Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 33.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,536 shares of the electric vehicle producer’s stock after buying an additional 386 shares during the period. Kolinsky Wealth Management LLC’s holdings in Tesla were worth $620,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TSLA. True Wealth Design LLC lifted its position in shares of Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 31 shares in the last quarter. Horrell Capital Management Inc. raised its position in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. raised its position in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after purchasing an additional 58 shares during the last quarter. Navigoe LLC purchased a new position in Tesla in the 4th quarter valued at about $37,000. Finally, CoreFirst Bank & Trust acquired a new stake in Tesla in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

TSLA stock opened at $343.82 on Wednesday. The business’s fifty day moving average price is $271.29 and its 200 day moving average price is $331.39. Tesla, Inc. has a 12-month low of $167.41 and a 12-month high of $488.54. The company has a market capitalization of $1.11 trillion, a PE ratio of 168.54, a P/E/G ratio of 5.86 and a beta of 2.43. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same period in the prior year, the company posted $0.45 EPS. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the transaction, the director now owns 85,000 shares in the company, valued at $25,466,850. This trade represents a 56.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $350.11, for a total value of $1,050,330.00. Following the completion of the sale, the chief financial officer now owns 26,950 shares of the company’s stock, valued at approximately $9,435,464.50. This represents a 10.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 415,623 shares of company stock worth $116,650,831 over the last 90 days. Corporate insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Mizuho raised their target price on Tesla from $325.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Cowen raised shares of Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Guggenheim reiterated a “sell” rating and issued a $170.00 target price on shares of Tesla in a research report on Thursday, April 24th. Piper Sandler set a $400.00 price objective on shares of Tesla in a research note on Tuesday, May 6th. Finally, Oppenheimer reissued a “mixed” rating on shares of Tesla in a research note on Tuesday, March 18th. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average target price of $289.43.

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.