Centaurus Financial Inc. Buys 26,682 Shares of Tesla, Inc. (NASDAQ:TSLA)

Centaurus Financial Inc. grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 100.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,332 shares of the electric vehicle producer's stock after purchasing an additional 26,682 shares during the quarter. Tesla comprises about 1.3% of Centaurus Financial Inc.'s investment portfolio, making the stock its 11th largest position. Centaurus Financial Inc.'s holdings in Tesla were worth $21,538,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. True Wealth Design LLC increased its holdings in shares of Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 31 shares in the last quarter. Horrell Capital Management Inc. grew its holdings in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after buying an additional 34 shares in the last quarter. GS Investments Inc. grew its holdings in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 58 shares in the last quarter. Navigoe LLC bought a new position in shares of Tesla during the fourth quarter worth about $37,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Tesla during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity at Tesla

In other news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the sale, the director now owns 855,394 shares of the company's stock, valued at approximately $305,632,276.20. The trade was a 35.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the transaction, the director now owns 85,000 shares in the company, valued at approximately $25,466,850. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 984,783 shares of company stock valued at $320,019,942. Company insiders own 20.70% of the company's stock.

Tesla Stock Performance

Shares of NASDAQ TSLA traded down $9.34 during mid-day trading on Friday, hitting $349.09. The company had a trading volume of 122,996,137 shares, compared to its average volume of 98,033,976. The company has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 171.12, a P/E/G ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The stock's 50-day moving average price is $286.92 and its 200-day moving average price is $333.95.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the prior year, the business posted $0.45 EPS. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on TSLA. Wedbush reiterated an "outperform" rating and set a $500.00 price objective (up from $350.00) on shares of Tesla in a report on Friday, May 23rd. Canaccord Genuity Group reduced their price target on Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Truist Financial set a $280.00 price target on Tesla in a research report on Tuesday, April 22nd. Finally, Mizuho increased their price target on Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $293.97.

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.