Paradigm Financial Partners LLC Has $3.39 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Paradigm Financial Partners LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 185.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,646 shares of the electric vehicle producer’s stock after acquiring an additional 8,859 shares during the quarter. Paradigm Financial Partners LLC’s holdings in Tesla were worth $3,391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Walkner Condon Financial Advisors LLC grew its position in shares of Tesla by 12.0% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 2,169 shares of the electric vehicle producer’s stock valued at $543,000 after buying an additional 233 shares during the last quarter. Trust Co. of Toledo NA OH lifted its position in shares of Tesla by 24.8% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 3,834 shares of the electric vehicle producer’s stock worth $959,000 after purchasing an additional 761 shares during the period. Country Club Bank GFN boosted its stake in shares of Tesla by 4.9% in the 3rd quarter. Country Club Bank GFN now owns 7,171 shares of the electric vehicle producer’s stock valued at $1,767,000 after purchasing an additional 336 shares during the last quarter. Walter & Keenan Wealth Management LLC IN ADV increased its position in shares of Tesla by 13.5% during the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 1,036 shares of the electric vehicle producer’s stock worth $259,000 after buying an additional 123 shares during the period. Finally, Covenant Partners LLC raised its stake in Tesla by 274.8% during the third quarter. Covenant Partners LLC now owns 3,493 shares of the electric vehicle producer’s stock worth $874,000 after buying an additional 2,561 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TSLA shares. The Goldman Sachs Group decreased their target price on Tesla from $190.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Barclays lowered their price objective on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Truist Financial reduced their price target on shares of Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a report on Wednesday. Finally, Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Wednesday. Eight investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average price target of $186.70.

Tesla Stock Performance

NASDAQ TSLA traded down $1.89 during trading hours on Friday, reaching $168.29. 109,309,500 shares of the company were exchanged, compared to its average volume of 100,050,800. The stock has a market capitalization of $536.71 billion, a P/E ratio of 42.93, a P/E/G ratio of 4.45 and a beta of 2.39. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The business’s 50 day simple moving average is $175.04 and its 200-day simple moving average is $207.61.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results 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). The company had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $1.07 EPS. On average, equities research analysts expect that Tesla, Inc. will post 1.97 earnings per share for the current year.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the 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 sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 in the last 90 days. Insiders own 25.10% 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.