Indivisible Partners Acquires Shares of 4,550 Tesla, Inc. $TSLA

Indivisible Partners acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,550 shares of the electric vehicle producer’s stock, valued at approximately $2,046,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TSLA. Brighton Jones LLC lifted its position in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after buying an additional 9,293 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares during the last quarter. Bison Wealth LLC raised its position in shares of Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of Tesla by 9.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after purchasing an additional 1,011 shares during the last quarter. Finally, AGP Franklin LLC raised its position in shares of Tesla by 21.2% in the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock worth $1,544,000 after purchasing an additional 851 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Trending Headlines about Tesla

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Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research raised Tesla from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Tesla in a research report on Wednesday, April 22nd. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Tesla in a research report on Thursday, April 23rd. Canaccord Genuity Group lifted their price target on Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, President Capital lifted their price target on Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Nineteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $398.42.

Check Out Our Latest Stock Analysis on Tesla

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. The trade was a 11.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 80,213 shares of company stock valued at $30,851,105. 19.90% of the stock is owned by insiders.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $389.41 on Wednesday. Tesla, Inc. has a fifty-two week low of $271.00 and a fifty-two week high of $498.83. The business has a 50-day simple moving average of $382.65 and a two-hundred day simple moving average of $418.78. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. The firm has a market cap of $1.46 trillion, a price-to-earnings ratio of 357.26, a price-to-earnings-growth ratio of 14.94 and a beta of 1.79.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the firm earned $0.27 EPS. Tesla’s revenue was up 15.8% on a year-over-year basis. On average, analysts expect that Tesla, Inc. will post 1.25 earnings per share for the current year.

Tesla 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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