Coldstream Capital Management Inc. Grows Stake in Tesla, Inc. (NASDAQ:TSLA)

Coldstream Capital Management Inc. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,228 shares of the electric vehicle producer’s stock after purchasing an additional 6,170 shares during the period. Tesla makes up about 0.6% of Coldstream Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. Coldstream Capital Management Inc.’s holdings in Tesla were worth $27,553,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Destination Wealth Management grew its holdings in shares of Tesla by 12.1% during the third quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer’s stock valued at $3,296,000 after buying an additional 1,359 shares during the last quarter. Stephens Consulting LLC increased its holdings in shares of Tesla by 126.7% in the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer’s stock valued at $644,000 after purchasing an additional 891 shares during the period. Worth Asset Management LLC boosted its position in Tesla by 383.1% in the fourth quarter. Worth Asset Management LLC now owns 8,314 shares of the electric vehicle producer’s stock valued at $3,358,000 after buying an additional 6,593 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. raised its position in Tesla by 133.7% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer’s stock worth $1,150,000 after buying an additional 1,629 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its stake in Tesla by 104.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer’s stock valued at $23,242,000 after acquiring an additional 29,458 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

NASDAQ:TSLA opened at $284.95 on Friday. The stock has a 50 day moving average price of $263.98 and a 200 day moving average price of $322.46. The stock has a market cap of $916.55 billion, a PE ratio of 139.68, a P/E/G ratio of 5.86 and a beta of 2.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a one year low of $166.37 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. Equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BNP Paribas set a $137.00 target price on shares of Tesla and gave the stock an “underperform” rating in a report on Wednesday, April 16th. Robert W. Baird reduced their price objective on Tesla from $370.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday. Piper Sandler restated an “overweight” rating on shares of Tesla in a research note on Tuesday. Mizuho reduced their price target on Tesla from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Truist Financial set a $280.00 price objective on Tesla in a research report on Tuesday. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tesla has an average rating of “Hold” and a consensus target price of $287.46.

Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $383.11, for a total value of $2,681,770.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $41,745,581.15. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 374,228 shares of company stock worth $123,791,123 in the last 90 days. Insiders own 20.70% of the company’s stock.

Tesla Company 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.