1,536 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Wealthcare Capital Partners LLC

Wealthcare Capital Partners LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,536 shares of the electric vehicle producer's stock, valued at approximately $620,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TSLA. Transcendent Capital Group LLC acquired a new position in shares of Tesla in the third quarter valued at $29,000. Peterson Financial Group Inc. acquired a new position in shares of Tesla in the third quarter valued at $35,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Tesla by 692.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock valued at $56,000 after purchasing an additional 187 shares during the last quarter. Finley Financial LLC acquired a new position in shares of Tesla in the fourth quarter valued at $64,000. Finally, Abich Financial Wealth Management LLC grew its stake in shares of Tesla by 136.4% in the third quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer's stock valued at $80,000 after acquiring an additional 176 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company's stock, valued at $40,775,792.65. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the sale, the director now directly owns 85,000 shares of the company's stock, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 523,386 shares of company stock valued at $195,995,200 in the last quarter. 20.70% of the stock is currently owned by company insiders.

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Tesla Trading Down 0.3 %

Shares of Tesla stock traded down $1.20 on Tuesday, hitting $354.65. The stock had a trading volume of 27,747,998 shares, compared to its average volume of 75,893,945. The firm has a market capitalization of $1.14 trillion, a P/E ratio of 173.83, a PEG ratio of 6.22 and a beta of 2.34. The stock has a 50 day moving average of $405.64 and a 200 day moving average of $309.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. 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 released 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 net margin of 7.26% and a return on equity of 10.31%. Sell-side analysts expect that Tesla, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial upped their price target on shares of Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Bank of America downgraded shares of Tesla from a "buy" rating to a "neutral" rating and upped their price target for the company from $400.00 to $490.00 in a research note on Tuesday, January 7th. Wells Fargo & Company upped their price target on shares of Tesla from $125.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, January 30th. Phillip Securities cut shares of Tesla from a "moderate sell" rating to a "strong sell" rating in a research report on Wednesday, November 13th. Finally, Wedbush upped their price objective on shares of Tesla from $515.00 to $550.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently 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.