Wealth Enhancement Advisory Services LLC Increases Holdings in Tesla, Inc. $TSLA

Wealth Enhancement Advisory Services LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 451,646 shares of the electric vehicle producer’s stock after buying an additional 59,847 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Tesla were worth $195,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Chapman Financial Group LLC bought a new position in Tesla in the second quarter valued at about $26,000. Manning & Napier Advisors LLC bought a new stake in shares of Tesla during the 3rd quarter valued at about $29,000. CoreFirst Bank & Trust bought a new stake in shares of Tesla during the 2nd quarter valued at about $30,000. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla during the 3rd quarter valued at about $30,000. Finally, Texas Capital Bancshares Inc TX bought a new position in shares of Tesla in the 3rd quarter worth approximately $31,000. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In related news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the sale, the director owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. This trade represents a 9.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total value of $10,692,774.36. Following the completion of the transaction, the director directly owned 19,669 shares in the company, valued at approximately $8,173,649.64. This represents a 56.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,995 shares of company stock valued at $38,315,650 over the last ninety days. 19.90% of the stock is currently owned by company insiders.

Key Tesla News

Here are the key news stories impacting Tesla this week:

Tesla Stock Performance

TSLA opened at $367.96 on Monday. The company has a 50 day simple moving average of $414.76 and a two-hundred day simple moving average of $427.84. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. The firm has a market cap of $1.38 trillion, a P/E ratio of 340.70, a PEG ratio of 10.88 and a beta of 1.89. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last released its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $24.90 billion for the quarter, compared to analysts’ expectations of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. Tesla’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 EPS. Equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of research reports. Canaccord Genuity Group set a $520.00 price objective on shares of Tesla in a report on Thursday, January 29th. DZ Bank reiterated a “sell” rating on shares of Tesla in a research report on Thursday, January 29th. Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Thursday, March 12th. Piper Sandler reissued an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Finally, CICC Research upped their price objective on Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $406.84.

Check Out Our Latest Stock Analysis on TSLA

Tesla Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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