655 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 655 shares of the electric vehicle producer’s stock, valued at approximately $265,000.

A number of other large investors also recently modified their holdings of the company. Carrera Capital Advisors lifted its holdings in shares of Tesla by 236.6% in the 4th quarter. Carrera Capital Advisors now owns 5,218 shares of the electric vehicle producer’s stock worth $2,107,000 after purchasing an additional 3,668 shares in the last quarter. Crew Capital Management Ltd. lifted its stake in Tesla by 43.4% during the 4th quarter. Crew Capital Management Ltd. now owns 5,168 shares of the electric vehicle producer’s stock valued at $2,087,000 after acquiring an additional 1,565 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Tesla by 1.1% during the 4th quarter. Victory Capital Management Inc. now owns 2,085,957 shares of the electric vehicle producer’s stock valued at $842,393,000 after acquiring an additional 23,405 shares in the last quarter. Mayport LLC lifted its stake in Tesla by 4.2% during the 4th quarter. Mayport LLC now owns 1,783 shares of the electric vehicle producer’s stock valued at $720,000 after acquiring an additional 72 shares in the last quarter. Finally, Keybank National Association OH lifted its stake in Tesla by 4.3% during the 4th quarter. Keybank National Association OH now owns 49,001 shares of the electric vehicle producer’s stock valued at $19,789,000 after acquiring an additional 2,033 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at approximately $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $374.21, for a total value of $975,191.26. Following the completion of the transaction, the chief financial officer now owns 108,965 shares of the company’s stock, valued at approximately $40,775,792.65. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 422,386 shares of company stock worth $153,916,675. 20.70% of the stock is currently owned by insiders.

Tesla Stock Performance

NASDAQ:TSLA opened at $279.10 on Thursday. The business has a 50 day moving average of $374.97 and a 200 day moving average of $318.13. The company has a market capitalization of $897.73 billion, a price-to-earnings ratio of 136.81, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America dropped their price objective on Tesla from $490.00 to $380.00 and set a “neutral” rating on the stock in a research note on Tuesday. Morgan Stanley restated a “top pick” rating and set a $430.00 price objective on shares of Tesla in a research note on Monday. Phillip Securities cut Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Cantor Fitzgerald reiterated a “neutral” rating and set a $365.00 target price on shares of Tesla in a research note on Wednesday, January 29th. Finally, Robert W. Baird lowered their target price on Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $315.33.

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.