4WEALTH Advisors Inc. Acquires New Position in Tesla, Inc. (NASDAQ:TSLA)

4WEALTH Advisors Inc. acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,850 shares of the electric vehicle producer's stock, valued at approximately $1,151,000. Tesla comprises approximately 1.2% of 4WEALTH Advisors Inc.'s investment portfolio, making the stock its 21st biggest position.

Other institutional investors have also recently made changes to their positions in the company. Hengehold Capital Management LLC grew its position in shares of Tesla by 1.8% in the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after buying an additional 24 shares during the last quarter. Strategic Investment Advisors MI grew its holdings in shares of Tesla by 0.3% during the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock worth $2,823,000 after purchasing an additional 24 shares during the last quarter. Acropolis Investment Management LLC increased its position in shares of Tesla by 0.9% during the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock worth $1,136,000 after purchasing an additional 25 shares in the last quarter. Mount Vernon Associates Inc. MD lifted its holdings in shares of Tesla by 0.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock valued at $2,950,000 after purchasing an additional 25 shares during the last quarter. Finally, Vista Finance LLC grew its stake in Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSLA. HSBC decreased their price objective on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a report on Thursday, March 27th. UBS Group dropped their price objective on shares of Tesla from $225.00 to $190.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. BNP Paribas set a $137.00 target price on shares of Tesla and gave the stock an "underperform" rating in a research note on Wednesday, April 16th. TD Cowen raised Tesla from a "hold" rating to a "buy" rating and upped their price objective for the company from $180.00 to $388.00 in a research note on Friday, March 7th. Finally, Glj Research reaffirmed a "sell" rating and set a $19.05 price target (down from $24.86) on shares of Tesla in a report on Monday, April 21st. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average price target of $287.46.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $383.11, for a total value of $2,681,770.00. Following the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at $41,745,581.15. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 486,618 shares of company stock valued at $155,887,459. Insiders own 20.70% of the company's stock.

Tesla Stock Up 2.4 %

Shares of NASDAQ TSLA traded up $6.69 on Friday, hitting $287.21. The company had a trading volume of 113,968,586 shares, compared to its average volume of 95,860,479. The firm has a market capitalization of $925.09 billion, a P/E ratio of 140.79, a PEG ratio of 5.86 and a beta of 2.58. 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, Inc. has a 12-month low of $167.41 and a 12-month high of $488.54. The business has a 50 day moving average of $258.82 and a two-hundred day moving average of $325.18.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period last year, the firm earned $0.45 EPS. As a group, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal 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.