K.J. Harrison & Partners Inc Buys 4,970 Shares of Tesla, Inc. (NASDAQ:TSLA)

K.J. Harrison & Partners Inc boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 40.0% during the fourth quarter, Holdings Channel reports. The fund owned 17,380 shares of the electric vehicle producer’s stock after acquiring an additional 4,970 shares during the period. K.J. Harrison & Partners Inc’s holdings in Tesla were worth $4,319,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC increased its stake in Tesla by 1.0% in the 3rd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock worth $1,089,000 after purchasing an additional 42 shares during the period. Holderness Investments Co. lifted its holdings in Tesla by 1.6% in the 3rd quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock worth $650,000 after buying an additional 42 shares during the period. SCS Capital Management LLC increased its stake in shares of Tesla by 0.3% during the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock valued at $4,224,000 after buying an additional 45 shares during the period. Daymark Wealth Partners LLC raised its holdings in shares of Tesla by 0.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after acquiring an additional 45 shares in the last quarter. Finally, ML & R Wealth Management LLC lifted its stake in Tesla by 2.6% in the third quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock worth $455,000 after acquiring an additional 46 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the subject of several research reports. Roth Mkm restated a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a report on Wednesday. Sanford C. Bernstein lowered their price objective on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, March 26th. Barclays decreased their target price on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. JPMorgan Chase & Co. dropped their price target on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 3rd. Finally, Oppenheimer reiterated a “market perform” rating on shares of Tesla in a report on Wednesday. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus price target of $186.70.

Insider Activity

In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was 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 SEC, which is accessible through this link. Also, 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 value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock valued at $38,802,534 in the last quarter. 25.10% of the stock is currently owned by insiders.

Tesla Stock Performance

NASDAQ:TSLA traded down $1.89 during trading hours on Friday, reaching $168.29. The company had a trading volume of 109,309,500 shares, compared to its average volume of 103,386,453. The firm’s 50 day moving average price is $175.04 and its 200-day moving average price is $208.00. The firm has a market cap of $535.97 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 4.28 and a beta of 2.39. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 EPS. On average, analysts forecast that Tesla, Inc. will post 1.97 EPS for the current year.

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.