Key Client Fiduciary Advisors LLC Purchases 322 Shares of Tesla, Inc. (NASDAQ:TSLA)

Key Client Fiduciary Advisors LLC raised its position in Tesla, Inc. (NASDAQ:TSLA) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,551 shares of the electric vehicle producer’s stock after purchasing an additional 322 shares during the period. Tesla accounts for 0.8% of Key Client Fiduciary Advisors LLC’s investment portfolio, making the stock its 26th biggest position. Key Client Fiduciary Advisors LLC’s holdings in Tesla were worth $1,838,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in Tesla in the third quarter worth $29,000. Clean Yield Group increased its stake in shares of Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after buying an additional 48 shares during the period. Peterson Financial Group Inc. purchased a new position in shares of Tesla in the third quarter valued at about $35,000. M&R Capital Management Inc. raised its position in Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Finally, Finley Financial LLC purchased a new stake in Tesla in the fourth quarter worth $64,000. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays raised their price objective on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Guggenheim lifted their price target on Tesla from $156.00 to $175.00 and gave the company a “sell” rating in a research report on Thursday, December 5th. UBS Group increased their price objective on Tesla from $197.00 to $226.00 and gave the stock a “sell” rating in a report on Monday, November 25th. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and boosted their target price for the company from $85.00 to $380.00 in a report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $313.84.

Insider Transactions 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 transaction of $15,138,915.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $374.21, for a total value of $975,191.26. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at $40,775,792.65. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 617,886 shares of company stock worth $212,451,751 in the last 90 days. 20.70% of the stock is currently owned by insiders.

Tesla Stock Down 1.4 %

TSLA stock opened at $406.58 on Friday. The business’s 50-day moving average is $398.82 and its two-hundred day moving average is $294.03. The company has a market cap of $1.31 trillion, a price-to-earnings ratio of 111.39, a P/E/G ratio of 8.42 and a beta of 2.30. 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 1.37 and a current ratio of 1.84.

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