Bfsg LLC Sells 74 Shares of Tesla, Inc. (NASDAQ:TSLA)

Bfsg LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,381 shares of the electric vehicle producer’s stock after selling 74 shares during the quarter. Bfsg LLC’s holdings in Tesla were worth $4,192,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of Tesla during the 3rd quarter worth about $29,000. Peterson Financial Group Inc. bought a new stake in Tesla during the 3rd quarter valued at approximately $35,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Tesla during the 4th quarter valued at approximately $46,000. PayPay Securities Corp boosted its stake in Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after purchasing an additional 69 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in Tesla by 692.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after purchasing an additional 187 shares during the period. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several recent analyst reports. The Goldman Sachs Group increased their target price on Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Truist Financial increased their target price on Tesla from $351.00 to $373.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Bank of America downgraded Tesla from a “buy” rating to a “neutral” rating and increased their target price for the company from $400.00 to $490.00 in a research note on Tuesday, January 7th. Piper Sandler upped their price target on Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley upped their price target on Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Nine research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus price target of $326.50.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at approximately $1,903,716. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 75,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the sale, the director now directly owns 1,463,220 shares in the company, valued at $538,274,741.40. The trade was a 4.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 523,386 shares of company stock worth $195,995,200 in the last three months. Insiders own 20.70% of the company’s stock.

Tesla Stock Down 4.7 %

NASDAQ:TSLA opened at $337.80 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.09 trillion, a P/E ratio of 165.59, a P/E/G ratio of 5.97 and a beta of 2.34. The stock’s fifty day simple moving average is $400.17 and its 200-day simple moving average is $312.40.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share 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.