Private Capital Advisors Inc. Makes New $673,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

Private Capital Advisors Inc. purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,667 shares of the electric vehicle producer’s stock, valued at approximately $673,000.

Several other hedge funds have also made changes to their positions in the company. Kathmere Capital Management LLC lifted its holdings in shares of Tesla by 5.9% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,247 shares of the electric vehicle producer’s stock worth $247,000 after acquiring an additional 70 shares during the last quarter. Ascent Group LLC boosted its stake in shares of Tesla by 29.8% in the second quarter. Ascent Group LLC now owns 12,854 shares of the electric vehicle producer’s stock valued at $2,544,000 after purchasing an additional 2,953 shares during the period. Aviso Wealth Management grew its stake in shares of Tesla by 0.6% in the second quarter. Aviso Wealth Management now owns 12,089 shares of the electric vehicle producer’s stock worth $2,392,000 after acquiring an additional 72 shares in the last quarter. Chicago Wealth Management Inc. raised its stake in shares of Tesla by 2.5% in the second quarter. Chicago Wealth Management Inc. now owns 3,075 shares of the electric vehicle producer’s stock valued at $608,000 after acquiring an additional 75 shares in the last quarter. Finally, Buck Wealth Strategies LLC purchased a new stake in Tesla during the 2nd quarter worth about $357,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TSLA shares. Sanford C. Bernstein restated an “underperform” rating and set a $120.00 price objective on shares of Tesla in a research report on Thursday, October 3rd. Guggenheim raised their target price on shares of Tesla from $156.00 to $175.00 and gave the stock a “sell” rating in a research note on Thursday, December 5th. Cantor Fitzgerald upped their price objective on Tesla from $255.00 to $365.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Evercore ISI raised their target price on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a report on Friday, January 3rd. Finally, Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $313.84.

Tesla Trading Down 1.4 %

NASDAQ:TSLA opened at $406.58 on Monday. The stock has a market cap of $1.31 trillion, a price-to-earnings ratio of 111.39, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The business’s 50-day simple moving average is $398.82 and its 200 day simple moving average is $294.26.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $300.37, for a total transaction of $2,402,960.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at $31,548,461.84. This represents a 7.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. The trade was a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 617,886 shares of company stock valued at $212,451,751 in the last three months. Corporate insiders own 20.70% of the company’s stock.

Tesla 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.