Peterson Wealth Services Purchases 10,370 Shares of Tesla, Inc. (NASDAQ:TSLA)

Peterson Wealth Services increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 24.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,092 shares of the electric vehicle producer's stock after purchasing an additional 10,370 shares during the period. Tesla makes up approximately 6.3% of Peterson Wealth Services' portfolio, making the stock its 3rd largest position. Peterson Wealth Services' holdings in Tesla were worth $21,037,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new position in Tesla during the fourth quarter worth about $1,373,000. Clarus Group Inc. raised its holdings in Tesla by 8.2% during the fourth quarter. Clarus Group Inc. now owns 1,507 shares of the electric vehicle producer's stock worth $609,000 after purchasing an additional 114 shares in the last quarter. Bonfire Financial purchased a new position in Tesla during the fourth quarter worth about $1,511,000. BostonPremier Wealth LLC purchased a new position in Tesla during the fourth quarter worth about $725,000. Finally, Summit Trail Advisors LLC raised its holdings in Tesla by 42.3% during the fourth quarter. Summit Trail Advisors LLC now owns 38,066 shares of the electric vehicle producer's stock worth $15,373,000 after purchasing an additional 11,320 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of Tesla 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 transaction, the chief financial officer now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 75,000 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the transaction, the director now owns 1,463,220 shares in the company, valued at $538,274,741.40. This represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 523,386 shares of company stock worth $195,995,200. 20.70% of the stock is currently owned by corporate insiders.

Tesla Stock Down 0.3 %

Shares of NASDAQ:TSLA traded down $1.20 during midday trading on Tuesday, hitting $354.65. 27,747,998 shares of the company's stock traded hands, compared to its average volume of 75,893,945. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company 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. The firm's fifty day moving average price is $405.64 and its two-hundred day moving average price is $309.75. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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, equities research analysts anticipate that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the subject of several analyst reports. KGI Securities raised shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price target for the company in a report on Thursday, October 24th. Truist Financial lifted their price objective on Tesla from $351.00 to $373.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Robert W. Baird cut their price objective on Tesla from $480.00 to $440.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Glj Research restated a "sell" rating and set a $24.86 price objective on shares of Tesla in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus cut their price objective on Tesla from $492.00 to $474.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tesla 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.