Peterson Wealth Services Acquires 10,370 Shares of Tesla, Inc. (NASDAQ:TSLA)

Peterson Wealth Services lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,092 shares of the electric vehicle producer’s stock after acquiring an additional 10,370 shares during the period. Tesla accounts for about 6.3% of Peterson Wealth Services’ investment portfolio, making the stock its 3rd largest position. Peterson Wealth Services’ holdings in Tesla were worth $21,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TSLA. Wedge Capital Management L L P NC grew its stake in shares of Tesla by 18.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 2,489 shares of the electric vehicle producer’s stock valued at $651,000 after buying an additional 384 shares during the period. Creative Planning increased its stake in Tesla by 28.3% during the third quarter. Creative Planning now owns 896,484 shares of the electric vehicle producer’s stock worth $221,677,000 after acquiring an additional 197,839 shares during the last quarter. Swedbank AB raised its holdings in shares of Tesla by 2.8% in the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after purchasing an additional 29,669 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Tesla by 9.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 72,087 shares of the electric vehicle producer’s stock valued at $18,860,000 after purchasing an additional 6,042 shares in the last quarter. Finally, Teamwork Financial Advisors LLC grew its holdings in shares of Tesla by 9.1% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 32,241 shares of the electric vehicle producer’s stock worth $8,435,000 after purchasing an additional 2,693 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at $1,903,716. This represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the business’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 completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 523,386 shares of company stock valued at $195,995,200. Company insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a research report on Thursday, January 30th. Phillip Securities downgraded Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Wedbush boosted their price objective on Tesla from $515.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Guggenheim reiterated a “sell” rating and issued a $175.00 target price on shares of Tesla in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company upped their price target on Tesla from $125.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $326.50.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $355.84 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. 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 company has a market cap of $1.14 trillion, a PE ratio of 174.43, a P/E/G ratio of 6.22 and a beta of 2.34. The stock has a 50 day simple moving average of $406.98 and a 200-day simple moving average of $306.79.

Tesla (NASDAQ:TSLA) last issued 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 net margin of 7.26% and a return on equity of 10.31%. On average, equities research analysts forecast that Tesla, Inc. will post 2.54 EPS for the current 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.