Ameliora Wealth Management Ltd. Has $260,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Ameliora Wealth Management Ltd. boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 268.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 645 shares of the electric vehicle producer’s stock after purchasing an additional 470 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in Tesla were worth $260,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Retirement Planning Group LLC lifted its stake in shares of Tesla by 16.1% in the third quarter. Retirement Planning Group LLC now owns 1,392 shares of the electric vehicle producer’s stock valued at $364,000 after buying an additional 193 shares during the period. Carnegie Investment Counsel raised its holdings in Tesla by 29.6% in the 3rd quarter. Carnegie Investment Counsel now owns 6,630 shares of the electric vehicle producer’s stock valued at $1,735,000 after acquiring an additional 1,515 shares in the last quarter. CHICAGO TRUST Co NA grew its holdings in shares of Tesla by 37.6% during the 3rd quarter. CHICAGO TRUST Co NA now owns 2,197 shares of the electric vehicle producer’s stock worth $575,000 after purchasing an additional 600 shares in the last quarter. Douglas Lane & Associates LLC acquired a new position in shares of Tesla in the third quarter valued at $209,000. Finally, VitalStone Financial LLC lifted its position in Tesla by 52.3% in the third quarter. VitalStone Financial LLC now owns 3,095 shares of the electric vehicle producer’s stock worth $810,000 after purchasing an additional 1,063 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

TSLA stock opened at $350.73 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The business’s fifty day moving average is $408.27 and its 200-day moving average is $304.55. The company has a market cap of $1.13 trillion, a P/E ratio of 171.93, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) 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%. Equities research analysts forecast that Tesla, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Guggenheim restated a “sell” rating and issued a $175.00 price objective on shares of Tesla in a research note on Wednesday, January 29th. Stifel Nicolaus dropped their price target on shares of Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a research report on Monday. Robert W. Baird decreased their price objective on Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. UBS Group increased their target price on Tesla from $226.00 to $259.00 and gave the stock a “sell” rating in a report on Thursday, January 30th. Finally, StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $321.71.

Insider Activity at Tesla

In other Tesla news, Director Kimbal Musk sold 75,000 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the transaction, the director now directly owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $37,226,491.76. This represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 635,776 shares of company stock worth $231,335,112. 20.70% of the stock is currently owned by company insiders.

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.