PKS Advisory Services LLC Invests $755,000 in Tesla, Inc. (NASDAQ:TSLA)

PKS Advisory Services LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,870 shares of the electric vehicle producer’s stock, valued at approximately $755,000.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Tesla by 5.6% during the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer’s stock valued at $955,052,000 after acquiring an additional 194,796 shares in the last quarter. United Bank bought a new position in Tesla in the 3rd quarter worth $287,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Tesla by 61.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 115,241 shares of the electric vehicle producer’s stock valued at $30,151,000 after purchasing an additional 43,950 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Tesla by 21.6% in the third quarter. Eagle Asset Management Inc. now owns 31,232 shares of the electric vehicle producer’s stock worth $8,171,000 after buying an additional 5,545 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in Tesla in the third quarter worth about $3,194,000. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Oppenheimer reiterated a “mixed” rating on shares of Tesla in a report on Tuesday, March 18th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Monday, February 10th. Wells Fargo & Company cut their price objective on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Canaccord Genuity Group reissued a “buy” rating and issued a $404.00 price target on shares of Tesla in a research report on Monday, March 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Nine investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $318.93.

Tesla Stock Performance

NASDAQ:TSLA opened at $278.39 on Tuesday. The stock has a 50-day moving average price of $332.69 and a 200 day moving average price of $321.49. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The stock has a market capitalization of $895.45 billion, a P/E ratio of 136.47, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last released its 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 return on equity of 10.31% and a net margin of 7.26%. Equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at $2,222,802. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Murdoch sold 54,776 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is currently owned by insiders.

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.