Creekmur Asset Management LLC Buys 349 Shares of Tesla, Inc. (NASDAQ:TSLA)

Creekmur Asset Management LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 40.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,219 shares of the electric vehicle producer’s stock after acquiring an additional 349 shares during the period. Creekmur Asset Management LLC’s holdings in Tesla were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bryce Point Capital LLC acquired a new position in shares of Tesla during the 4th quarter worth $1,054,000. DKM Wealth Management Inc. bought a new position in Tesla in the fourth quarter valued at about $503,000. Private Portfolio Partners LLC lifted its holdings in shares of Tesla by 11.3% in the fourth quarter. Private Portfolio Partners LLC now owns 2,064 shares of the electric vehicle producer’s stock worth $833,000 after acquiring an additional 209 shares during the last quarter. Intrepid Capital Management Inc. acquired a new stake in shares of Tesla in the 4th quarter valued at approximately $414,000. Finally, Massachusetts Financial Services Co. MA increased its position in Tesla by 4,963.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer’s stock worth $2,356,288,000 after purchasing an additional 5,719,466 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TSLA shares. Wells Fargo & Company lowered their price target on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a report on Friday, March 14th. The Goldman Sachs Group reiterated a “cautious” rating on shares of Tesla in a report on Monday, March 3rd. JPMorgan Chase & Co. reduced their target price on shares of Tesla from $135.00 to $120.00 and set an “underweight” rating on the stock in a report on Wednesday, March 12th. Stifel Nicolaus cut their price target on shares of Tesla from $474.00 to $455.00 and set a “buy” rating on the stock in a report on Monday. Finally, StockNews.com downgraded Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Nine research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Tesla has an average rating of “Hold” and an average target price of $317.75.

Tesla Trading Up 3.6 %

Shares of NASDAQ TSLA opened at $268.46 on Wednesday. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a market cap of $863.51 billion, a PE ratio of 131.60, a P/E/G ratio of 5.86 and a beta of 2.50. The firm’s 50 day moving average price is $314.87 and its 200-day moving average price is $323.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (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, equities research analysts expect that Tesla, Inc. will post 2.56 EPS 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.