Whipplewood Advisors LLC Makes New $4.87 Million Investment in Tesla, Inc. (NASDAQ:TSLA)

Whipplewood Advisors LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, Holdings Channel reports. The firm purchased 12,060 shares of the electric vehicle producer’s stock, valued at approximately $4,870,000. Tesla makes up approximately 2.8% of Whipplewood Advisors LLC’s portfolio, making the stock its 2nd biggest holding.

Several other hedge funds also recently bought and sold shares of the stock. Miller Wealth Advisors LLC increased its position in Tesla by 34.4% during the fourth quarter. Miller Wealth Advisors LLC now owns 324 shares of the electric vehicle producer’s stock worth $131,000 after buying an additional 83 shares in the last quarter. Simmons Bank increased its position in Tesla by 3.1% during the fourth quarter. Simmons Bank now owns 13,263 shares of the electric vehicle producer’s stock worth $5,356,000 after buying an additional 399 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Tesla by 0.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 239,423 shares of the electric vehicle producer’s stock worth $96,689,000 after buying an additional 1,922 shares in the last quarter. Magnolia Private Wealth LLC purchased a new stake in shares of Tesla in the fourth quarter valued at $399,000. Finally, Pointe Capital Management LLC purchased a new stake in shares of Tesla in the fourth quarter valued at $249,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $37,226,491.76. This represents a 6.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at $2,222,802. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 523,386 shares of company stock valued at $195,995,200. Insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Phillip Securities downgraded Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. UBS Group lifted their price objective on Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a research report on Thursday, January 30th. New Street Research raised Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective for the company in a research report on Monday, January 6th. Bank of America downgraded Tesla from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $400.00 to $490.00 in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus lowered their price objective on Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Ten research analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $318.77.

Tesla Trading Up 4.0 %

Shares of TSLA opened at $293.33 on Friday. The company has a market capitalization of $943.49 billion, a P/E ratio of 143.79, a P/E/G ratio of 5.86 and a beta of 2.34. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a 50-day moving average price of $385.35 and a 200 day moving average price of $315.95.

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%. Sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal 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.