Tesla, Inc. (NASDAQ:TSLA) Holdings Increased by Belpointe Asset Management LLC

Belpointe Asset Management LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,813 shares of the electric vehicle producer's stock after buying an additional 9,369 shares during the period. Tesla accounts for 1.1% of Belpointe Asset Management LLC's investment portfolio, making the stock its 14th biggest position. Belpointe Asset Management LLC's holdings in Tesla were worth $18,905,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in Tesla in the 4th quarter valued at about $14,420,248,000. FMR LLC raised its position in shares of Tesla by 40.1% in the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after buying an additional 9,920,325 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Tesla by 36,790.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock valued at $3,497,526,000 after buying an additional 8,637,195 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Tesla by 4,963.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock worth $2,356,288,000 after acquiring an additional 5,719,466 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in Tesla by 55,181.0% in the 4th quarter. Proficio Capital Partners LLC now owns 4,382,674 shares of the electric vehicle producer's stock valued at $1,769,899,000 after acquiring an additional 4,374,746 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

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Tesla Stock Performance

Shares of TSLA stock traded up $1.76 on Tuesday, hitting $254.11. 78,792,804 shares of the stock traded hands, compared to its average volume of 95,936,704. The company's fifty day moving average is $282.67 and its 200 day moving average is $323.51. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a market capitalization of $817.35 billion, a PE ratio of 124.56, a PEG ratio of 5.86 and a beta of 2.58. 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 issued its 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%. On average, equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 374,228 shares of company stock worth $123,791,123 over the last ninety days. Company insiders own 20.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TSLA. StockNews.com downgraded Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Evercore ISI upped their price objective on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research note on Friday, January 3rd. Truist Financial decreased their target price on shares of Tesla from $373.00 to $280.00 and set a "hold" rating on the stock in a research report on Thursday, April 3rd. HSBC dropped their price target on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research report on Thursday, March 27th. Finally, New Street Research upgraded shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price target on the stock in a report on Monday, January 6th. Eight analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $298.59.

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.