First Financial Group Corp Purchases New Shares in Tesla, Inc. (NASDAQ:TSLA)

First Financial Group Corp acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, Holdings Channel.com reports. The firm acquired 2,660 shares of the electric vehicle producer’s stock, valued at approximately $1,074,000. Tesla accounts for about 1.2% of First Financial Group Corp’s holdings, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Tesla during the 4th quarter worth about $46,000. Parkworth Wealth Management Inc. bought a new stake in Tesla in the 4th quarter valued at approximately $47,000. PayPay Securities Corp lifted its stake in Tesla by 130.2% in the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after acquiring an additional 69 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in Tesla in the 3rd quarter valued at approximately $35,000. Finally, Rialto Wealth Management LLC bought a new stake in shares of Tesla during the 4th quarter worth approximately $55,000. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares in the company, valued at $114,859,478.69. This trade represents a 10.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 477,228 shares of company stock worth $166,849,043 in the last 90 days. Insiders own 20.70% of the company’s stock.

Tesla Trading Up 3.9 %

Shares of Tesla stock opened at $249.98 on Friday. The firm has a market capitalization of $804.06 billion, a PE ratio of 122.54, a P/E/G ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The firm’s 50-day moving average price is $351.31 and its 200 day moving average price is $318.74. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last released its earnings results 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%. On average, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the topic of a number of research analyst reports. New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target on the stock in a research note on Monday, January 6th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Monday, February 10th. Glj Research reaffirmed a “buy” rating on shares of Tesla in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $365.00 price target on shares of Tesla in a research note on Wednesday, January 29th. Nine equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $325.65.

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.