Tilia Fiduciary Partners Inc. Takes Position in Tesla, Inc. (NASDAQ:TSLA)

Tilia Fiduciary Partners Inc. purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 543 shares of the electric vehicle producer’s stock, valued at approximately $219,000.

Other institutional investors have also added to or reduced their stakes in the company. Linscomb Wealth Inc. increased its holdings in shares of Tesla by 3.9% in the 2nd quarter. Linscomb Wealth Inc. now owns 4,070 shares of the electric vehicle producer’s stock worth $805,000 after buying an additional 153 shares during the last quarter. Barings LLC raised its position in Tesla by 74.1% during the second quarter. Barings LLC now owns 2,807 shares of the electric vehicle producer’s stock valued at $555,000 after purchasing an additional 1,195 shares during the period. Bell Investment Advisors Inc boosted its holdings in shares of Tesla by 7.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 2,255 shares of the electric vehicle producer’s stock worth $446,000 after purchasing an additional 165 shares during the period. Altman Advisors Inc. raised its holdings in Tesla by 0.6% during the 2nd quarter. Altman Advisors Inc. now owns 10,711 shares of the electric vehicle producer’s stock valued at $2,119,000 after buying an additional 69 shares during the period. Finally, Wealthgarden F.S. LLC bought a new stake in Tesla in the second quarter worth $262,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ TSLA traded down $0.20 during mid-day trading on Friday, hitting $394.74. The stock had a trading volume of 61,427,888 shares, compared to its average volume of 82,911,898. The company has a 50 day moving average of $373.68 and a two-hundred day moving average of $279.12. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The firm has a market cap of $1.27 trillion, a PE ratio of 108.15, a PEG ratio of 10.80 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. Research analysts predict that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $26,258,000. This trade represents a 3.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 621,886 shares of company stock valued at $213,451,751 in the last ninety days. Insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TSLA shares. Mizuho raised shares of Tesla from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $230.00 to $515.00 in a research report on Tuesday, December 17th. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and increased their target price for the stock from $85.00 to $380.00 in a research note on Monday, December 2nd. The Goldman Sachs Group raised their price target on shares of Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Canaccord Genuity Group boosted their price objective on shares of Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company lifted their price target on shares of Tesla from $120.00 to $125.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Nine investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $295.69.

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.