Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Lessened by Accurate Wealth Management LLC

Accurate Wealth Management LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,929 shares of the electric vehicle producer’s stock after selling 1,532 shares during the period. Tesla accounts for about 2.5% of Accurate Wealth Management LLC’s holdings, making the stock its 4th biggest position. Accurate Wealth Management LLC’s holdings in Tesla were worth $12,999,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSLA. Bradley Foster & Sargent Inc. CT raised its position in shares of Tesla by 36.4% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 2,797 shares of the electric vehicle producer’s stock worth $554,000 after buying an additional 747 shares in the last quarter. RPg Family Wealth Advisory LLC raised its holdings in shares of Tesla by 5.9% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 2,766 shares of the electric vehicle producer’s stock valued at $547,000 after acquiring an additional 155 shares in the last quarter. Meridian Wealth Partners LLC boosted its position in shares of Tesla by 2.0% during the 2nd quarter. Meridian Wealth Partners LLC now owns 2,915 shares of the electric vehicle producer’s stock valued at $577,000 after acquiring an additional 57 shares during the last quarter. Lingotto Investment Management LLP grew its holdings in shares of Tesla by 86.5% during the second quarter. Lingotto Investment Management LLP now owns 75,461 shares of the electric vehicle producer’s stock worth $14,932,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Tesla by 14.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 314,477 shares of the electric vehicle producer’s stock worth $62,297,000 after purchasing an additional 39,664 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

Shares of TSLA opened at $428.22 on Thursday. The firm’s 50-day simple moving average is $382.71 and its two-hundred day simple moving average is $284.69. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The stock has a market cap of $1.37 trillion, a PE ratio of 117.32, a price-to-earnings-growth ratio of 10.80 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 (NASDAQ:TSLA) last posted 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 company had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same quarter last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of research reports. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Stifel Nicolaus increased their target price on Tesla from $411.00 to $492.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Piper Sandler lifted their price target on Tesla from $310.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. KGI Securities upgraded Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price objective on the stock in a research report on Thursday, October 24th. Finally, Wells Fargo & Company boosted their target price on Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Nine analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $299.33.

Insider Transactions at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction on 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 transaction, the director now owns 1,563,220 shares in the company, valued at $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 621,886 shares of company stock valued at $213,451,751 in the last quarter. 20.70% of the stock is owned by insiders.

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.