Great Waters Wealth Management Grows Position in Tesla, Inc. (NASDAQ:TSLA)

Great Waters Wealth Management lifted its stake in Tesla, Inc. (NASDAQ:TSLA) by 22.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,320 shares of the electric vehicle producer’s stock after buying an additional 780 shares during the quarter. Tesla makes up about 0.2% of Great Waters Wealth Management’s investment portfolio, making the stock its 28th largest position. Great Waters Wealth Management’s holdings in Tesla were worth $1,745,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Transform Wealth LLC lifted its holdings in shares of Tesla by 12.0% in the fourth quarter. Transform Wealth LLC now owns 6,209 shares of the electric vehicle producer’s stock worth $2,507,000 after buying an additional 666 shares in the last quarter. Tarbox Family Office Inc. raised its stake in Tesla by 6.6% during the fourth quarter. Tarbox Family Office Inc. now owns 1,157 shares of the electric vehicle producer’s stock valued at $467,000 after purchasing an additional 72 shares in the last quarter. Clear Harbor Asset Management LLC raised its stake in Tesla by 8.7% during the fourth quarter. Clear Harbor Asset Management LLC now owns 8,228 shares of the electric vehicle producer’s stock valued at $3,323,000 after purchasing an additional 660 shares in the last quarter. Segment Wealth Management LLC raised its stake in Tesla by 9.9% during the fourth quarter. Segment Wealth Management LLC now owns 1,428 shares of the electric vehicle producer’s stock valued at $577,000 after purchasing an additional 129 shares in the last quarter. Finally, Perpetual Ltd raised its stake in Tesla by 122.8% during the fourth quarter. Perpetual Ltd now owns 5,581 shares of the electric vehicle producer’s stock valued at $2,254,000 after purchasing an additional 3,076 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 0.7 %

NASDAQ TSLA opened at $412.38 on Friday. The firm has a market cap of $1.32 trillion, a PE ratio of 112.98, a price-to-earnings-growth ratio of 8.55 and a beta of 2.30. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $395.08 and a 200 day moving average price of $292.13.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TSLA. Royal Bank of Canada upped their price target on shares of Tesla from $249.00 to $313.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and boosted their target price for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. Mizuho upgraded Tesla from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $230.00 to $515.00 in a research report on Tuesday, December 17th. Canaccord Genuity Group boosted their price objective on shares of Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Bank of America cut shares of Tesla from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $400.00 to $490.00 in a research note on Tuesday, January 7th. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $309.48.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $26,727,400. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at approximately $1,868,508. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 617,886 shares of company stock valued at $212,451,751 in the last quarter. 20.70% of the stock is currently owned by corporate insiders.

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.