Tesla, Inc. $TSLA Shares Purchased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 20.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,526 shares of the electric vehicle producer’s stock after buying an additional 5,761 shares during the period. Tesla accounts for approximately 0.8% of Aaron Wealth Advisors LLC’s holdings, making the stock its 21st largest holding. Aaron Wealth Advisors LLC’s holdings in Tesla were worth $15,527,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Turning Point Benefit Group Inc. acquired a new position in shares of Tesla in the 3rd quarter valued at about $30,000. Manning & Napier Advisors LLC acquired a new position in shares of Tesla in the 3rd quarter valued at about $29,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla during the 3rd quarter valued at about $31,000. First Community Trust NA purchased a new stake in shares of Tesla during the 4th quarter valued at about $31,000. Finally, Westend Capital Management LLC purchased a new stake in shares of Tesla during the 3rd quarter valued at about $32,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other news, Director Kathleen Wilson-Thompson sold 25,809 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $359.33, for a total value of $9,273,947.97. Following the completion of the sale, the director directly owned 33,860 shares in the company, valued at approximately $12,166,913.80. The trade was a 43.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,264 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,804 shares of company stock worth $20,865,598 over the last 90 days. 19.90% of the stock is owned by company insiders.

Tesla Price Performance

TSLA stock opened at $352.82 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The stock’s 50 day moving average is $399.41 and its two-hundred day moving average is $427.11. The company has a market capitalization of $1.32 trillion, a PE ratio of 326.69, a P/E/G ratio of 10.69 and a beta of 1.91.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The company had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. During the same period in the previous year, the business earned $0.73 EPS. Tesla’s revenue for the quarter was down 3.1% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial dropped their target price on Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Canaccord Genuity Group reiterated a “buy” rating and set a $420.00 target price on shares of Tesla in a report on Monday. President Capital dropped their target price on Tesla from $517.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, January 30th. William Blair reiterated a “market perform” rating on shares of Tesla in a report on Friday, January 2nd. Finally, Benchmark reiterated a “buy” rating on shares of Tesla in a report on Wednesday, February 11th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus price target of $402.61.

View Our Latest Research Report on Tesla

Key Stories Impacting Tesla

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Tesla Company Profile

(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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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