Mirabella Financial Services LLP Purchases 4,578 Shares of Tesla, Inc. $TSLA

Mirabella Financial Services LLP boosted its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 108.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,786 shares of the electric vehicle producer’s stock after purchasing an additional 4,578 shares during the quarter. Mirabella Financial Services LLP’s holdings in Tesla were worth $3,900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after acquiring an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after acquiring an additional 931 shares during the period. Bison Wealth LLC boosted its holdings in shares of Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after acquiring an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Tesla by 9.1% in the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after acquiring an additional 1,011 shares during the period. Finally, AGP Franklin LLC raised its holdings in shares of Tesla by 21.2% during the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after purchasing an additional 851 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Up 1.1%

Shares of TSLA opened at $395.56 on Tuesday. The business’s 50 day moving average is $418.86 and its 200 day moving average is $426.37. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $498.83. The company has a market capitalization of $1.48 trillion, a PE ratio of 366.26, a price-to-earnings-growth ratio of 11.57 and a beta of 1.89.

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

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. BNP Paribas Exane cut their price objective on Tesla from $313.00 to $280.00 and set an “underperform” rating for the company in a research note on Monday, March 2nd. Phillip Securities decreased their target price on shares of Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. President Capital lowered their price target on shares of Tesla from $517.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Finally, Benchmark reiterated a “buy” rating on shares of Tesla in a research report on Wednesday, February 11th. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $406.84.

Read Our Latest Report on Tesla

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the sale, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the sale, the director owned 577,031 shares in the company, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 87,995 shares of company stock valued at $38,315,650. 19.90% of the stock is currently owned by corporate insiders.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Tesla Profile

(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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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