Fairvoy Private Wealth LLC Takes $846,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Fairvoy Private Wealth LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,096 shares of the electric vehicle producer’s stock, valued at approximately $846,000.

A number of other hedge funds have also added to or reduced their stakes in TSLA. Ameliora Wealth Management Ltd. boosted its holdings in shares of Tesla by 268.6% in the 4th quarter. Ameliora Wealth Management Ltd. now owns 645 shares of the electric vehicle producer’s stock valued at $260,000 after purchasing an additional 470 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Tesla by 8.7% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 92,092 shares of the electric vehicle producer’s stock worth $37,171,000 after buying an additional 7,400 shares during the last quarter. BSN CAPITAL PARTNERS Ltd acquired a new stake in Tesla in the fourth quarter valued at about $314,256,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Tesla by 7.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 347,585 shares of the electric vehicle producer’s stock valued at $140,369,000 after acquiring an additional 22,831 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Tesla by 60.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,755 shares of the electric vehicle producer’s stock worth $2,741,000 after acquiring an additional 2,534 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TSLA shares. Phillip Securities lowered shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research note on Monday. Glj Research reiterated a “sell” rating and issued a $24.86 price target on shares of Tesla in a research note on Friday, January 3rd. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and upped their target price for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Finally, Evercore ISI lifted their price target on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research note on Friday, January 3rd. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $321.71.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 635,776 shares of company stock worth $231,335,112 in the last ninety days. Corporate insiders own 20.70% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $350.73 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $408.27 and its 200-day moving average price is $304.55. The firm has a market capitalization of $1.13 trillion, a P/E ratio of 171.93, a P/E/G ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results 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 return on equity of 10.31% and a net margin of 7.26%. Equities research analysts anticipate that Tesla, Inc. will post 2.54 earnings per share for the current fiscal year.

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.