Prospect Financial Services LLC Boosts Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Prospect Financial Services LLC grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 0.3% during the fourth quarter, HoldingsChannel reports. The firm owned 7,500 shares of the electric vehicle producer’s stock after purchasing an additional 26 shares during the quarter. Tesla comprises approximately 1.7% of Prospect Financial Services LLC’s portfolio, making the stock its 21st biggest holding. Prospect Financial Services LLC’s holdings in Tesla were worth $3,029,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TSLA. Transcendent Capital Group LLC acquired a new position in Tesla during the 3rd quarter worth approximately $29,000. Clean Yield Group grew its holdings in Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after acquiring an additional 48 shares during the period. Peterson Financial Group Inc. purchased a new position in Tesla in the third quarter worth $35,000. Quarry LP acquired a new stake in Tesla in the second quarter valued at $48,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Tesla by 692.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock worth $56,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $26,727,400. This represents a 56.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $300.37, for a total transaction of $2,402,960.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $31,548,461.84. This represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 553,386 shares of company stock worth $196,305,796 over the last ninety days. 20.70% of the stock is owned by company insiders.

Tesla Trading Up 1.1 %

TSLA stock opened at $404.60 on Friday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a market cap of $1.30 trillion, a price-to-earnings ratio of 198.33, a PEG ratio of 8.08 and a beta of 2.30. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $403.18 and a 200-day simple moving average of $297.99.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.54% and a net margin of 7.26%. On average, equities research analysts expect that Tesla, Inc. will post 2.82 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on TSLA. UBS Group raised their price objective on shares of Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a research note on Thursday. Canaccord Genuity Group boosted their price target on Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. New Street Research raised Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective for the company in a research note on Monday, January 6th. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a report on Friday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $440.00 price target on shares of Tesla in a research note on Thursday. Nine equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $318.31.

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.