Financial Perspectives Inc Raises Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Financial Perspectives Inc grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,840 shares of the electric vehicle producer’s stock after acquiring an additional 77 shares during the period. Tesla comprises approximately 1.1% of Financial Perspectives Inc’s holdings, making the stock its 23rd biggest holding. Financial Perspectives Inc’s holdings in Tesla were worth $3,166,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vista Capital Partners Inc. raised its stake in shares of Tesla by 1.4% in the 4th quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer’s stock valued at $795,000 after acquiring an additional 27 shares during the period. Strata Wealth Advisors LLC raised its stake in shares of Tesla by 13.9% in the 4th quarter. Strata Wealth Advisors LLC now owns 2,884 shares of the electric vehicle producer’s stock valued at $1,165,000 after acquiring an additional 351 shares during the period. Legacy Solutions LLC purchased a new position in shares of Tesla in the 4th quarter valued at $207,000. Hudson Value Partners LLC acquired a new stake in Tesla during the 4th quarter valued at $235,000. Finally, Laidlaw Wealth Management LLC grew its holdings in Tesla by 6.8% during the 4th quarter. Laidlaw Wealth Management LLC now owns 12,250 shares of the electric vehicle producer’s stock valued at $4,947,000 after purchasing an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at approximately $1,903,716. The trade was a 94.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $374.21, for a total transaction of $975,191.26. Following the sale, the chief financial officer now owns 108,965 shares in the company, valued at $40,775,792.65. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 523,386 shares of company stock worth $195,995,200 in the last ninety days. 20.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on TSLA. Morgan Stanley reaffirmed an “overweight” rating on shares of Tesla in a report on Tuesday. Jefferies Financial Group raised 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. Royal Bank of Canada reaffirmed a “mixed” rating on shares of Tesla in a report on Saturday, February 8th. UBS Group raised their price target on shares of Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company raised their price target on shares of Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 30th. Ten research analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $319.57.

Tesla Trading Down 4.7 %

Shares of NASDAQ:TSLA opened at $337.80 on Friday. The company has a market cap of $1.09 trillion, a PE ratio of 165.59, a P/E/G ratio of 5.86 and a beta of 2.34. The company’s 50-day moving average price is $400.17 and its 200 day moving average price is $313.18. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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 10.31%. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla 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.