Global Trust Wealth Management LLC Makes New $1.70 Million Investment in Tesla, Inc. $TSLA

Global Trust Wealth Management LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,789 shares of the electric vehicle producer’s stock, valued at approximately $1,704,000. Tesla comprises about 1.3% of Global Trust Wealth Management LLC’s investment portfolio, making the stock its 24th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Relyea Zuckerberg Hanson LLC grew its position in Tesla by 0.4% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock worth $2,916,000 after purchasing an additional 23 shares during the last quarter. Equita Financial Network Inc. lifted its stake in shares of Tesla by 2.8% in the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock worth $380,000 after acquiring an additional 23 shares during the period. VanderPol Investments L.L.C. lifted its stake in shares of 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 worth $464,000 after acquiring an additional 23 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of Tesla by 0.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock worth $3,814,000 after acquiring an additional 23 shares during the period. Finally, Cloud Capital Management LLC lifted its stake in shares of Tesla by 1.1% in the 3rd quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock worth $923,000 after acquiring an additional 23 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Performance

Shares of TSLA opened at $387.51 on Thursday. The company has a 50-day simple moving average of $387.63 and a 200-day simple moving average of $421.62. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.45 trillion, a PE ratio of 358.81, a P/E/G ratio of 12.22 and a beta of 1.91. Tesla, Inc. has a 52-week low of $244.43 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. Equities research analysts predict that Tesla, Inc. will post 1.37 earnings per share for the current fiscal year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Insider Transactions at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 25,809 shares of the firm’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the completion of the transaction, the director directly owned 33,860 shares in the company, valued at approximately $12,166,913.80. This trade represents a 43.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,804 shares of company stock valued at $20,865,598 in the last quarter. Insiders own 19.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. DZ Bank restated a “sell” rating on shares of Tesla in a research note on Thursday, January 29th. TD Cowen reduced their target price on shares of Tesla from $519.00 to $490.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. William Blair restated a “market perform” rating on shares of Tesla in a research note on Friday, January 2nd. Barclays restated a “neutral” rating on shares of Tesla in a research note on Wednesday, April 15th. Finally, Phillip Securities reduced their target price on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Eighteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $397.26.

Check Out Our Latest Analysis on TSLA

About Tesla

(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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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