Bristlecone Advisors LLC Acquires 1,048 Shares of Tesla, Inc. (NASDAQ:TSLA)

Bristlecone Advisors LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,904 shares of the electric vehicle producer’s stock after buying an additional 1,048 shares during the quarter. Tesla comprises 0.9% of Bristlecone Advisors LLC’s portfolio, making the stock its 29th biggest holding. Bristlecone Advisors LLC’s holdings in Tesla were worth $11,269,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in Tesla during the 3rd quarter worth about $29,000. Peterson Financial Group Inc. bought a new stake in Tesla during the 3rd quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 worth $56,000 after purchasing an additional 187 shares during the last quarter. Finley Financial LLC bought a new stake in Tesla during the 4th quarter worth about $64,000. Finally, Abich Financial Wealth Management LLC raised its holdings in Tesla by 136.4% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock worth $80,000 after purchasing an additional 176 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $374.21, for a total transaction of $975,191.26. Following the sale, the chief financial officer now owns 108,965 shares in the company, valued at $40,775,792.65. This represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total value of $39,792,803.40. Following the sale, the director now owns 85,000 shares in the company, valued at approximately $30,095,100. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 523,386 shares of company stock worth $195,995,200 in the last 90 days. Corporate insiders own 20.70% of the company’s stock.

Tesla Trading Up 5.8 %

NASDAQ:TSLA opened at $355.94 on Friday. Tesla, Inc. has a twelve month low of $138.80 and a twelve 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 business has a 50 day moving average price of $407.25 and a two-hundred day moving average price of $306.44. The company has a market cap of $1.14 trillion, a P/E ratio of 174.48, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, analysts expect that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on TSLA shares. KGI Securities raised Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price objective for the company in a report on Thursday, October 24th. Guggenheim reissued a “sell” rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday, January 29th. Benchmark initiated coverage on Tesla in a report on Wednesday. They set a “buy” rating and a $475.00 price objective for the company. Robert W. Baird decreased their target price on Tesla from $480.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $440.00 target price on shares of Tesla in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $326.50.

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.