S.A. Mason LLC Acquires 158 Shares of Tesla, Inc. (NASDAQ:TSLA)

S.A. Mason LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,453 shares of the electric vehicle producer’s stock after purchasing an additional 158 shares during the quarter. S.A. Mason LLC’s holdings in Tesla were worth $587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TSLA. O Connor Financial Group LLC purchased a new position in Tesla during the 3rd quarter worth $206,000. Wedmont Private Capital increased its holdings in shares of Tesla by 12.5% in the 3rd quarter. Wedmont Private Capital now owns 39,107 shares of the electric vehicle producer’s stock valued at $9,418,000 after acquiring an additional 4,337 shares during the period. Sanibel Captiva Trust Company Inc. increased its holdings in shares of Tesla by 15.0% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 27,102 shares of the electric vehicle producer’s stock valued at $7,091,000 after acquiring an additional 3,530 shares during the period. Enterprise Bank & Trust Co purchased a new position in shares of Tesla in the 3rd quarter valued at $346,000. Finally, Perpetual Ltd acquired a new stake in shares of Tesla in the 3rd quarter worth $655,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $36,761,200. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 664,776 shares of company stock worth $239,746,862. Company insiders own 20.70% of the company’s stock.

Tesla Trading Down 1.0 %

Shares of Tesla stock opened at $374.32 on Friday. The firm has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 183.49, a PEG ratio of 6.79 and a beta of 2.34. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a 50 day moving average of $407.11 and a 200 day moving average of $302.26.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, research analysts predict that Tesla, Inc. will post 2.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSLA. Roth Capital raised Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. New Street Research raised Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Canaccord Genuity Group boosted their price objective on Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Barclays boosted their price objective on Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $322.29.

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.