Tesla, Inc. $TSLA Holdings Raised by Cooper Financial Group

Cooper Financial Group increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,187 shares of the electric vehicle producer’s stock after purchasing an additional 1,726 shares during the quarter. Tesla accounts for about 1.7% of Cooper Financial Group’s investment portfolio, making the stock its 14th largest holding. Cooper Financial Group’s holdings in Tesla were worth $15,649,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TSLA. Brighton Jones LLC boosted its stake in Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after acquiring an additional 9,293 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares during the last quarter. Bison Wealth LLC lifted its holdings in shares of Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares during the last quarter. EntryPoint Capital LLC boosted its position in Tesla by 79.2% during the 1st quarter. EntryPoint Capital LLC now owns 1,301 shares of the electric vehicle producer’s stock valued at $337,000 after purchasing an additional 575 shares during the period. Finally, Capital Analysts LLC grew its stake in Tesla by 46.9% during the 1st quarter. Capital Analysts LLC now owns 4,060 shares of the electric vehicle producer’s stock worth $1,052,000 after buying an additional 1,297 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA stock opened at $483.37 on Friday. The company has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 322.25, a P/E/G ratio of 11.68 and a beta of 1.87. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $495.28. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $438.62 and its 200-day simple moving average is $379.59.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 19.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TSLA shares. Cowen reiterated a “buy” rating on shares of Tesla in a research note on Monday, November 17th. UBS Group reaffirmed a “sell” rating on shares of Tesla in a report on Friday, November 7th. Robert W. Baird upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $320.00 to $548.00 in a research report on Friday, September 19th. HSBC reissued a “reduce” rating on shares of Tesla in a research note on Monday, November 17th. Finally, Cantor Fitzgerald set a $510.00 price target on shares of Tesla and gave the company an “overweight” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $402.25.

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.