Kingswood Wealth Advisors LLC Has $16.44 Million Stock Holdings in Tesla, Inc. $TSLA

Kingswood Wealth Advisors LLC boosted its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 25.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,546 shares of the electric vehicle producer’s stock after buying an additional 7,494 shares during the quarter. Tesla makes up about 0.8% of Kingswood Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest position. Kingswood Wealth Advisors LLC’s holdings in Tesla were worth $16,436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSLA. Brighton Jones LLC raised its position in Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after buying an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after buying an additional 931 shares during the last quarter. Bison Wealth LLC raised its position in Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after buying an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC raised its position in Tesla by 9.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock valued at $3,855,000 after buying an additional 1,011 shares during the last quarter. Finally, AGP Franklin LLC raised its position in Tesla by 21.2% in the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after buying an additional 851 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Up 0.3%

NASDAQ:TSLA opened at $387.51 on Thursday. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 358.81, a price-to-earnings-growth ratio of 12.22 and a beta of 1.91. Tesla, Inc. has a twelve month low of $244.43 and a twelve month high of $498.83. The stock’s 50 day moving average price is $387.63 and its two-hundred day moving average price is $421.62.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. Equities research analysts expect that Tesla, Inc. will post 1.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TSLA shares. Wedbush reissued an “outperform” rating and issued a $600.00 target price on shares of Tesla in a research report on Tuesday. Piper Sandler reaffirmed an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Jefferies Financial Group boosted their price target on Tesla from $300.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada lowered their price target on Tesla from $500.00 to $480.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Eighteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $397.26.

Get Our Latest Stock Report on TSLA

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,264 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $359.33, for a total value of $9,273,947.97. Following the transaction, the director directly owned 33,860 shares in the company, valued at $12,166,913.80. The trade was a 43.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,804 shares of company stock worth $20,865,598 over the last three months. 19.90% of the stock is owned by insiders.

Key Stories Impacting Tesla

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About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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