Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,089 shares of the electric vehicle producer’s stock after buying an additional 40 shares during the period. Patton Albertson Miller Group LLC’s holdings in Tesla were worth $440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in shares of Tesla in the 3rd quarter worth about $29,000. Clean Yield Group boosted its stake in Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after acquiring an additional 48 shares during the period. Peterson Financial Group Inc. bought a new position in shares of Tesla during the third quarter valued at approximately $35,000. M&R Capital Management Inc. raised its position in shares of Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock worth $36,000 after purchasing an additional 100 shares during the period. Finally, Quarry LP bought a new stake in shares of Tesla in the 2nd quarter worth approximately $48,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the sale, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,442,856.32. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 617,886 shares of company stock worth $212,451,751. 20.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Robert W. Baird raised their price target on Tesla from $280.00 to $480.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Barclays upped their price objective on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. Finally, Truist Financial reissued a “hold” rating and issued a $360.00 price objective on shares of Tesla in a research note on Thursday, January 2nd. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $313.84.

Tesla Trading Up 0.3 %

Shares of NASDAQ:TSLA opened at $398.31 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.28 trillion, a PE ratio of 109.13, a P/E/G ratio of 8.42 and a beta of 2.30. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The firm has a fifty day moving average price of $399.99 and a 200 day moving average price of $295.57.

About Tesla

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.