1,795 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by BostonPremier Wealth LLC

BostonPremier Wealth LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,795 shares of the electric vehicle producer's stock, valued at approximately $725,000. Tesla makes up 0.4% of BostonPremier Wealth LLC's investment portfolio, making the stock its 22nd largest position.

A number of other large investors have also added to or reduced their stakes in TSLA. Transcendent Capital Group LLC acquired a new stake in Tesla during the 3rd quarter valued at $29,000. Peterson Financial Group Inc. acquired a new stake in Tesla during the 3rd quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Tesla by 692.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock valued at $56,000 after purchasing an additional 187 shares in the last quarter. Finley Financial LLC acquired a new position in Tesla during the 4th quarter worth $64,000. Finally, Abich Financial Wealth Management LLC grew its holdings in Tesla by 136.4% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer's stock worth $80,000 after acquiring an additional 176 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

Shares of TSLA traded down $1.20 during mid-day trading on Tuesday, hitting $354.65. The company's stock had a trading volume of 27,747,998 shares, compared to its average volume of 75,893,945. The firm has a 50-day moving average price of $405.64 and a 200 day moving average price of $309.75. The stock has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 173.83, a PEG ratio of 6.22 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54.

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Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, research analysts predict that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TSLA. Wells Fargo & Company raised their price objective on shares of Tesla from $125.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, January 30th. UBS Group raised their price objective on shares of Tesla from $226.00 to $259.00 and gave the stock a "sell" rating in a report on Thursday, January 30th. Cantor Fitzgerald reissued a "neutral" rating and set a $365.00 price objective on shares of Tesla in a report on Wednesday, January 29th. Guggenheim reissued a "sell" rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday, January 29th. Finally, Truist Financial raised their price target on shares of Tesla from $351.00 to $373.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $326.50.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total value of $35,254,000.00. Following the transaction, the director now directly owns 5,400 shares of the company's stock, valued at $1,903,716. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 523,386 shares of company stock valued at $195,995,200 in the last quarter. Insiders own 20.70% of the company's stock.

About Tesla

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.