Trifecta Capital Advisors LLC Boosts Position in Tesla, Inc. (NASDAQ:TSLA)

Trifecta Capital Advisors LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 6.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 791 shares of the electric vehicle producer’s stock after buying an additional 51 shares during the period. Trifecta Capital Advisors LLC’s holdings in Tesla were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TSLA. Mengis Capital Management Inc. purchased a new stake in shares of Tesla in the 4th quarter worth $290,000. Coyle Financial Counsel LLC purchased a new position in shares of Tesla during the fourth quarter valued at $278,000. Pring Turner Capital Group Inc. bought a new stake in shares of Tesla in the fourth quarter valued at about $262,000. Prasad Wealth Partners LLC purchased a new stake in Tesla in the fourth quarter worth about $2,754,000. Finally, BankPlus Trust Department bought a new position in Tesla during the 4th quarter worth about $1,905,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Down 4.0 %

TSLA stock opened at $290.80 on Thursday. Tesla, Inc. has a one year low of $138.80 and a one year 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. The firm’s fifty day moving average is $390.99 and its 200 day moving average is $315.51. The firm has a market cap of $935.36 billion, a PE ratio of 142.55, a P/E/G ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity

In related news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 75,000 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the transaction, the director now owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40. This represents a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock worth $195,995,200 over the last three months. 20.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on TSLA shares. Glj Research restated a “sell” rating and issued a $24.86 price target on shares of Tesla in a report on Wednesday, February 12th. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Barclays increased their target price on Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Phillip Securities lowered Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Finally, Benchmark assumed coverage on Tesla in a research report on Wednesday, February 12th. They set a “buy” rating and a $475.00 price objective on the stock. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $319.57.

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.