Rothschild Capital Partners LLC Takes Position in Tesla, Inc. (NASDAQ:TSLA)

Rothschild Capital Partners LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,210 shares of the electric vehicle producer’s stock, valued at approximately $1,296,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSLA. Topsail Wealth Management LLC purchased a new stake in shares of Tesla in the fourth quarter valued at about $234,000. Keyvantage Wealth LLC acquired a new position in Tesla in the 4th quarter valued at about $1,080,000. Stonebridge Capital Advisors LLC raised its stake in Tesla by 39.6% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,846 shares of the electric vehicle producer’s stock valued at $745,000 after acquiring an additional 524 shares during the last quarter. Hancock Whitney Corp lifted its position in Tesla by 6.7% during the 4th quarter. Hancock Whitney Corp now owns 49,847 shares of the electric vehicle producer’s stock worth $20,130,000 after acquiring an additional 3,147 shares during the period. Finally, Seven Springs Wealth Group LLC acquired a new position in shares of Tesla in the fourth quarter valued at approximately $364,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tesla news, Director Kimbal Musk sold 75,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the sale, the director now directly owns 1,463,220 shares in the company, valued at $538,274,741.40. This represents a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares in the company, valued at approximately $6,737,500. This trade represents a 12.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 374,228 shares of company stock valued at $123,791,123 over the last quarter. Company insiders own 20.70% of the company’s stock.

Tesla Stock Performance

Tesla stock opened at $259.51 on Friday. The stock has a fifty day moving average price of $265.36 and a 200 day moving average price of $322.18. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52 week low of $158.36 and a 52 week high of $488.54. The firm has a market capitalization of $834.72 billion, a P/E ratio of 127.21, a PEG ratio of 5.86 and a beta of 2.58.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share 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 previous year, the company earned $0.45 earnings per share. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on TSLA. Cantor Fitzgerald lowered their price objective on shares of Tesla from $425.00 to $355.00 and set an “overweight” rating on the stock in a research report on Wednesday. Barclays lowered their target price on shares of Tesla from $325.00 to $275.00 and set an “equal weight” rating on the stock in a report on Monday. Raymond James cut shares of Tesla to an “outperform” rating in a report on Tuesday. Truist Financial set a $280.00 target price on Tesla in a research report on Tuesday. Finally, UBS Group reduced their price target on Tesla from $225.00 to $190.00 and set a “sell” rating for the company in a report on Thursday, April 10th. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $287.46.

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.