Willner & Heller LLC Acquires Shares of 713 Tesla, Inc. (NASDAQ:TSLA)

Willner & Heller LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 713 shares of the electric vehicle producer’s stock, valued at approximately $288,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Commonwealth Financial Services LLC increased its stake in shares of Tesla by 11.2% during the second quarter. Commonwealth Financial Services LLC now owns 945 shares of the electric vehicle producer’s stock valued at $187,000 after buying an additional 95 shares during the period. Mill Creek Capital Advisors LLC grew its holdings in Tesla by 0.5% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 25,772 shares of the electric vehicle producer’s stock worth $5,100,000 after acquiring an additional 119 shares in the last quarter. Semmax Financial Advisors Inc. increased its position in Tesla by 9.5% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 921 shares of the electric vehicle producer’s stock valued at $191,000 after purchasing an additional 80 shares during the period. Strata Wealth Advisors LLC raised its holdings in shares of Tesla by 9.2% in the 2nd quarter. Strata Wealth Advisors LLC now owns 2,280 shares of the electric vehicle producer’s stock valued at $451,000 after purchasing an additional 193 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Tesla by 60.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 549,008 shares of the electric vehicle producer’s stock valued at $108,638,000 after purchasing an additional 206,248 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,442,856.32. This represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $26,727,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 621,886 shares of company stock worth $213,451,751. Company insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on TSLA shares. Canaccord Genuity Group upped their target price on Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Cantor Fitzgerald upped their price objective on Tesla from $255.00 to $365.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. HSBC reiterated a “reduce” rating and issued a $124.00 target price on shares of Tesla in a research note on Friday, October 11th. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Tuesday, October 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday, October 24th. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $304.94.

Tesla Stock Down 0.6 %

Shares of TSLA stock opened at $424.07 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The stock has a 50 day moving average of $391.47 and a 200 day moving average of $290.05. The stock has a market cap of $1.36 trillion, a P/E ratio of 116.18, a P/E/G ratio of 8.60 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same period in the previous year, the business posted $0.53 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that Tesla, Inc. will post 2.01 EPS for the current year.

About Tesla

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.