Chancellor Financial Group WB LP Takes Position in Tesla, Inc. (NASDAQ:TSLA)

Chancellor Financial Group WB LP bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,430 shares of the electric vehicle producer's stock, valued at approximately $577,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new position in Tesla in the 4th quarter valued at about $56,600,000. Stephens Consulting LLC grew its position in shares of Tesla by 126.7% during the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after purchasing an additional 891 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. grew its position in shares of Tesla by 133.7% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after purchasing an additional 1,629 shares in the last quarter. Harvard Management Co. Inc. acquired a new position in shares of Tesla during the 4th quarter worth approximately $8,158,000. Finally, Vontobel Holding Ltd. grew its position in shares of Tesla by 23.0% during the 4th quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock worth $130,158,000 after purchasing an additional 60,342 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TSLA. Truist Financial set a $280.00 target price on shares of Tesla in a research report on Tuesday, April 22nd. TD Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating and increased their price target for the stock from $180.00 to $388.00 in a research report on Friday, March 7th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a research report on Tuesday, April 22nd. Argus set a $410.00 price target on shares of Tesla in a research report on Thursday, April 24th. Finally, Wall Street Zen lowered shares of Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $293.97.

Tesla Stock Down 2.6%

TSLA stock traded down $9.34 during mid-day trading on Friday, reaching $349.09. 122,996,137 shares of the company traded hands, compared to its average volume of 98,033,976. The stock has a market cap 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. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The firm'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 earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period in the prior year, the business earned $0.45 EPS. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the sale, the director now owns 85,000 shares of the company's stock, valued at $25,466,850. The trade was a 56.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director now directly owns 855,394 shares in the company, valued at $305,632,276.20. The trade was a 35.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 984,783 shares of company stock valued at $320,019,942 in the last 90 days. 20.70% of the stock is currently owned by company insiders.

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.