Global Wealth Strategies & Associates Purchases 100 Shares of Tesla, Inc. (NASDAQ:TSLA)

Global Wealth Strategies & Associates boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 9.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,130 shares of the electric vehicle producer’s stock after purchasing an additional 100 shares during the quarter. Global Wealth Strategies & Associates’ holdings in Tesla were worth $456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TIAA Trust National Association increased its holdings in shares of Tesla by 117.9% during the second quarter. TIAA Trust National Association now owns 76,154 shares of the electric vehicle producer’s stock worth $15,069,000 after purchasing an additional 41,204 shares during the period. Legacy Capital Wealth Partners LLC increased its stake in Tesla by 56.3% during the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 2,515 shares of the electric vehicle producer’s stock worth $519,000 after acquiring an additional 906 shares during the period. Jackson Creek Investment Advisors LLC raised its holdings in Tesla by 4.5% in the 2nd quarter. Jackson Creek Investment Advisors LLC now owns 6,910 shares of the electric vehicle producer’s stock valued at $1,367,000 after acquiring an additional 300 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Tesla by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 238,360 shares of the electric vehicle producer’s stock valued at $47,167,000 after acquiring an additional 1,347 shares during the period. Finally, Founders Financial Securities LLC grew its holdings in shares of Tesla by 23.4% during the 2nd quarter. Founders Financial Securities LLC now owns 13,328 shares of the electric vehicle producer’s stock worth $2,637,000 after purchasing an additional 2,526 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now directly owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Friday, December 6th. The stock was sold at an average price of $374.21, for a total value of $975,191.26. Following the sale, the chief financial officer now owns 108,965 shares in the company, valued at $40,775,792.65. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 514,886 shares of company stock valued at $169,393,831 over the last ninety days. 20.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on Tesla from $280.00 to $480.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Glj Research reiterated a “sell” rating and issued a $24.86 target price on shares of Tesla in a research report on Thursday, October 17th. Phillip Securities cut Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and issued a $400.00 price objective on shares of Tesla in a report on Monday, November 18th. Finally, Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $275.75.

Tesla Stock Down 6.0 %

NASDAQ TSLA traded down $24.15 during mid-day trading on Thursday, hitting $379.69. The company’s stock had a trading volume of 84,900,824 shares, compared to its average volume of 94,854,445. The firm has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 104.02, a PEG ratio of 10.80 and a beta of 2.36. The company’s 50 day simple moving average is $357.16 and its 200 day simple moving average is $270.84. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same period last year, the company earned $0.53 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current year.

Tesla Profile

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.