Centric Wealth Management Purchases 2,463 Shares of Tesla, Inc. (NASDAQ:TSLA)

Centric Wealth Management lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 167.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,937 shares of the electric vehicle producer's stock after buying an additional 2,463 shares during the quarter. Centric Wealth Management's holdings in Tesla were worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Horrell Capital Management Inc. lifted its position in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. raised its stake in Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in Tesla in the fourth quarter worth $38,000. Delos Wealth Advisors LLC increased its holdings in shares of Tesla by 300.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock valued at $40,000 after acquiring an additional 75 shares in the last quarter. Finally, Cyrus J. Lawrence LLC purchased a new position in shares of Tesla in the 4th quarter worth about $44,000. 66.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TSLA shares. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective on the stock in a research report on Monday, January 6th. Bank of America reduced their target price on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company lowered their price target on Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a report on Friday, March 14th. Roth Mkm upgraded Tesla from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Finally, TD Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating and upped their target price for the company from $180.00 to $388.00 in a research note on Friday, March 7th. Nine analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Tesla presently has an average rating of "Hold" and an average price target of $317.75.

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Insider Buying and Selling at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company's stock, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 477,228 shares of company stock valued at $166,849,043 in the last 90 days. Insiders own 20.70% of the company's stock.

Tesla Price Performance

TSLA traded up $9.30 on Tuesday, hitting $268.46. 145,757,545 shares of the company's stock traded hands, compared to its average volume of 93,639,188. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a market cap of $863.51 billion, a price-to-earnings ratio of 131.60, a P/E/G ratio of 5.86 and a beta of 2.50. The company's 50 day simple moving average is $314.87 and its 200-day simple moving average is $323.48.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 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%. As a group, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current 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.