Safeguard Financial LLC Buys 7,802 Shares of Tesla, Inc. (NASDAQ:TSLA)

Safeguard Financial LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 429.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,617 shares of the electric vehicle producer's stock after buying an additional 7,802 shares during the period. Tesla makes up about 0.9% of Safeguard Financial LLC's holdings, making the stock its 14th largest holding. Safeguard Financial LLC's holdings in Tesla were worth $2,390,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Wyrmwood Management LLC purchased a new position in Tesla during the 4th quarter valued at about $25,000. Lam Group Inc. purchased a new position in shares of Tesla during the 4th quarter worth approximately $25,000. Alpha Paradigm Partners LLC purchased a new position in shares of Tesla during the 3rd quarter worth approximately $27,000. Perkins Coie Trust Co grew its holdings in shares of Tesla by 72.0% during the 3rd quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 54 shares during the period. Finally, Mendota Financial Group LLC grew its holdings in shares of Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock worth $34,000 after acquiring an additional 91 shares during the period. Institutional investors own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TSLA shares. Jefferies Financial Group cut their price target on Tesla from $185.00 to $165.00 and set a "hold" rating on the stock in a research note on Wednesday, April 10th. China Renaissance started coverage on Tesla in a research note on Monday, February 26th. They issued a "hold" rating on the stock. Morgan Stanley cut their price target on Tesla from $320.00 to $310.00 and set an "overweight" rating on the stock in a research note on Thursday, April 4th. UBS Group lowered their price objective on Tesla from $225.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, March 14th. Finally, Citigroup lowered their price objective on Tesla from $196.00 to $180.00 and set a "neutral" rating on the stock in a research report on Friday. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $198.81.

Insider Activity at Tesla

In related news, SVP Xiaotong Zhu sold 687 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,920,950. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares of the company's stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock worth $38,802,534 over the last 90 days. Company insiders own 20.90% of the company's stock.

Tesla Stock Performance

Tesla stock traded down $4.37 during midday trading on Tuesday, hitting $157.11. 96,854,894 shares of the company's stock were exchanged, compared to its average volume of 102,190,344. Tesla, Inc. has a 12-month low of $152.37 and a 12-month high of $299.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The stock has a market cap of $500.36 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 4.50 and a beta of 2.40. The firm's 50 day simple moving average is $181.44 and its 200 day simple moving average is $213.70.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion for the quarter, compared to analysts' expectations of $25.64 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The company's revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts predict that Tesla, Inc. will post 1.98 EPS for the current year.

Tesla Company 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.

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