Tesla, Inc. $TSLA Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,052 shares of the electric vehicle producer’s stock after acquiring an additional 1,390 shares during the period. Tesla accounts for about 0.8% of Kingswood Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. Kingswood Wealth Advisors LLC’s holdings in Tesla were worth $12,920,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TSLA. Brighton Jones LLC lifted its holdings in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after acquiring an additional 931 shares during the period. Bison Wealth LLC lifted its stake in shares of Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after acquiring an additional 3,558 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Tesla by 55.3% during the first quarter. Jones Financial Companies Lllp now owns 239,337 shares of the electric vehicle producer’s stock worth $63,064,000 after acquiring an additional 85,208 shares during the period. Finally, Modern Wealth Management LLC raised its holdings in Tesla by 58.6% during the first quarter. Modern Wealth Management LLC now owns 15,043 shares of the electric vehicle producer’s stock worth $3,898,000 after purchasing an additional 5,557 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TSLA. Baird R W raised Tesla from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Industrial Alliance Securities set a $300.00 price target on Tesla in a research note on Monday, October 13th. Cowen reiterated a “buy” rating on shares of Tesla in a research report on Monday, November 17th. JPMorgan Chase & Co. restated a “sell” rating on shares of Tesla in a research report on Monday, January 5th. Finally, UBS Group reaffirmed a “sell” rating and set a $247.00 price target on shares of Tesla in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $408.54.

Get Our Latest Stock Analysis on TSLA

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the sale, the director owned 1,391,615 shares in the company, valued at $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 119,457 shares of company stock valued at $53,501,145 in the last ninety days. Corporate insiders own 19.90% of the company’s stock.

Tesla Trading Up 2.1%

Shares of TSLA stock opened at $445.01 on Friday. The stock has a market cap of $1.48 trillion, a P/E ratio of 296.67, a P/E/G ratio of 7.15 and a beta of 1.83. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The business has a fifty day simple moving average of $444.28 and a 200-day simple moving average of $395.12.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 EPS. On average, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

More Tesla News

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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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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