Strategic Family Wealth Counselors L.L.C. Buys 1,629 Shares of Tesla, Inc. (NASDAQ:TSLA)

Strategic Family Wealth Counselors L.L.C. grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 133.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,847 shares of the electric vehicle producer's stock after purchasing an additional 1,629 shares during the period. Strategic Family Wealth Counselors L.L.C.'s holdings in Tesla were worth $1,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Transcendent Capital Group LLC purchased a new position in Tesla during the third quarter valued at approximately $29,000. Peterson Financial Group Inc. acquired a new stake in shares of Tesla during the 3rd quarter valued at $35,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Tesla during the 4th quarter valued at $46,000. PayPay Securities Corp increased its stake in shares of Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer's stock worth $49,000 after acquiring an additional 69 shares during the last quarter. Finally, Finley Financial LLC purchased a new stake in shares of Tesla during the fourth quarter worth $64,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

NASDAQ TSLA traded down $40.52 during trading on Monday, reaching $222.15. 185,593,857 shares of the company traded hands, compared to its average volume of 84,785,266. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a market cap of $714.55 billion, a price-to-earnings ratio of 108.90, a P/E/G ratio of 5.86 and a beta of 2.50. The stock's 50 day moving average price is $367.78 and its two-hundred day moving average price is $319.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TSLA shares. Jefferies Financial Group boosted their target price on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a research note on Thursday, November 14th. Benchmark started coverage on Tesla in a research note on Wednesday, February 12th. They issued a "buy" rating and a $475.00 price target for the company. Canaccord Genuity Group raised their price objective on shares of Tesla from $298.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. UBS Group decreased their target price on shares of Tesla from $259.00 to $225.00 and set a "sell" rating for the company in a research report on Monday. Finally, Morgan Stanley restated a "top pick" rating and set a $430.00 price target on shares of Tesla in a report on Monday, March 3rd. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Tesla currently has an average rating of "Hold" and an average target price of $326.31.

Insider Transactions at Tesla

In other news, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the transaction, the director now owns 1,463,220 shares in the company, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,672 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.56. Following the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $7,242,273.50. This trade represents a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 422,452 shares of company stock valued at $153,659,530. 20.70% of the stock is owned by 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.