Tesla, Inc. (NASDAQ:TSLA) Shares Bought by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 85.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,000 shares of the electric vehicle producer’s stock after acquiring an additional 2,300 shares during the quarter. Tesla accounts for 0.7% of MorganRosel Wealth Management LLC’s portfolio, making the stock its 29th largest position. MorganRosel Wealth Management LLC’s holdings in Tesla were worth $2,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swedbank AB increased its position in shares of Tesla by 2.8% in the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock valued at $287,457,000 after buying an additional 29,669 shares in the last quarter. Foundation Wealth Management LLC acquired a new stake in Tesla in the 3rd quarter valued at about $225,000. GSB Wealth Management LLC purchased a new position in Tesla during the 3rd quarter valued at about $209,000. JFS Wealth Advisors LLC raised its position in Tesla by 75.1% during the third quarter. JFS Wealth Advisors LLC now owns 2,014 shares of the electric vehicle producer’s stock worth $527,000 after acquiring an additional 864 shares during the last quarter. Finally, Burr Financial Services LLC purchased a new stake in shares of Tesla in the third quarter valued at about $9,892,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and raised their price target for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Stifel Nicolaus cut their target price on shares of Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Bank of America cut shares of Tesla from a “buy” rating to a “neutral” rating and raised their price target for the stock from $400.00 to $490.00 in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group boosted their price objective on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $319.57.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $30,095,100. This represents a 56.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $374.21, for a total value of $975,191.26. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $40,775,792.65. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock valued at $195,995,200 over the last 90 days. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Down 3.0 %

Shares of Tesla stock opened at $281.95 on Friday. The company has a fifty day moving average price of $387.91 and a 200 day moving average price of $315.28. 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 twelve month low of $138.80 and a twelve month high of $488.54. The stock has a market cap of $906.90 billion, a price-to-earnings ratio of 138.21, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal 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.