807 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Alliance Wealth Advisors LLC

Alliance Wealth Advisors LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 807 shares of the electric vehicle producer's stock, valued at approximately $326,000.

Several other hedge funds have also modified their holdings of the company. Investment Advisory Services Inc. TX ADV purchased a new position in Tesla in the 4th quarter valued at about $210,000. Birch Hill Investment Advisors LLC lifted its stake in Tesla by 60.5% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 2,333 shares of the electric vehicle producer's stock valued at $942,000 after buying an additional 879 shares in the last quarter. Entropy Technologies LP lifted its stake in Tesla by 42.1% in the 4th quarter. Entropy Technologies LP now owns 14,353 shares of the electric vehicle producer's stock valued at $5,796,000 after buying an additional 4,253 shares in the last quarter. Empowered Funds LLC lifted its stake in Tesla by 18.9% in the 4th quarter. Empowered Funds LLC now owns 86,305 shares of the electric vehicle producer's stock valued at $34,853,000 after buying an additional 13,742 shares in the last quarter. Finally, Pacific Wealth Strategies Group Inc. lifted its stake in Tesla by 10.7% in the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 1,602 shares of the electric vehicle producer's stock valued at $647,000 after buying an additional 155 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Down 0.0 %

NASDAQ TSLA traded down $0.10 on Friday, reaching $355.84. The stock had a trading volume of 68,000,576 shares, compared to its average volume of 67,880,264. The firm has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 174.43, a P/E/G ratio of 6.22 and a beta of 2.34. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The stock has a fifty day moving average price of $406.31 and a two-hundred day moving average price of $308.24.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TSLA shares. UBS Group raised their price target on shares of Tesla from $226.00 to $259.00 and gave the company a "sell" rating in a research note on Thursday, January 30th. Wells Fargo & Company raised their target price on shares of Tesla from $125.00 to $135.00 and gave the stock an "underweight" rating in a research note on Thursday, January 30th. Barclays boosted their target price on Tesla from $270.00 to $325.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 15th. Truist Financial boosted their target price on Tesla from $351.00 to $373.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Tesla from $295.00 to $370.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $326.50.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the sale, the director now owns 5,400 shares of the company's stock, valued at approximately $1,903,716. This represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total value of $39,792,803.40. Following the sale, the director now directly owns 85,000 shares in the company, valued at $30,095,100. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 523,386 shares of company stock valued at $195,995,200. 20.70% of the stock is currently owned by company insiders.

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.