Clear Creek Financial Management LLC Boosts Holdings in Tesla, Inc. $TSLA

Clear Creek Financial Management LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 15.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 19,778 shares of the electric vehicle producer’s stock after purchasing an additional 2,693 shares during the quarter. Tesla comprises about 0.8% of Clear Creek Financial Management LLC’s holdings, making the stock its 25th biggest holding. Clear Creek Financial Management LLC’s holdings in Tesla were worth $8,796,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Compass Wealth Management LLC bought a new stake in shares of Tesla during the third quarter valued at approximately $6,726,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Tesla by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,439,226 shares of the electric vehicle producer’s stock worth $637,853,000 after purchasing an additional 12,395 shares in the last quarter. Wealth Alliance LLC increased its holdings in shares of Tesla by 1.0% in the 3rd quarter. Wealth Alliance LLC now owns 8,549 shares of the electric vehicle producer’s stock worth $3,802,000 after purchasing an additional 88 shares in the last quarter. Hemenway Trust Co LLC bought a new position in shares of Tesla during the third quarter valued at $233,000. Finally, VeraBank N.A. purchased a new stake in shares of Tesla during the third quarter valued at $545,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

NASDAQ TSLA opened at $411.71 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $498.83. The stock has a market cap of $1.54 trillion, a price-to-earnings ratio of 381.21, a PEG ratio of 14.48 and a beta of 1.86. The company’s 50 day moving average is $441.59 and its two-hundred day moving average is $416.81.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $24.75 billion. During the same period in the prior year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of recent analyst reports. New Street Research boosted their target price on Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Wells Fargo & Company decreased their price objective on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. HSBC restated a “reduce” rating on shares of Tesla in a research report on Monday, November 17th. Piper Sandler reaffirmed an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $510.00 price target on shares of Tesla in a report on Thursday, January 29th. Eighteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus target price of $408.09.

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Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the transaction, the director owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of Tesla 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 sale, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. This trade represents a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 119,457 shares of company stock valued at $53,501,145 over the last ninety days. 19.90% of the stock is currently owned by company insiders.

Tesla Company 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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