Tesla, Inc. $TSLA Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 37.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,141 shares of the electric vehicle producer’s stock after purchasing an additional 3,063 shares during the quarter. Advisors Asset Management Inc.’s holdings in Tesla were worth $4,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after buying an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after acquiring an additional 931 shares during the period. Bison Wealth LLC increased its stake in Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after acquiring an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Tesla by 9.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after purchasing an additional 1,011 shares during the period. Finally, AGP Franklin LLC lifted its stake in shares of Tesla by 21.2% in the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after purchasing an additional 851 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on TSLA shares. Evercore raised their price target on shares of Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. President Capital dropped their price objective on shares of Tesla from $517.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Barclays restated a “neutral” rating on shares of Tesla in a report on Friday, February 6th. Piper Sandler reissued an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Tesla in a research report on Thursday, January 29th. Eighteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have issued 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 price target of $408.09.

Read Our Latest Report on Tesla

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Insider Buying and Selling

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the transaction, the director owned 577,031 shares of the company’s stock, valued at $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 119,457 shares of company stock worth $53,501,145 over the last quarter. 19.90% of the stock is owned by company insiders.

Tesla Trading Down 2.6%

Shares of NASDAQ TSLA opened at $417.07 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $444.99 and its two-hundred day moving average price is $413.39. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The stock has a market capitalization of $1.57 trillion, a P/E ratio of 386.18, a PEG ratio of 14.50 and a beta of 1.86.

Tesla (NASDAQ:TSLAGet Free Report) last released its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The firm had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts anticipate 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.

See Also

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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