KERR FINANCIAL PLANNING Corp Takes Position in Tesla, Inc. $TSLA

KERR FINANCIAL PLANNING Corp purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,273 shares of the electric vehicle producer’s stock, valued at approximately $4,771,000. Tesla comprises approximately 6.6% of KERR FINANCIAL PLANNING Corp’s investment portfolio, making the stock its largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Narwhal Capital Management raised its holdings in shares of Tesla by 32.8% during the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock worth $4,232,000 after purchasing an additional 2,350 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of Tesla by 29.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock worth $14,487,000 after buying an additional 7,446 shares during the last quarter. Norges Bank acquired a new position in shares of Tesla in the 2nd quarter valued at about $11,839,824,000. China Universal Asset Management Co. Ltd. grew its position in shares of Tesla by 8.8% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock valued at $21,571,000 after buying an additional 3,935 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its holdings in shares of Tesla by 26.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer’s stock valued at $8,019,000 after purchasing an additional 3,724 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 25,731 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the sale, the director directly owned 19,669 shares in the company, valued at approximately $8,173,649.64. The trade was a 56.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,264 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 87,995 shares of company stock valued at $38,315,650. Company insiders own 19.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSLA. New Street Research raised their price target on Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Morgan Stanley set a $415.00 price objective on Tesla and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $510.00 target price on shares of Tesla in a research note on Thursday, January 29th. William Blair reissued a “market perform” rating on shares of Tesla in a report on Friday, January 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $500.00 price target on shares of Tesla in a research report on Thursday, January 29th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $406.84.

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Tesla Trading Down 3.2%

Shares of TSLA stock opened at $380.24 on Friday. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The firm has a market capitalization of $1.43 trillion, a PE ratio of 352.07, a price-to-earnings-growth ratio of 11.61 and a beta of 1.89. The stock has a fifty day moving average of $416.30 and a two-hundred day moving average of $426.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $24.90 billion for the quarter, compared to analyst estimates of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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