Mindset Wealth Management LLC Purchases 446 Shares of Tesla, Inc. (NASDAQ:TSLA)

Mindset Wealth Management LLC lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 15.7% in the 4th quarter, Holdings Channel reports. The fund owned 3,283 shares of the electric vehicle producer’s stock after acquiring an additional 446 shares during the quarter. Tesla accounts for 0.5% of Mindset Wealth Management LLC’s holdings, making the stock its 14th biggest holding. Mindset Wealth Management LLC’s holdings in Tesla were worth $1,326,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TSLA. GS Investments Inc. raised its position in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after acquiring an additional 58 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Tesla in the 4th quarter worth approximately $46,000. Parkworth Wealth Management Inc. purchased a new stake in shares of Tesla in the 4th quarter worth approximately $47,000. PayPay Securities Corp grew its stake in shares of Tesla by 130.2% in the 4th 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. Finally, Rialto Wealth Management LLC purchased a new stake in shares of Tesla in the 4th quarter worth approximately $55,000. Institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company cut their price target on Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a research note on Friday, March 14th. Cowen upgraded Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Evercore ISI increased their target price on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research note on Friday, January 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Monday, February 10th. Finally, New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target on the stock in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $319.56.

Tesla Stock Performance

Tesla stock opened at $236.26 on Friday. The company has a 50 day moving average price of $338.11 and a 200-day moving average price of $319.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The company has a market capitalization of $759.93 billion, a PE ratio of 115.81, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling

In other 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 directly owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 477,228 shares of company stock valued at $166,849,043 over the last 90 days. Corporate insiders own 20.70% of the company’s stock.

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.