Sound Stewardship LLC Acquires New Stake in Tesla, Inc. (NASDAQ:TSLA)

Sound Stewardship LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 787 shares of the electric vehicle producer’s stock, valued at approximately $318,000.

A number of other large investors have also made changes to their positions in the company. Acorn Creek Capital LLC raised its holdings in Tesla by 8.3% in the 4th quarter. Acorn Creek Capital LLC now owns 2,652 shares of the electric vehicle producer’s stock worth $1,071,000 after purchasing an additional 203 shares during the period. Mattern Wealth Management LLC bought a new position in shares of Tesla in the fourth quarter worth about $306,000. Whitcomb & Hess Inc. purchased a new position in shares of Tesla during the 4th quarter valued at about $294,000. IRON Financial LLC bought a new position in shares of Tesla during the 4th quarter valued at approximately $392,000. Finally, Greenup Street Wealth Management LLC increased its holdings in Tesla by 32.2% in the 4th quarter. Greenup Street Wealth Management LLC now owns 25,165 shares of the electric vehicle producer’s stock worth $10,162,000 after acquiring an additional 6,126 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $36,761,200. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at $26,727,400. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 553,386 shares of company stock valued at $196,305,796 in the last quarter. 20.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TSLA shares. Jefferies Financial Group lifted their price target on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Morgan Stanley lifted their target price on shares of Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. UBS Group increased their price target on Tesla from $226.00 to $259.00 and gave the stock a “sell” rating in a research note on Thursday. Glj Research restated a “sell” rating and issued a $24.86 price objective on shares of Tesla in a research report on Friday, January 3rd. Finally, Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Nine investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $318.31.

Tesla Price Performance

Tesla stock opened at $404.60 on Friday. The firm has a market capitalization of $1.30 trillion, a PE ratio of 198.33, a price-to-earnings-growth ratio of 8.08 and a beta of 2.30. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The firm has a 50-day moving average price of $403.18 and a 200-day moving average price of $297.99. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.54%. As a group, equities research analysts forecast that Tesla, Inc. will post 2.82 EPS for the current year.

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.