Tesla, Inc. (NASDAQ:TSLA) Position Increased by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,969 shares of the electric vehicle producer’s stock after buying an additional 737 shares during the period. Tesla accounts for approximately 1.2% of Samalin Investment Counsel LLC’s portfolio, making the stock its 13th biggest holding. Samalin Investment Counsel LLC’s holdings in Tesla were worth $2,814,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSLA. GS Investments Inc. lifted its position in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after buying an additional 58 shares during the last quarter. Cyrus J. Lawrence LLC acquired a new stake in shares of Tesla in the fourth quarter worth about $44,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Tesla in the fourth quarter worth about $46,000. Parkworth Wealth Management Inc. acquired a new stake in shares of Tesla in the fourth quarter worth about $47,000. Finally, PayPay Securities Corp lifted its position in shares of Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This represents a 94.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the company’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders have sold 477,228 shares of company stock valued at $166,849,043 in the last three months. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Up 5.3 %

Shares of TSLA opened at $248.71 on Friday. The company has a market capitalization of $799.98 billion, a P/E ratio of 121.92, a PEG ratio of 5.86 and a beta of 2.50. 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, Inc. has a one year low of $138.80 and a one year high of $488.54. The business’s 50 day simple moving average is $335.19 and its 200-day simple moving average is $320.44.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TSLA shares. Piper Sandler reduced their price target on Tesla from $500.00 to $450.00 and set an “overweight” rating for the company in a research report on Thursday. Benchmark initiated coverage on Tesla in a research note on Wednesday, February 12th. They issued a “buy” rating and a $475.00 price objective on the stock. Evercore ISI lifted their price objective on Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research note on Friday, January 3rd. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Tesla in a research note on Thursday. Finally, Oppenheimer reiterated a “mixed” rating on shares of Tesla in a research note on Tuesday. Nine investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $318.93.

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.