period. Hanlon Investment Management Inc. purchased a new position in Tesla in the second quarter valued at approximately $201,000. Strategic Financial Concepts LLC lifted its position in Tesla by 21,816.0% during the second quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer’s stock valued at $1,167,970,000 after buying an additional 5,875,484 shares in the last quarter. Finally, Chris Bulman Inc purchased a new stake in Tesla during the second quarter worth approximately $711,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on TSLA shares. UBS Group lifted their target price on shares of Tesla from $197.00 to $226.00 and gave the company a “sell” rating in a report on Monday, November 25th. Guggenheim upped their target price on Tesla from $156.00 to $175.00 and gave the stock a “sell” rating in a research report on Thursday, December 5th. Royal Bank of Canada raised their target price on Tesla from $249.00 to $313.00 and gave the company an “outperform” rating in a report on Friday, November 15th. 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 report on Monday, December 2nd. Finally, Canaccord Genuity Group lifted their price objective on shares of Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Nine investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $292.97.

Insider Buying and Selling

In other Tesla news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the sale, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. The trade was a 3.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,442,856.32. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 514,886 shares of company stock valued at $169,393,831 in the last 90 days. 20.70% of the stock is owned by insiders.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $4.65 during midday trading on Monday, reaching $405.79. 58,916,418 shares of the company’s stock were exchanged, compared to its average volume of 87,018,234. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The firm has a market capitalization of $1.30 trillion, a PE ratio of 111.18, a price-to-earnings-growth ratio of 10.80 and a beta of 2.30. The company’s 50 day simple moving average is $362.37 and its two-hundred day simple moving average is $274.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS 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 period in the prior year, the firm earned $0.53 earnings per share. Tesla’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current fiscal 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.