TD Private Client Wealth LLC Buys 14,140 Shares of Tesla, Inc. (NASDAQ:TSLA)

TD Private Client Wealth LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 128.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,186 shares of the electric vehicle producer's stock after purchasing an additional 14,140 shares during the period. TD Private Client Wealth LLC's holdings in Tesla were worth $10,171,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TSLA. One Charles Private Wealth Services LLC acquired a new position in shares of Tesla during the 4th quarter worth about $207,000. Financial Network Wealth Management LLC acquired a new position in Tesla during the fourth quarter valued at approximately $302,000. Loudon Investment Management LLC bought a new position in Tesla in the fourth quarter valued at approximately $262,000. Goodman Financial Corp acquired a new position in shares of Tesla during the 4th quarter worth approximately $808,000. Finally, Kiker Wealth Management LLC bought a new stake in shares of Tesla during the 4th quarter worth approximately $296,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Analysts Set New Price Targets

TSLA has been the subject of several analyst reports. Wedbush reissued an "outperform" rating and issued a $550.00 target price on shares of Tesla in a research note on Thursday. Canaccord Genuity Group restated a "buy" rating and set a $404.00 price objective on shares of Tesla in a research note on Monday, March 17th. Truist Financial upped their target price on shares of Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a report on Thursday, January 30th. The Goldman Sachs Group reissued a "cautious" rating on shares of Tesla in a research report on Monday, March 3rd. Finally, Piper Sandler reduced their target price on Tesla from $500.00 to $450.00 and set an "overweight" rating for the company in a research note on Thursday. Nine analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $318.93.

Insider Activity at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is owned by insiders.

Tesla Price Performance

Shares of TSLA stock traded up $29.68 during trading hours on Monday, reaching $278.39. The company's stock had a trading volume of 167,279,389 shares, compared to its average volume of 91,580,795. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The firm's 50 day simple moving average is $332.69 and its 200-day simple moving average is $321.49. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $895.45 billion, a price-to-earnings ratio of 136.47, a PEG ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current 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.