506 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Alesco Advisors LLC

Alesco Advisors LLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 506 shares of the electric vehicle producer’s stock, valued at approximately $204,000.

Several other hedge funds have also recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new stake in shares of Tesla during the 3rd quarter worth about $29,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Tesla during the 4th quarter worth about $46,000. PayPay Securities Corp raised its stake in shares of Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after purchasing an additional 69 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of Tesla during the 3rd quarter worth about $35,000. Finally, Finley Financial LLC purchased a new stake in shares of Tesla during the 4th quarter worth about $64,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

Tesla stock opened at $284.65 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The company has a market capitalization of $915.58 billion, a PE ratio of 139.53, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The business has a 50 day simple moving average of $382.44 and a 200 day simple moving average of $318.01.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at approximately $1,903,716. The trade was a 94.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $374.21, for a total value of $975,191.26. Following the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at approximately $40,775,792.65. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 403,996 shares of company stock worth $153,721,387. 20.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on TSLA. Bank of America downgraded Tesla from a “buy” rating to a “neutral” rating and raised their price target for the stock from $400.00 to $490.00 in a research note on Tuesday, January 7th. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and raised their price objective for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Wells Fargo & Company raised their price objective on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 30th. The Goldman Sachs Group reissued a “cautious” rating on shares of Tesla in a research note on Monday. Finally, Mizuho reissued an “outperform” rating and issued a $515.00 price objective on shares of Tesla in a research note on Thursday, January 30th. Ten analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $318.77.

Tesla Company 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.