Oxford Financial Group Ltd. Boosts Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Oxford Financial Group Ltd. grew its stake in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 177.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,890 shares of the electric vehicle producer’s stock after purchasing an additional 1,208 shares during the period. Oxford Financial Group Ltd.’s holdings in Tesla were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in TSLA. Quilter Plc grew its position in Tesla by 189.2% in the third quarter. Quilter Plc now owns 103,485 shares of the electric vehicle producer’s stock worth $27,450,000 after acquiring an additional 67,701 shares during the period. Lee Financial Co grew its position in Tesla by 207.0% in the third quarter. Lee Financial Co now owns 439 shares of the electric vehicle producer’s stock worth $117,000 after acquiring an additional 296 shares during the period. AllSquare Wealth Management LLC grew its position in Tesla by 200.0% in the third quarter. AllSquare Wealth Management LLC now owns 237 shares of the electric vehicle producer’s stock worth $63,000 after acquiring an additional 158 shares during the period. Crossmark Global Holdings Inc. grew its position in Tesla by 208.1% in the third quarter. Crossmark Global Holdings Inc. now owns 133,562 shares of the electric vehicle producer’s stock worth $35,427,000 after acquiring an additional 90,214 shares during the period. Finally, Brinker Capital Investments LLC grew its position in Tesla by 176.1% in the third quarter. Brinker Capital Investments LLC now owns 17,909 shares of the electric vehicle producer’s stock worth $4,750,000 after acquiring an additional 11,422 shares during the period. 43.00% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

Shares of TSLA stock opened at $133.42 on Monday. The stock’s 50-day moving average is $150.72 and its two-hundred day moving average is $221.87. The firm has a market cap of $421.31 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 1.10 and a beta of 2.02. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $384.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46.

Insiders Place Their Bets

In other Tesla news, CAO Vaibhav Taneja sold 3,768 shares of the firm’s stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total transaction of $670,967.76. Following the transaction, the chief accounting officer now owns 95,785 shares of the company’s stock, valued at $17,056,434.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the transaction, the senior vice president now owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Vaibhav Taneja sold 3,768 shares of the firm’s stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total value of $670,967.76. Following the transaction, the chief accounting officer now directly owns 95,785 shares in the company, valued at approximately $17,056,434.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,172,833 shares of company stock valued at $4,492,567,309. 25.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TSLA shares. Daiwa Capital Markets lowered their price objective on Tesla from $240.00 to $177.00 and set an “outperform” rating for the company in a research report on Tuesday, December 20th. Deutsche Bank Aktiengesellschaft decreased their price target on Tesla from $250.00 to $220.00 in a research note on Thursday. Jefferies Financial Group decreased their price target on Tesla from $350.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, January 17th. Morgan Stanley decreased their price target on Tesla from $330.00 to $250.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 28th. Finally, TheStreet cut Tesla from a “b-” rating to a “c+” rating in a research note on Tuesday, November 1st. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $218.29.

About Tesla

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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.