Pittenger & Anderson Inc. Acquires 448 Shares of Tesla, Inc. (NASDAQ:TSLA)

Pittenger & Anderson Inc. lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,469 shares of the electric vehicle producer’s stock after purchasing an additional 448 shares during the period. Pittenger & Anderson Inc.’s holdings in Tesla were worth $862,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Opal Wealth Advisors LLC lifted its stake in shares of Tesla by 1.0% in the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock worth $1,089,000 after acquiring an additional 42 shares during the period. Holderness Investments Co. lifted its position in shares of Tesla by 1.6% in the 3rd quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock worth $650,000 after purchasing an additional 42 shares during the period. SCS Capital Management LLC boosted its stake in shares of Tesla by 0.3% in the 3rd quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock valued at $4,224,000 after purchasing an additional 45 shares during the last quarter. Daymark Wealth Partners LLC raised its stake in Tesla by 0.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock worth $2,622,000 after buying an additional 45 shares during the last quarter. Finally, ML & R Wealth Management LLC boosted its position in Tesla by 2.6% during the third quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock valued at $455,000 after acquiring an additional 46 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the sale, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,098 shares of company stock worth $38,802,534. Company insiders own 25.10% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the subject of several research analyst reports. Canaccord Genuity Group lowered their price objective on Tesla from $234.00 to $222.00 and set a “buy” rating for the company in a research report on Wednesday. Edward Jones downgraded Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Mizuho reduced their price objective on shares of Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday. Robert W. Baird reiterated an “outperform” rating and set a $280.00 target price on shares of Tesla in a research report on Wednesday, April 17th. Finally, Roth Mkm restated a “neutral” rating and issued a $85.00 price target on shares of Tesla in a report on Wednesday. Eight analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $186.70.

Tesla Stock Performance

Shares of TSLA stock traded up $8.05 during trading on Thursday, hitting $170.18. The company’s stock had a trading volume of 125,039,020 shares, compared to its average volume of 103,278,984. The company has a market cap of $541.99 billion, a PE ratio of 42.02, a P/E/G ratio of 3.82 and a beta of 2.39. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $176.28 and a 200-day moving average of $208.91. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 13.68% and a net margin of 14.37%. The firm had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same period in the prior year, the business earned $1.07 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, research analysts anticipate that Tesla, Inc. will post 1.97 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.