Ashton Thomas Private Wealth LLC Raises Holdings in Tesla, Inc. (NASDAQ:TSLA)

Ashton Thomas Private Wealth LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 116.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,756 shares of the electric vehicle producer’s stock after buying an additional 5,776 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Tesla were worth $4,344,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Strategic Family Wealth Counselors L.L.C. lifted its holdings in Tesla by 133.7% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer’s stock valued at $1,150,000 after purchasing an additional 1,629 shares in the last quarter. Callan Family Office LLC raised its position in shares of Tesla by 2,677.9% in the fourth quarter. Callan Family Office LLC now owns 33,390 shares of the electric vehicle producer’s stock valued at $13,484,000 after buying an additional 32,188 shares during the last quarter. Hartford Funds Management Co LLC purchased a new position in shares of Tesla during the fourth quarter valued at approximately $557,000. Chatham Capital Group Inc. purchased a new position in shares of Tesla during the fourth quarter valued at approximately $248,000. Finally, E Fund Management Co. Ltd. boosted its position in Tesla by 26.3% during the fourth quarter. E Fund Management Co. Ltd. now owns 64,340 shares of the electric vehicle producer’s stock worth $25,983,000 after acquiring an additional 13,396 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA stock opened at $262.67 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The company’s fifty day moving average price is $367.78 and its two-hundred day moving average price is $318.03. The firm has a market capitalization of $844.88 billion, a P/E ratio of 128.76, a P/E/G ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated 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 approximately $2,222,802. This represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 422,452 shares of company stock worth $153,659,530. 20.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of recent analyst reports. Robert W. Baird reduced their price target on Tesla from $440.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday. Bank of America reduced their target price on Tesla from $490.00 to $380.00 and set a “neutral” rating on the stock in a research report on Tuesday. Evercore ISI lifted their price target on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a report on Friday, January 3rd. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Glj Research reissued a “sell” rating and issued a $24.86 target price on shares of Tesla in a research report on Wednesday, February 12th. Nine analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $327.37.

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.