Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Echo45 Advisors LLC

Echo45 Advisors LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,240 shares of the electric vehicle producer’s stock after buying an additional 44 shares during the quarter. Echo45 Advisors LLC’s holdings in Tesla were worth $509,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TSLA. True North Advisors LLC raised its holdings in shares of Tesla by 3.8% during the fourth quarter. True North Advisors LLC now owns 3,468 shares of the electric vehicle producer’s stock valued at $1,400,000 after buying an additional 127 shares during the last quarter. Independent Wealth Network Inc. raised its stake in Tesla by 77.2% during the 4th quarter. Independent Wealth Network Inc. now owns 3,381 shares of the electric vehicle producer’s stock valued at $1,365,000 after acquiring an additional 1,473 shares in the last quarter. Wesbanco Bank Inc. boosted its position in Tesla by 3.4% during the 4th quarter. Wesbanco Bank Inc. now owns 31,111 shares of the electric vehicle producer’s stock worth $12,564,000 after acquiring an additional 1,037 shares during the period. GoalVest Advisory LLC increased its holdings in shares of Tesla by 30.1% during the fourth quarter. GoalVest Advisory LLC now owns 10,173 shares of the electric vehicle producer’s stock valued at $4,108,000 after purchasing an additional 2,352 shares during the period. Finally, Eagle Capital Management LLC bought a new stake in shares of Tesla during the fourth quarter valued at about $331,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tesla news, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction dated 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 sale, the director now owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 617,886 shares of company stock valued at $212,451,751 over the last ninety days. Corporate insiders own 20.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TSLA. StockNews.com raised shares of Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their target price on Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Robert W. Baird increased 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. HSBC restated a “reduce” rating and issued a $124.00 price objective on shares of Tesla in a report on Friday, October 11th. Finally, Mizuho raised Tesla from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $230.00 to $515.00 in a report on Tuesday, December 17th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned 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, the company has an average rating of “Hold” and an average price target of $313.84.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $406.58 on Friday. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The business’s 50-day moving average price is $398.82 and its two-hundred day moving average price is $294.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The company has a market capitalization of $1.31 trillion, a P/E ratio of 111.39, a price-to-earnings-growth ratio of 8.42 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, topping analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. Analysts anticipate that Tesla, Inc. will post 2.01 earnings per share for the current fiscal year.

About Tesla

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.