Catalyst Financial Partners LLC Acquires 1,145 Shares of Tesla, Inc. $TSLA

Catalyst Financial Partners LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 9.6% during the fourth quarter, Holdings Channel reports. The fund owned 13,079 shares of the electric vehicle producer’s stock after purchasing an additional 1,145 shares during the period. Tesla makes up 0.7% of Catalyst Financial Partners LLC’s holdings, making the stock its 21st largest holding. Catalyst Financial Partners LLC’s holdings in Tesla were worth $5,882,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. VanderPol Investments L.L.C. raised its stake in Tesla by 2.2% in the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock valued at $464,000 after acquiring an additional 23 shares during the period. Resonant Capital Advisors LLC raised its stake in Tesla by 0.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock valued at $3,814,000 after acquiring an additional 23 shares during the period. Cloud Capital Management LLC raised its stake in Tesla by 1.1% in the 3rd quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after acquiring an additional 23 shares during the period. Pinnacle Bancorp Inc. raised its stake in Tesla by 4.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 609 shares of the electric vehicle producer’s stock valued at $271,000 after acquiring an additional 24 shares during the period. Finally, PFS Partners LLC raised its stake in Tesla by 4.2% in the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after acquiring an additional 24 shares during the period. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TSLA shares. Canaccord Genuity Group increased their price target on Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Phillip Securities dropped their price target on Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a report on Wednesday. Zacks Research raised Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Roth Mkm reissued a “buy” rating on shares of Tesla in a report on Thursday, April 23rd. Finally, Tigress Financial assumed coverage on Tesla in a report on Monday, April 27th. They set a “buy” rating for the company. Nineteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $398.29.

Check Out Our Latest Research Report on Tesla

Tesla Price Performance

Shares of NASDAQ TSLA opened at $445.18 on Thursday. The stock has a market capitalization of $1.67 trillion, a PE ratio of 408.42, a P/E/G ratio of 17.18 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The business has a fifty day moving average price of $385.07 and a two-hundred day moving average price of $418.18. Tesla, Inc. has a fifty-two week low of $273.21 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. As a group, equities analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $7,188,625.18. The trade was a 11.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 80,213 shares of company stock valued at $30,851,105 over the last ninety days. Insiders own 19.90% of the company’s stock.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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