White Knight Strategic Wealth Advisors LLC Increases Position in Tesla, Inc. (NASDAQ:TSLA)

White Knight Strategic Wealth Advisors LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 82.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,496 shares of the electric vehicle producer's stock after purchasing an additional 14,249 shares during the quarter. Tesla comprises 5.3% of White Knight Strategic Wealth Advisors LLC's holdings, making the stock its 3rd largest holding. White Knight Strategic Wealth Advisors LLC's holdings in Tesla were worth $12,719,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC bought a new position in shares of Tesla in the 4th quarter worth $56,600,000. Stephens Consulting LLC lifted its stake in shares of Tesla by 126.7% in the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after buying an additional 891 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. grew its holdings in shares of Tesla by 133.7% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after buying an additional 1,629 shares during the last quarter. Harvard Management Co. Inc. bought a new stake in shares of Tesla during the fourth quarter worth about $8,158,000. Finally, Ameritas Advisory Services LLC increased its position in shares of Tesla by 104.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer's stock worth $23,242,000 after acquiring an additional 29,458 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 6,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the transaction, the chief financial officer now directly owns 23,084 shares in the company, valued at $6,833,325.68. This trade represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,395 shares of Tesla stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the transaction, the director now directly owns 85,000 shares in the company, valued at $23,300,200. This trade represents a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 412,623 shares of company stock valued at $115,600,501. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Down 2.3%

TSLA stock opened at $342.09 on Tuesday. The company's 50 day moving average is $269.23 and its 200 day moving average is $331.30. The stock has a market cap of $1.10 trillion, a price-to-earnings ratio of 167.69, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $167.41 and a 1-year 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 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the company earned $0.45 EPS. Sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TSLA shares. Piper Sandler set a $400.00 price target on Tesla in a research note on Tuesday, May 6th. Roth Mkm cut their target price on Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Barclays lowered their price target on Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, Wells Fargo & Company reduced their target price on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $289.43.

About Tesla

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.

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