Surience Private Wealth LLC Acquires New Position in Tesla, Inc. (NASDAQ:TSLA)

Surience Private Wealth LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,861 shares of the electric vehicle producer’s stock, valued at approximately $3,982,000. Tesla comprises about 5.1% of Surience Private Wealth LLC’s investment portfolio, making the stock its 12th largest holding.

A number of other hedge funds have also bought and sold shares of TSLA. BluePath Capital Management LLC increased its holdings in shares of Tesla by 5.6% in the fourth quarter. BluePath Capital Management LLC now owns 19,478 shares of the electric vehicle producer’s stock valued at $7,856,000 after purchasing an additional 1,031 shares during the period. Sterling Investment Advisors LLC ADV acquired a new position in Tesla in the 4th quarter worth approximately $242,000. Pinnacle Bancorp Inc. raised its position in Tesla by 92.3% during the 4th quarter. Pinnacle Bancorp Inc. now owns 500 shares of the electric vehicle producer’s stock worth $202,000 after buying an additional 240 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in Tesla by 6.7% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,268 shares of the electric vehicle producer’s stock valued at $3,339,000 after acquiring an additional 516 shares during the period. Finally, Godsey & Gibb Inc. boosted its holdings in shares of Tesla by 44.1% in the 4th quarter. Godsey & Gibb Inc. now owns 1,706 shares of the electric vehicle producer’s stock valued at $689,000 after acquiring an additional 522 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $413.82 on Friday. The stock has a market capitalization of $1.33 trillion, a P/E ratio of 113.38, a PEG ratio of 6.53 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The company has a 50 day moving average price of $385.50 and a 200 day moving average price of $285.69.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Tesla from $197.00 to $226.00 and gave the company a “sell” rating in a research report on Monday, November 25th. Sanford C. Bernstein restated an “underperform” rating and issued a $120.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price objective on Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada boosted their target price on shares of Tesla from $249.00 to $313.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $299.33.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 621,886 shares of company stock worth $213,451,751 over the last three months. Company insiders own 20.70% of the company’s stock.

Tesla Company 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.