Wealth Management Partners LLC Has $6.73 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Wealth Management Partners LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,669 shares of the electric vehicle producer’s stock after purchasing an additional 2,123 shares during the quarter. Tesla makes up 2.9% of Wealth Management Partners LLC’s investment portfolio, making the stock its 9th biggest holding. Wealth Management Partners LLC’s holdings in Tesla were worth $6,732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Commonwealth Financial Services LLC lifted its position in shares of Tesla by 11.2% in the 2nd quarter. Commonwealth Financial Services LLC now owns 945 shares of the electric vehicle producer’s stock worth $187,000 after purchasing an additional 95 shares during the period. Mill Creek Capital Advisors LLC boosted its position in Tesla by 0.5% during the second quarter. Mill Creek Capital Advisors LLC now owns 25,772 shares of the electric vehicle producer’s stock valued at $5,100,000 after acquiring an additional 119 shares during the last quarter. Semmax Financial Advisors Inc. grew its holdings in Tesla by 9.5% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 921 shares of the electric vehicle producer’s stock worth $191,000 after acquiring an additional 80 shares during the period. Strata Wealth Advisors LLC raised its position in shares of Tesla by 9.2% in the 2nd quarter. Strata Wealth Advisors LLC now owns 2,280 shares of the electric vehicle producer’s stock worth $451,000 after acquiring an additional 193 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Tesla by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 549,008 shares of the electric vehicle producer’s stock valued at $108,638,000 after purchasing an additional 206,248 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,442,856.32. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 621,886 shares of company stock valued at $213,451,751 over the last quarter. Company insiders own 20.70% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $424.07 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $391.47 and a two-hundred day simple moving average of $290.05. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The firm has a market cap of $1.36 trillion, a price-to-earnings ratio of 116.18, a price-to-earnings-growth ratio of 8.60 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. Analysts anticipate that Tesla, Inc. will post 2.01 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Robert W. Baird raised their target price on Tesla from $280.00 to $480.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Tuesday, October 8th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, October 24th. Wedbush reiterated an “outperform” rating and set a $400.00 price objective on shares of Tesla in a report on Monday, November 18th. Finally, Royal Bank of Canada boosted their target price on Tesla from $249.00 to $313.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Nine 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $304.94.

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.