LifeWealth Investments LLC Buys Shares of 2,092 Tesla, Inc. (NASDAQ:TSLA)

LifeWealth Investments LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,092 shares of the electric vehicle producer's stock, valued at approximately $845,000.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC lifted its stake in shares of Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 31 shares during the last quarter. Horrell Capital Management Inc. lifted its stake in shares of Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares during the last quarter. GS Investments Inc. lifted its stake in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC purchased a new stake in shares of Tesla during the 4th quarter worth $37,000. Finally, CoreFirst Bank & Trust purchased a new stake in Tesla in the fourth quarter valued at about $38,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the transaction, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 6,000 shares of Tesla stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $296.02, for a total value of $1,776,120.00. Following the transaction, the chief financial officer now owns 23,084 shares in the company, valued at approximately $6,833,325.68. The trade was a 20.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 415,623 shares of company stock valued at $116,650,831 over the last ninety days. Insiders own 20.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on TSLA shares. Bank of America decreased their price target on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Barclays decreased their price target on Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. HSBC decreased their price target on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research note on Thursday, March 27th. Finally, Piper Sandler set a $400.00 price target on Tesla in a research note on Tuesday, May 6th. Ten 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of "Hold" and an average target price of $293.97.

Tesla Price Performance

TSLA traded up $4.58 during trading on Thursday, hitting $361.48. The company's stock had a trading volume of 51,415,598 shares, compared to its average volume of 97,540,137. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The business's fifty day simple moving average is $284.09 and its 200 day simple moving average is $333.75. The firm has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 177.31, a P/E/G ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54.

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