Paradigm Financial Partners LLC Purchases 8,859 Shares of Tesla, Inc. (NASDAQ:TSLA)

Paradigm Financial Partners LLC lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 185.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,646 shares of the electric vehicle producer’s stock after buying an additional 8,859 shares during the period. Paradigm Financial Partners LLC’s holdings in Tesla were worth $3,391,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Advisors LLC increased its position in Tesla by 6.6% during the 4th quarter. Financial Advisors LLC now owns 1,002 shares of the electric vehicle producer’s stock valued at $249,000 after purchasing an additional 62 shares during the period. Stonebrook Private Inc. purchased a new position in Tesla during the fourth quarter valued at approximately $538,000. Once Capital Management LLC purchased a new stake in shares of Tesla during the 4th quarter worth $1,491,000. Principle Wealth Partners LLC raised its stake in shares of Tesla by 2.5% during the 4th quarter. Principle Wealth Partners LLC now owns 19,840 shares of the electric vehicle producer’s stock worth $4,930,000 after acquiring an additional 479 shares in the last quarter. Finally, Opinicus Capital Inc. acquired a new stake in shares of Tesla in the 4th quarter worth $605,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

TSLA traded down $1.89 during trading on Friday, reaching $168.29. The company’s stock had a trading volume of 109,309,500 shares, compared to its average volume of 100,050,800. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $175.04 and a two-hundred day simple moving average of $207.61. The company has a market cap of $536.71 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 4.45 and a beta of 2.39. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29.

Tesla (NASDAQ:TSLA) last announced 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). Tesla had a return on equity of 13.18% and a net margin of 14.37%. The company had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current year.

Insider Transactions at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of the business’s 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 sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 in the last quarter. Company insiders own 25.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Redburn Atlantic started coverage on shares of Tesla in a research note on Wednesday, January 24th. They issued a “sell” rating and a $170.00 target price for the company. Robert W. Baird reissued an “outperform” rating and set a $280.00 price objective on shares of Tesla in a report on Wednesday, April 17th. Daiwa Capital Markets downgraded Tesla from an “outperform” rating to a “neutral” rating and cut their target price for the company from $245.00 to $195.00 in a research report on Tuesday, February 6th. Truist Financial lowered their price target on Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Roth Mkm reiterated a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a research note on Wednesday. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $186.70.

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.