Aaron Wealth Advisors LLC Has $5.42 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Aaron Wealth Advisors LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 25.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,410 shares of the electric vehicle producer's stock after buying an additional 2,680 shares during the quarter. Tesla makes up approximately 0.6% of Aaron Wealth Advisors LLC's portfolio, making the stock its 26th biggest position. Aaron Wealth Advisors LLC's holdings in Tesla were worth $5,415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Abich Financial Wealth Management LLC increased its position in Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock valued at $26,000 after buying an additional 81 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Tesla in the 3rd quarter worth approximately $29,000. Clean Yield Group boosted its stake in shares of Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after buying an additional 48 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in Tesla in the third quarter valued at approximately $35,000. Finally, M&R Capital Management Inc. lifted its stake in Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the sale, the director now owns 5,400 shares of the company's stock, valued at $1,868,508. This represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at $45,063,565.40. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 621,886 shares of company stock valued at $213,451,751 in the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Phillip Securities cut shares of Tesla from a "moderate sell" rating to a "strong sell" rating in a report on Wednesday, November 13th. Mizuho upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $230.00 to $515.00 in a report on Tuesday, December 17th. Royal Bank of Canada raised their price objective on shares of Tesla from $249.00 to $313.00 and gave the stock an "outperform" rating in a report on Friday, November 15th. Morgan Stanley raised their target price on shares of Tesla from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, Bank of America downgraded shares of Tesla from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus price target of $304.94.

Tesla Trading Down 0.6 %

NASDAQ TSLA traded down $2.43 on Tuesday, hitting $424.07. 86,903,227 shares of the company were exchanged, compared to its average volume of 82,108,117. The company's 50 day moving average price is $391.47 and its 200-day moving average price is $290.05. 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 firm has a market capitalization of $1.36 trillion, a P/E ratio of 116.18, a price-to-earnings-growth ratio of 8.60 and a beta of 2.30. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $25.47 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The business's revenue for the quarter was up 7.8% on a year-over-year basis. Analysts predict that Tesla, Inc. will post 2.01 earnings per share for the current fiscal year.

Tesla Company Profile

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.