Crestwood Advisors Group LLC increased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 34.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,567 shares of the electric vehicle producer's stock after buying an additional 5,039 shares during the quarter. Crestwood Advisors Group LLC's holdings in Tesla were worth $8,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of TSLA. Networth Advisors LLC bought a new stake in Tesla in the 4th quarter worth approximately $26,000. Chapman Financial Group LLC bought a new stake in Tesla in the 2nd quarter worth approximately $26,000. Davidson Capital Management Inc. lifted its position in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after buying an additional 27 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in Tesla in the 3rd quarter worth approximately $29,000. Finally, Prism Advisors Inc. purchased a new position in Tesla in the 4th quarter worth approximately $30,000. Institutional investors own 66.20% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on TSLA shares. Piper Sandler reaffirmed an "overweight" rating on shares of Tesla in a research note on Thursday, January 29th. Roth Mkm reaffirmed a "buy" rating on shares of Tesla in a research note on Thursday, April 23rd. Barclays reaffirmed a "neutral" rating on shares of Tesla in a research note on Thursday, April 23rd. Jefferies Financial Group reaffirmed a "neutral" rating on shares of Tesla in a research note on Wednesday, April 22nd. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $510.00 price target on shares of Tesla in a research note on Wednesday, April 22nd. Nineteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $398.42.
Check Out Our Latest Stock Analysis on TSLA
Tesla News Summary
Here are the key news stories impacting Tesla this week:
Insider Activity at Tesla
In other news, CFO Vaibhav Taneja sold 2,264 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business's stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 80,213 shares of company stock worth $30,851,105 over the last three months. Insiders own 19.90% of the company's stock.
Tesla Price Performance
TSLA opened at $411.27 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla, Inc. has a 52-week low of $273.21 and a 52-week high of $498.83. The stock has a market capitalization of $1.54 trillion, a PE ratio of 377.31, a price-to-earnings-growth ratio of 15.17 and a beta of 1.79. The stock's 50 day moving average price is $382.66 and its 200-day moving average price is $418.37.
Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to analysts' expectations of $22.96 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. The business's revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts predict that Tesla, Inc. will post 1.25 EPS for the current year.
About Tesla
(
Free Report)
Tesla, Inc NASDAQ: TSLA is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company's stated mission is to accelerate the world's transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.
Tesla's automotive business includes a lineup of battery‑electric vehicles and related services.
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