Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,978 shares of the electric vehicle producer’s stock after buying an additional 598 shares during the period. Catalyst Financial Partners LLC’s holdings in Tesla were worth $1,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Holderness Investments Co. grew its position in Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after acquiring an additional 42 shares during the period. SCS Capital Management LLC increased its holdings in shares of Tesla by 0.3% in the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock worth $4,224,000 after acquiring an additional 45 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in shares of Tesla by 0.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after buying an additional 45 shares during the last quarter. ML & R Wealth Management LLC increased its holdings in shares of 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 worth $455,000 after purchasing an additional 46 shares during the period. Finally, LCM Capital Management Inc raised its stake in Tesla by 3.5% in the third quarter. LCM Capital Management Inc now owns 1,374 shares of the electric vehicle producer’s stock valued at $344,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity

In related news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 302,803 shares of company stock worth $56,124,840 over the last ninety days. Corporate insiders own 20.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TSLA. Evercore ISI lowered their price objective on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, April 29th. Citigroup lifted their price objective on shares of Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. UBS Group lowered their price target on shares of Tesla from $160.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Canaccord Genuity Group dropped their price target on Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Wednesday, April 24th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average price target of $185.90.

Tesla Price Performance

Tesla stock traded down $2.75 during mid-day trading on Thursday, hitting $171.97. The stock had a trading volume of 65,631,414 shares, compared to its average volume of 103,424,625. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $172.57 and its 200 day moving average is $204.11. The firm has a market capitalization of $548.45 billion, a P/E ratio of 43.87, a P/E/G ratio of 4.74 and a beta of 2.41. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29.

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.