Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Adams Wealth Management

Adams Wealth Management lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 181.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,238 shares of the electric vehicle producer's stock after purchasing an additional 5,955 shares during the quarter. Adams Wealth Management's holdings in Tesla were worth $3,731,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hengehold Capital Management LLC lifted its holdings in shares of Tesla by 1.8% during the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after purchasing an additional 24 shares in the last quarter. Strategic Investment Advisors MI lifted its stake in Tesla by 0.3% during the 4th quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after acquiring an additional 24 shares during the period. Acropolis Investment Management LLC boosted its holdings in shares of Tesla by 0.9% during the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after acquiring an additional 25 shares during the last quarter. Mount Vernon Associates Inc. MD grew its stake in shares of Tesla by 0.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after acquiring an additional 25 shares during the period. Finally, Vista Finance LLC raised its holdings in shares of Tesla by 0.7% during the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a research report on Monday, February 10th. Guggenheim reduced their price objective on Tesla from $175.00 to $170.00 and set a "sell" rating for the company in a research report on Wednesday, March 12th. Piper Sandler dropped their target price on Tesla from $450.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the stock an "underperform" rating in a research note on Wednesday. Finally, Evercore ISI boosted their target price on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research report on Friday, January 3rd. Nine investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $292.18.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the sale, the director now directly owns 1,463,220 shares of the company's stock, valued at $538,274,741.40. This trade represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 374,228 shares of company stock worth $123,791,123 over the last 90 days. Company insiders own 20.70% of the company's stock.

Tesla Price Performance

Shares of NASDAQ TSLA traded down $0.39 during mid-day trading on Friday, hitting $241.17. 83,173,157 shares of the company's stock traded hands, compared to its average volume of 96,033,445. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The company's 50-day moving average is $273.93 and its two-hundred day moving average is $322.72. The company has a market capitalization of $775.71 billion, a P/E ratio of 118.22, a PEG ratio of 5.86 and a beta of 2.58.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Tesla 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.