Integrated Wealth Concepts LLC Purchases 12,281 Shares of Tesla, Inc. (NASDAQ:TSLA)

Integrated Wealth Concepts LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,581 shares of the electric vehicle producer's stock after acquiring an additional 12,281 shares during the period. Integrated Wealth Concepts LLC's holdings in Tesla were worth $41,427,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TSLA. Horrell Capital Management Inc. increased its position in shares of Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. boosted its position in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares during the period. CoreFirst Bank & Trust acquired a new position in shares of Tesla during the 4th quarter worth approximately $38,000. Delos Wealth Advisors LLC raised its holdings in Tesla by 300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock valued at $40,000 after acquiring an additional 75 shares in the last quarter. Finally, Cyrus J. Lawrence LLC acquired a new stake in shares of Tesla during the 4th quarter worth approximately $44,000. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the sale, the director now directly owns 85,000 shares of the company's stock, valued at $32,643,400. This represents a 56.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total value of $2,681,770.00. Following the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $41,745,581.15. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 374,228 shares of company stock worth $123,791,123 in the last 90 days. 20.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSLA. Bank of America cut their price objective on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Guggenheim reissued a "sell" rating and issued a $170.00 price objective on shares of Tesla in a research report on Thursday. Cowen raised shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a report on Wednesday, April 23rd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Wednesday, April 23rd. Ten 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 issued a strong buy rating to the company's stock. According to MarketBeat, Tesla has an average rating of "Hold" and an average target price of $287.46.

Tesla Stock Performance

Shares of TSLA traded down $7.02 during mid-day trading on Monday, hitting $277.93. The company's stock had a trading volume of 106,583,826 shares, compared to its average volume of 96,017,980. 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 capitalization of $893.97 billion, a PE ratio of 135.31, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The stock's 50-day moving average is $263.98 and its two-hundred day moving average is $323.61. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54.

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

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.