1,786 Shares in Tesla, Inc. $TSLA Bought by Towerpoint Wealth LLC

Towerpoint Wealth LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,786 shares of the electric vehicle producer’s stock, valued at approximately $803,000.

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

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the business’s stock in a transaction dated 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 transaction, the director owned 19,669 shares of the company’s stock, valued at approximately $8,173,649.64. The trade was a 56.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 87,995 shares of company stock valued at $38,315,650 in the last three months. Company insiders own 19.90% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $361.83 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The stock has a market cap of $1.36 trillion, a PE ratio of 335.03, a price-to-earnings-growth ratio of 10.71 and a beta of 1.89. The stock has a fifty day moving average of $408.20 and a 200-day moving average of $428.92.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. During the same quarter last year, the company earned $0.73 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of recent analyst reports. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research report on Thursday, March 12th. UBS Group lifted their price target on shares of Tesla from $307.00 to $352.00 and gave the stock a “sell” rating in a report on Thursday, January 29th. Wedbush reissued an “outperform” rating and set a $600.00 price objective on shares of Tesla in a report on Friday. JPMorgan Chase & Co. lowered their target price on Tesla from $150.00 to $145.00 and set an “underweight” rating on the stock in a research note on Friday, January 30th. Finally, TD Cowen lifted their price objective on Tesla from $509.00 to $519.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $406.84.

Check Out Our Latest Stock Analysis on TSLA

Key Stories Impacting Tesla

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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