Family Investment Center Inc. Invests $240,000 in Tesla, Inc. (NASDAQ:TSLA)

Family Investment Center Inc. purchased a new position in Tesla, Inc. (NASDAQ:TSLAFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 966 shares of the electric vehicle producer’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Axiom Financial Strategies LLC increased its holdings in Tesla by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after purchasing an additional 81 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Tesla by 19.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after purchasing an additional 164,789 shares during the period. MAS Advisors LLC increased its holdings in Tesla by 25.7% during the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock worth $433,000 after purchasing an additional 81 shares during the period. Ergoteles LLC boosted its position in Tesla by 33.4% during the 1st quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock valued at $3,844,000 after acquiring an additional 893 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in Tesla by 6.8% during the 1st quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock valued at $77,767,000 after acquiring an additional 4,593 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent research reports. Mizuho reaffirmed a “neutral” rating and set a $195.00 target price (down previously from $270.00) on shares of Tesla in a research report on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $297.00 price objective on shares of Tesla in a research report on Thursday, February 29th. Guggenheim raised their price objective on Tesla from $125.00 to $132.00 and gave the stock a “sell” rating in a research report on Friday, December 15th. KGI Securities reissued a “neutral” rating and issued a $213.00 price objective (down previously from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Finally, UBS Group lowered their price objective on Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Ten equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $208.04.

Get Our Latest Report on TSLA

Tesla Trading Up 2.9 %

Shares of Tesla stock opened at $177.67 on Wednesday. The stock has a market cap of $565.84 billion, a P/E ratio of 41.22, a P/E/G ratio of 3.90 and a beta of 2.41. The stock’s 50 day simple moving average is $189.34 and its 200-day simple moving average is $222.86. Tesla, Inc. has a 1-year low of $152.37 and a 1-year high of $299.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts predict that Tesla, Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,598 shares of company stock worth $36,952,434. Insiders own 20.90% of the company’s stock.

Tesla Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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