Liberty Square Wealth Partners LLC Acquires Shares of 2,139 Tesla, Inc. (NASDAQ:TSLA)

Liberty Square Wealth Partners LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,139 shares of the electric vehicle producer's stock, valued at approximately $864,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Group Ltd. bought a new stake in shares of Tesla in the fourth quarter worth $275,000. Comprehensive Financial Planning Inc. PA purchased a new position in Tesla in the fourth quarter worth about $1,361,000. Tallon Kerry Patrick bought a new stake in shares of Tesla during the 4th quarter valued at about $374,000. Simon Quick Advisors LLC increased its position in shares of Tesla by 4.7% during the 4th quarter. Simon Quick Advisors LLC now owns 20,433 shares of the electric vehicle producer's stock valued at $8,252,000 after purchasing an additional 908 shares during the last quarter. Finally, Genesis Private Wealth LLC purchased a new stake in shares of Tesla during the 4th quarter valued at about $584,000. Institutional investors own 66.20% of the company's stock.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $350.11, for a total transaction of $1,050,330.00. Following the transaction, the chief financial officer now owns 26,950 shares in the company, valued at $9,435,464.50. The trade was a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph Gebbia bought 4,000 shares of Tesla stock in a transaction dated Thursday, April 24th. The stock was purchased at an average cost of $256.31 per share, for a total transaction of $1,025,240.00. Following the purchase, the director now owns 4,111 shares of the company's stock, valued at approximately $1,053,690.41. This trade represents a 3,603.60% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 415,623 shares of company stock valued at $116,650,831. 20.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TSLA has been the subject of several recent research reports. Cfra Research lowered shares of Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. HSBC dropped their price target on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a research note on Thursday, March 27th. Cowen upgraded Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Truist Financial set a $280.00 target price on Tesla in a report on Tuesday, April 22nd. Finally, Piper Sandler set a $400.00 price objective on Tesla in a research note on Tuesday, May 6th. Ten 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average price target of $293.97.

Tesla Price Performance

NASDAQ:TSLA traded up $23.55 during trading hours on Tuesday, reaching $362.89. The stock had a trading volume of 118,443,476 shares, compared to its average volume of 97,589,424. The stock has a market capitalization of $1.17 trillion, a PE ratio of 177.89, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54. The company has a 50 day moving average price of $279.40 and a two-hundred day moving average price of $333.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.45 earnings per share. As a group, sell-side analysts anticipate 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.