Patriot Financial Group Insurance Agency LLC Acquires 1,310 Shares of Tesla, Inc. (NASDAQ:TSLA)

Patriot Financial Group Insurance Agency LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 10.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,031 shares of the electric vehicle producer’s stock after purchasing an additional 1,310 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Tesla were worth $3,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TSLA. True Wealth Design LLC boosted its position in Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 31 shares in the last quarter. Horrell Capital Management Inc. boosted its position in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. GS Investments Inc. boosted its position in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after acquiring an additional 58 shares in the last quarter. Navigoe LLC bought a new stake in Tesla during the 4th quarter valued at approximately $37,000. Finally, CoreFirst Bank & Trust bought a new stake in Tesla during the 4th quarter valued at approximately $38,000. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

Shares of TSLA opened at $295.14 on Friday. The firm has a market cap of $950.63 billion, a PE ratio of 144.68, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $292.17 and a two-hundred day simple moving average of $333.56. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Glj Research reaffirmed a “sell” rating and set a $19.05 price objective (down from $24.86) on shares of Tesla in a research report on Monday, April 21st. HSBC cut their price objective on Tesla from $165.00 to $130.00 and set a “reduce” rating on the stock in a research report on Thursday, March 27th. Cantor Fitzgerald dropped their price target on Tesla from $425.00 to $355.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Cfra Research cut Tesla from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. Finally, Piper Sandler set a $400.00 price target on Tesla in a research report on Tuesday, May 6th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $294.27.

Insider Buying and Selling at Tesla

In related news, Director Joseph Gebbia bought 4,000 shares of the firm’s stock in a transaction on Thursday, April 24th. The stock was acquired at an average cost of $256.31 per share, for a total transaction of $1,025,240.00. Following the purchase, the director now owns 4,111 shares in the company, valued at approximately $1,053,690.41. This represents a 3,603.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Murdoch sold 54,776 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares of the company’s stock, valued at $114,859,478.69. This trade represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 870,721 shares of company stock worth $286,248,728. Insiders own 20.70% of the company’s stock.

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.