Cassady Schiller Wealth Management LLC Has $321,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

Cassady Schiller Wealth Management LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 31.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 794 shares of the electric vehicle producer’s stock after buying an additional 192 shares during the quarter. Cassady Schiller Wealth Management LLC’s holdings in Tesla were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pitti Group Wealth Management LLC grew its holdings in Tesla by 2.2% during the fourth quarter. Pitti Group Wealth Management LLC now owns 1,470 shares of the electric vehicle producer’s stock valued at $594,000 after purchasing an additional 31 shares during the period. Parallel Advisors LLC grew its holdings in Tesla by 12.9% during the fourth quarter. Parallel Advisors LLC now owns 65,290 shares of the electric vehicle producer’s stock valued at $26,367,000 after purchasing an additional 7,439 shares during the period. SouthState Corp grew its holdings in Tesla by 4.3% during the fourth quarter. SouthState Corp now owns 3,118 shares of the electric vehicle producer’s stock valued at $1,259,000 after purchasing an additional 129 shares during the period. Gold Investment Management Ltd. grew its holdings in Tesla by 90.5% during the fourth quarter. Gold Investment Management Ltd. now owns 13,000 shares of the electric vehicle producer’s stock valued at $5,250,000 after purchasing an additional 6,176 shares during the period. Finally, Rockport Wealth LLC acquired a new position in Tesla during the fourth quarter valued at approximately $244,000. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

Shares of TSLA opened at $249.98 on Monday. The firm has a market capitalization of $804.06 billion, a PE ratio of 122.54, a PEG ratio of 5.86 and a beta of 2.50. The company’s 50-day moving average is $351.31 and its 200-day moving average is $320.31. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 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 analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at $32,643,400. The trade was a 56.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,672 shares of Tesla stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the sale, the chief financial officer now owns 26,950 shares of the company’s stock, valued at $7,242,273.50. This trade represents a 9.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 477,228 shares of company stock worth $166,849,043 in the last quarter. 20.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of analyst reports. New Street Research upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective for the company in a report on Monday, January 6th. Royal Bank of Canada reiterated a “mixed” rating on shares of Tesla in a report on Saturday, February 8th. Stifel Nicolaus reduced their price target on shares of Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a report on Monday, February 10th. Piper Sandler upped their price target on shares of Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Benchmark started coverage on shares of Tesla in a report on Wednesday, February 12th. They issued a “buy” rating and a $475.00 price target for the company. Nine investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $325.65.

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.