Anchor Pointe Wealth Management LLC Invests $398,000 in Tesla, Inc. (NASDAQ:TSLA)

Anchor Pointe Wealth Management LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 953 shares of the electric vehicle producer's stock, valued at approximately $398,000.

A number of other large investors have also recently bought and sold shares of TSLA. Susquehanna Fundamental Investments LLC bought a new position in Tesla in the 4th quarter worth approximately $56,600,000. Stephens Consulting LLC increased its holdings in shares of Tesla by 126.7% during the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after purchasing an additional 891 shares during the period. Strategic Family Wealth Counselors L.L.C. lifted its holdings in Tesla by 133.7% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after purchasing an additional 1,629 shares during the period. Harvard Management Co. Inc. bought a new position in Tesla in the 4th quarter valued at about $8,158,000. Finally, Vontobel Holding Ltd. increased its stake in Tesla by 23.0% during the 4th quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock valued at $130,158,000 after buying an additional 60,342 shares during the period. Institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 6,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the completion of the transaction, the chief financial officer now directly owns 23,084 shares in the company, valued at approximately $6,833,325.68. This trade represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,395 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at $23,300,200. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 415,623 shares of company stock valued at $116,650,831 over the last 90 days. 20.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Wall Street Zen cut shares of Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a research report on Tuesday, April 22nd. Piper Sandler set a $400.00 price target on shares of Tesla in a research report on Tuesday, May 6th. Finally, UBS Group dropped their price target on Tesla from $225.00 to $190.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tesla presently has an average rating of "Hold" and a consensus price target of $293.97.

Tesla Trading Up 0.4%

NASDAQ:TSLA traded up $1.53 during mid-day trading on Thursday, hitting $358.43. The company had a trading volume of 87,801,445 shares, compared to its average volume of 97,851,204. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The business's fifty day moving average is $284.09 and its two-hundred day moving average is $333.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm has a market cap of $1.15 trillion, a P/E ratio of 175.70, a P/E/G ratio of 5.86 and a beta of 2.43.

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