Clientfirst Wealth Management LLC Invests $424,000 in Tesla, Inc. (NASDAQ:TSLA)

Clientfirst Wealth Management LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,050 shares of the electric vehicle producer’s stock, valued at approximately $424,000. Tesla comprises 0.4% of Clientfirst Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Tesla in the 3rd quarter worth approximately $29,000. Peterson Financial Group Inc. bought a new position in Tesla in the 3rd quarter worth approximately $35,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Tesla by 692.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock worth $56,000 after buying an additional 187 shares during the period. Finley Financial LLC bought a new position in Tesla in the 4th quarter worth approximately $64,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in Tesla by 136.4% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock worth $80,000 after buying an additional 176 shares during the period. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on TSLA shares. Wedbush raised their price target on shares of Tesla from $515.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Barclays raised their price target on shares of Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Wells Fargo & Company raised their price target on shares of Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $440.00 price target on shares of Tesla in a report on Thursday, January 30th. Finally, Mizuho reissued an “outperform” rating and issued a $515.00 price target on shares of Tesla in a report on Thursday, January 30th. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $321.71.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $328.50 on Wednesday. The company has a market cap of $1.06 trillion, a price-to-earnings ratio of 161.03, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. The company has a 50-day moving average price of $408.14 and a 200-day moving average price of $305.46. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, equities analysts anticipate that Tesla, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $383.11, for a total value of $2,681,770.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $41,745,581.15. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kimbal Musk sold 75,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the transaction, the director now directly owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 635,776 shares of company stock valued at $231,335,112 over the last three months. Corporate insiders own 20.70% of the company’s stock.

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.