NEXT Financial Group Inc Increases Stock Holdings in Tesla Inc (NASDAQ:TSLA)

NEXT Financial Group Inc lifted its stake in shares of Tesla Inc (NASDAQ:TSLA) by 42.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,637 shares of the electric vehicle producer’s stock after buying an additional 491 shares during the period. NEXT Financial Group Inc’s holdings in Tesla were worth $685,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its position in shares of Tesla by 11.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 1,711 shares of the electric vehicle producer’s stock valued at $412,000 after buying an additional 174 shares during the last quarter. Johanson Financial Advisors Inc. purchased a new position in shares of Tesla during the fourth quarter valued at approximately $185,000. Oppenheimer & Co. Inc. boosted its position in shares of Tesla by 35.2% during the third quarter. Oppenheimer & Co. Inc. now owns 9,793 shares of the electric vehicle producer’s stock valued at $2,358,000 after buying an additional 2,551 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Tesla during the third quarter valued at approximately $1,387,000. Finally, First Financial Bank Trust Division purchased a new position in shares of Tesla during the fourth quarter valued at approximately $239,000. 52.61% of the stock is currently owned by institutional investors.

Shares of TSLA opened at $572.20 on Friday. The firm has a market cap of $103.13 billion, a PE ratio of -117.98, a PEG ratio of 3.95 and a beta of 0.64. The stock’s fifty day moving average price is $434.84 and its two-hundred day moving average price is $306.22. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.08 and a quick ratio of 0.73. Tesla Inc has a 1 year low of $176.99 and a 1 year high of $594.50.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $2.28. The firm had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.48 billion. Tesla had a negative return on equity of 13.42% and a negative net margin of 3.39%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.90 earnings per share. Sell-side analysts anticipate that Tesla Inc will post -4.51 earnings per share for the current fiscal year.

In related news, SVP Andrew D. Baglino sold 2,366 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $313.25, for a total transaction of $741,149.50. Following the sale, the senior vice president now directly owns 3,288 shares in the company, valued at approximately $1,029,966. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jerome M. Guillen sold 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $316.32, for a total value of $632,640.00. Following the sale, the insider now owns 10,973 shares in the company, valued at $3,470,979.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,681 shares of company stock worth $31,427,895. Corporate insiders own 24.40% of the company’s stock.

TSLA has been the topic of several research analyst reports. ValuEngine cut Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. BidaskClub cut Tesla from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 18th. New Street Research boosted their price objective on Tesla from $530.00 to $800.00 and gave the stock a “buy” rating in a research report on Tuesday. Roth Capital reissued a “sell” rating and issued a $249.00 price objective on shares of Tesla in a research report on Monday, November 18th. Finally, China Renaissance Securities cut Tesla from a “buy” rating to a “hold” rating and set a $346.00 price objective on the stock. in a research report on Tuesday, November 26th. Nineteen research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $375.91.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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