Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Delap Wealth Advisory LLC

Delap Wealth Advisory LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 263.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,638 shares of the electric vehicle producer’s stock after buying an additional 2,637 shares during the period. Tesla makes up 0.9% of Delap Wealth Advisory LLC’s holdings, making the stock its 28th largest position. Delap Wealth Advisory LLC’s holdings in Tesla were worth $1,469,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Stevens Capital Partners increased its position in Tesla by 19.8% during the 4th quarter. Stevens Capital Partners now owns 1,547 shares of the electric vehicle producer’s stock valued at $625,000 after buying an additional 256 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Tesla in the fourth quarter valued at about $421,000. Forvis Mazars Wealth Advisors LLC increased its holdings in shares of Tesla by 28.2% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 8,308 shares of the electric vehicle producer’s stock valued at $3,355,000 after purchasing an additional 1,828 shares during the period. Lansing Street Advisors increased its holdings in shares of Tesla by 3.5% in the fourth quarter. Lansing Street Advisors now owns 1,917 shares of the electric vehicle producer’s stock valued at $774,000 after purchasing an additional 65 shares during the period. Finally, Howard Capital Management Inc. increased its holdings in shares of Tesla by 3.3% in the fourth quarter. Howard Capital Management Inc. now owns 87,674 shares of the electric vehicle producer’s stock valued at $35,406,000 after purchasing an additional 2,795 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $30,095,100. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 523,386 shares of company stock worth $195,995,200. Insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

TSLA has been the topic of a number of research reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $365.00 price objective on shares of Tesla in a report on Wednesday, January 29th. Piper Sandler increased their price objective on Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Canaccord Genuity Group increased their price objective on Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Wells Fargo & Company boosted their price target on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 30th. Ten investment analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tesla has an average rating of “Hold” and an average price target of $319.57.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $302.80 on Wednesday. The firm has a 50-day simple moving average of $393.98 and a 200-day simple moving average of $315.69. The stock has a market capitalization of $973.96 billion, a price-to-earnings ratio of 148.43, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its 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 net margin of 7.26% and a return on equity of 10.31%. On average, equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.