Brooklyn FI LLC Buys 54,141 Shares of Tesla, Inc. (NASDAQ:TSLA)

Brooklyn FI LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 6,317.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,998 shares of the electric vehicle producer’s stock after acquiring an additional 54,141 shares during the period. Brooklyn FI LLC’s holdings in Tesla were worth $22,210,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Xponance Inc. lifted its position in Tesla by 1.1% during the fourth quarter. Xponance Inc. now owns 698,190 shares of the electric vehicle producer’s stock worth $281,957,000 after purchasing an additional 7,589 shares during the period. Generali Asset Management SPA SGR bought a new stake in shares of Tesla during the 4th quarter worth approximately $84,881,000. Evoke Wealth LLC boosted its position in shares of Tesla by 14.3% during the 4th quarter. Evoke Wealth LLC now owns 15,348 shares of the electric vehicle producer’s stock worth $6,198,000 after acquiring an additional 1,915 shares in the last quarter. Horizon Investments LLC increased its stake in Tesla by 24.1% in the fourth quarter. Horizon Investments LLC now owns 65,409 shares of the electric vehicle producer’s stock valued at $26,415,000 after acquiring an additional 12,710 shares during the last quarter. Finally, Carlson Capital Management raised its position in Tesla by 1.6% during the fourth quarter. Carlson Capital Management now owns 8,526 shares of the electric vehicle producer’s stock valued at $3,443,000 after purchasing an additional 132 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 477,228 shares of company stock worth $166,849,043. Insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TSLA. Mizuho decreased their price target on Tesla from $515.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday. Barclays boosted their target price on Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Oppenheimer restated a “mixed” rating on shares of Tesla in a research note on Tuesday. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Finally, Truist Financial raised their target price on shares of Tesla from $351.00 to $373.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $319.25.

Tesla Stock Performance

Shares of TSLA opened at $225.31 on Wednesday. The stock has a 50-day moving average of $344.47 and a 200-day moving average of $320.61. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The company has a market cap of $724.71 billion, a PE ratio of 110.45, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.