By otakuyassine3@gmail.com 
Fishman Jay A Ltd. MI acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 576 shares of the electric vehicle producer’s stock, valued at approximately $233,000.
Several other large investors have also bought and sold shares of TSLA. Transcendent Capital Group LLC purchased a new position in shares of Tesla during the third quarter valued at approximately $29,000. Peterson Financial Group Inc. purchased a new position in shares of Tesla during the third quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Tesla by 692.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after purchasing an additional 187 shares during the last quarter. Finley Financial LLC purchased a new position in shares of Tesla during the fourth quarter valued at approximately $64,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Tesla by 136.4% during the third quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock valued at $80,000 after purchasing an additional 176 shares during the last quarter. 66.20% of the stock is owned by institutional investors.
Tesla Stock Down 0.0 %
Shares of TSLA stock opened at $355.84 on Friday. The stock has a market cap of $1.14 trillion, a P/E ratio of 174.43, a PEG ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $406.31 and its two-hundred day simple moving average is $307.64.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings results 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 return on equity of 10.31% and a net margin of 7.26%. Analysts predict that Tesla, Inc. will post 2.54 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on TSLA. Wells Fargo & Company lifted their target price on shares of Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 30th. New Street Research upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective for the company in a report on Monday, January 6th. Truist Financial boosted their price objective on shares of Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Wedbush boosted their price objective on shares of Tesla from $515.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Tesla presently has an average rating of “Hold” and an average target price of $326.50.
Read Our Latest Stock Analysis on Tesla
Insiders Place Their Bets
In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at approximately $1,903,716. This represents a 94.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the sale, the director now owns 85,000 shares in the company, valued at $30,095,100. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 523,386 shares of company stock worth $195,995,200 in the last 90 days. 20.70% of the stock is currently owned by corporate insiders.
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.
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