1,050 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Clientfirst Wealth Management LLC

Clientfirst Wealth Management LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,050 shares of the electric vehicle producer's stock, valued at approximately $424,000. Tesla accounts for 0.4% of Clientfirst Wealth Management LLC's investment portfolio, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Hengehold Capital Management LLC boosted its holdings in Tesla by 1.8% in the 4th 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 during the period. Strategic Investment Advisors MI boosted its holdings in Tesla by 0.3% in 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 purchasing an additional 24 shares during the period. Acropolis Investment Management LLC boosted its holdings in Tesla by 0.9% in 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 purchasing an additional 25 shares during the period. Mount Vernon Associates Inc. MD boosted its holdings in Tesla by 0.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock valued at $2,950,000 after purchasing an additional 25 shares during the period. Finally, Prospect Financial Services LLC boosted its holdings in Tesla by 0.3% in the 4th quarter. Prospect Financial Services LLC now owns 7,500 shares of the electric vehicle producer's stock valued at $3,029,000 after purchasing an additional 26 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the transaction, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred 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 transaction, the director now directly owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 523,386 shares of company stock valued at $195,995,200. 20.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on TSLA shares. Canaccord Genuity Group increased their price target on shares of Tesla from $298.00 to $400.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Phillip Securities cut shares of Tesla from a "moderate sell" rating to a "strong sell" rating in a research note on Wednesday, November 13th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Monday, February 10th. Bank of America cut shares of Tesla from a "buy" rating to a "neutral" rating and increased their price objective for the company from $400.00 to $490.00 in a research note on Tuesday, January 7th. Finally, Truist Financial increased their price objective on shares of Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Nine investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $326.50.

Tesla Trading Down 0.0 %

Shares of NASDAQ TSLA traded down $0.10 during mid-day trading on Friday, hitting $355.84. The company's stock had a trading volume of 68,000,576 shares, compared to its average volume of 67,880,264. The stock has a market cap of $1.14 trillion, a price-to-earnings ratio of 174.43, a price-to-earnings-growth 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 one year low of $138.80 and a one year high of $488.54. The company's fifty day simple moving average is $406.31 and its 200-day simple moving average is $307.64.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results 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 net margin of 7.26% and a return on equity of 10.31%. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.54 earnings per share for the current fiscal year.

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.