Tesla, Inc. $TSLA Shares Purchased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 20.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,526 shares of the electric vehicle producer’s stock after purchasing an additional 5,761 shares during the quarter. Tesla accounts for approximately 0.8% of Aaron Wealth Advisors LLC’s holdings, making the stock its 21st biggest position. Aaron Wealth Advisors LLC’s holdings in Tesla were worth $15,527,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Relyea Zuckerberg Hanson LLC lifted its holdings in shares of Tesla by 0.4% during the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock worth $2,916,000 after purchasing an additional 23 shares during the period. Equita Financial Network Inc. raised its position in Tesla by 2.8% in the third quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock worth $380,000 after acquiring an additional 23 shares in the last quarter. VanderPol Investments L.L.C. raised its position in Tesla by 2.2% in the third quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after acquiring an additional 23 shares in the last quarter. Resonant Capital Advisors LLC raised its position in Tesla by 0.3% in the third quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock worth $3,814,000 after acquiring an additional 23 shares in the last quarter. Finally, Cloud Capital Management LLC raised its position in Tesla by 1.1% in the third quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock worth $923,000 after acquiring an additional 23 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. China Renaissance increased their price objective on Tesla from $380.00 to $382.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Zacks Research cut Tesla from a “hold” rating to a “strong sell” rating in a research report on Monday, March 30th. Wells Fargo & Company cut their price objective on Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Tesla from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Finally, New Street Research increased their price objective on Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and ten have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $402.61.

Get Our Latest Stock Analysis on TSLA

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 25,809 shares of Tesla stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the completion of the sale, the director owned 33,860 shares in the company, valued at approximately $12,166,913.80. This trade represents a 43.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 53,804 shares of company stock valued at $20,865,598. 19.90% of the stock is currently owned by company insiders.

Tesla Trading Down 2.2%

Shares of TSLA stock opened at $352.82 on Tuesday. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The stock has a market cap of $1.32 trillion, a P/E ratio of 326.69, a P/E/G ratio of 10.69 and a beta of 1.91. The business has a fifty day simple moving average of $399.41 and a 200-day simple moving average of $427.11. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion during the quarter, compared to analysts’ expectations of $24.75 billion. During the same quarter last year, the business posted $0.73 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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