Panoramic Capital Partners LLC Invests $362,000 in Tesla, Inc. (NASDAQ:TSLA)

Panoramic Capital Partners LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 896 shares of the electric vehicle producer's stock, valued at approximately $362,000.

Several other institutional investors also recently bought and sold shares of the business. International Private Wealth Advisors LLC boosted its stake in Tesla by 22.6% in the fourth quarter. International Private Wealth Advisors LLC now owns 1,108 shares of the electric vehicle producer's stock valued at $447,000 after acquiring an additional 204 shares in the last quarter. Arlington Trust Co LLC boosted its stake in Tesla by 20.0% in the fourth quarter. Arlington Trust Co LLC now owns 690 shares of the electric vehicle producer's stock valued at $279,000 after acquiring an additional 115 shares in the last quarter. Equitable Trust Co. boosted its stake in Tesla by 13.3% in the fourth quarter. Equitable Trust Co. now owns 10,142 shares of the electric vehicle producer's stock valued at $4,096,000 after acquiring an additional 1,192 shares in the last quarter. Bristlecone Advisors LLC boosted its stake in Tesla by 3.9% in the fourth quarter. Bristlecone Advisors LLC now owns 27,904 shares of the electric vehicle producer's stock valued at $11,269,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Powell Investment Advisors LLC boosted its stake in Tesla by 2.8% in the fourth quarter. Powell Investment Advisors LLC now owns 5,470 shares of the electric vehicle producer's stock valued at $2,209,000 after acquiring an additional 150 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

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Tesla Price Performance

TSLA traded down $1.20 on Tuesday, reaching $354.65. 27,747,998 shares of the company's stock were exchanged, compared to its average volume of 75,893,945. The stock has a market cap of $1.14 trillion, a PE ratio of 173.83, a P/E/G ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The stock's fifty day moving average price is $405.64 and its 200-day moving average price is $309.75. 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 (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results 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%. Sell-side analysts expect that Tesla, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. The trade was a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % 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 worth $195,995,200 in the last ninety days. 20.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several recent analyst reports. Roth Capital upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. New Street Research upgraded shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective for the company in a research note on Monday, January 6th. UBS Group lifted their price objective on shares of Tesla from $226.00 to $259.00 and gave the stock a "sell" rating in a research note on Thursday, January 30th. Piper Sandler lifted their price objective on shares of Tesla from $315.00 to $500.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Finally, Morgan Stanley lifted their price objective on shares of Tesla from $400.00 to $430.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $326.50.

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.