Liberty Wealth Management LLC Has $10.20 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Liberty Wealth Management LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 41.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,249 shares of the electric vehicle producer's stock after acquiring an additional 7,371 shares during the quarter. Tesla comprises approximately 1.7% of Liberty Wealth Management LLC's investment portfolio, making the stock its 18th biggest holding. Liberty Wealth Management LLC's holdings in Tesla were worth $10,197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in Tesla in the third quarter valued at approximately $35,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Tesla in the fourth quarter valued at approximately $46,000. Parkworth Wealth Management Inc. bought a new position in Tesla in the fourth quarter valued at approximately $47,000. PayPay Securities Corp lifted its stake in Tesla by 130.2% in the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer's stock valued at $49,000 after buying an additional 69 shares in the last quarter. Finally, Rialto Wealth Management LLC bought a new position in Tesla in the fourth quarter valued at approximately $55,000. Institutional investors own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cowen raised shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Robert W. Baird lowered their price objective on shares of Tesla from $440.00 to $370.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Glj Research reiterated a "buy" rating on shares of Tesla in a report on Tuesday. Piper Sandler lifted their price objective on shares of Tesla from $315.00 to $500.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus lowered their price objective on shares of Tesla from $492.00 to $474.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Nine equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $326.43.

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Tesla Trading Up 3.8 %

TSLA opened at $230.58 on Wednesday. The stock has a market capitalization of $741.66 billion, a price-to-earnings ratio of 113.03, a P/E/G ratio of 5.86 and a beta of 2.50. 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 twelve month low of $138.80 and a twelve month high of $488.54. The company has a 50-day simple moving average of $360.40 and a 200 day simple moving average of $319.53.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 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%. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares of the company's stock, valued at $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at $25,466,850. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 422,452 shares of company stock valued at $153,659,530. 20.70% of the stock is currently owned by 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.

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