Firethorn Wealth Partners LLC Has $460,000 Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Firethorn Wealth Partners LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 96.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,776 shares of the electric vehicle producer's stock after purchasing an additional 872 shares during the quarter. Firethorn Wealth Partners LLC's holdings in Tesla were worth $460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vista Finance LLC increased its position in Tesla by 0.7% in the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after purchasing an additional 25 shares during the period. Jmac Enterprises LLC grew its position in shares of Tesla by 0.7% during the 4th quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock worth $1,569,000 after buying an additional 26 shares during the period. TFB Advisors LLC grew its position in shares of Tesla by 0.5% during the 4th quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock worth $2,105,000 after buying an additional 27 shares during the period. Vista Capital Partners Inc. grew its position in shares of Tesla by 1.4% during the 4th quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock worth $795,000 after buying an additional 27 shares during the period. Finally, Blackston Financial Advisory Group LLC grew its position in shares of Tesla by 1.3% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer's stock worth $875,000 after buying an additional 27 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Cowen upgraded Tesla from a "hold" rating to a "buy" rating and boosted their target price for the stock from $180.00 to $388.00 in a research report on Friday, March 7th. Wedbush set a $500.00 price objective on Tesla in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a research report on Wednesday, April 23rd. Cantor Fitzgerald decreased their price objective on Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Roth Mkm decreased their price objective on Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tesla currently has a consensus rating of "Hold" and an average target price of $294.27.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $285.58, for a total value of $32,096,336.20. Following the transaction, the director now directly owns 85,000 shares of the company's stock, valued at $24,274,300. This represents a 56.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 870,721 shares of company stock worth $286,248,728. Company insiders own 20.70% of the company's stock.

Tesla Stock Performance

TSLA traded up $10.44 during trading hours on Friday, reaching $295.14. The company's stock had a trading volume of 163,425,518 shares, compared to its average volume of 99,864,507. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54. The company's 50-day moving average is $292.17 and its 200-day moving average is $333.62. 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 $950.63 billion, a PE ratio of 144.68, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47.

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