Oxford Financial Group Ltd. Acquires 1,208 Shares of Tesla, Inc. (NASDAQ:TSLA)

Oxford Financial Group Ltd. raised its position in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 177.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. Axiom Financial Strategies LLC increased its holdings in shares of Tesla by 9.8% in the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock valued at $777,000 after acquiring an additional 81 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Tesla by 19.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after acquiring an additional 164,789 shares during the period. MAS Advisors LLC increased its holdings in shares of Tesla by 25.7% in the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after acquiring an additional 81 shares during the period. Ergoteles LLC increased its holdings in shares of Tesla by 33.4% in 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 during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Tesla by 6.8% in 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 during the period. 43.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Zachary Kirkhorn sold 3,752 shares of the company’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total value of $410,131.12. Following the completion of the transaction, the chief financial officer now owns 200,411 shares of the company’s stock, valued at approximately $21,906,926.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tesla news, CFO Zachary Kirkhorn sold 3,752 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total transaction of $410,131.12. Following the completion of the sale, the chief financial officer now directly owns 200,411 shares in the company, valued at approximately $21,906,926.41. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $229.95, for a total value of $2,414,475.00. Following the sale, the senior vice president now owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,172,833 shares of company stock valued at $4,492,567,309. 25.10% of the stock is owned by company insiders.

Tesla Stock Performance

NASDAQ TSLA opened at $133.42 on Monday. The stock has a market capitalization 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 twelve month low of $101.81 and a twelve month high of $384.29. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $150.72 and a 200 day moving average of $221.87.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TSLA. Mizuho cut their price target on Tesla from $285.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, January 5th. The Goldman Sachs Group cut their price target on Tesla from $235.00 to $205.00 and set a “buy” rating on the stock in a report on Monday, January 2nd. Edward Jones upgraded Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, January 5th. TheStreet downgraded Tesla from a “b-” rating to a “c+” rating in a research note on Tuesday, November 1st. Finally, Wedbush dropped their target price on Tesla from $250.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, December 23rd. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $218.29.

Tesla Profile

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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.