Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 29.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,114 shares of the electric vehicle producer’s stock after acquiring an additional 7,280 shares during the quarter. Atomi Financial Group Inc.’s holdings in Tesla were worth $12,970,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in TSLA. Abich Financial Wealth Management LLC boosted its position in shares of Tesla by 168.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Tesla by 10.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,754,950 shares of the electric vehicle producer’s stock worth $941,050,000 after acquiring an additional 459,704 shares in the last quarter. Drucker Wealth 3.0 LLC acquired a new position in shares of Tesla during the 2nd quarter worth about $445,000. DoubleLine ETF Adviser LP acquired a new position in shares of Tesla during the 2nd quarter worth about $14,152,000. Finally, Daymark Wealth Partners LLC boosted its position in shares of Tesla by 252.1% in the 2nd quarter. Daymark Wealth Partners LLC now owns 33,432 shares of the electric vehicle producer’s stock valued at $6,616,000 after purchasing an additional 23,938 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

TSLA stock opened at $412.38 on Friday. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The stock’s fifty day simple moving average is $395.08 and its 200-day simple moving average is $292.13. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.32 trillion, a price-to-earnings ratio of 112.98, a price-to-earnings-growth ratio of 8.55 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts expect that Tesla, Inc. will post 2.01 EPS for the current year.

Insider Activity at Tesla

In related news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at $1,868,508. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 617,886 shares of company stock worth $212,451,751. 20.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on TSLA shares. Morgan Stanley upped their target price on Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Sanford C. Bernstein reissued an “underperform” rating and issued a $120.00 target price on shares of Tesla in a research report on Thursday, October 3rd. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Robert W. Baird upped their target price on Tesla from $280.00 to $480.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group increased their price objective on Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $309.48.

Tesla Company 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.