Heartwood Wealth Advisors LLC Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Heartwood Wealth Advisors LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 771 shares of the electric vehicle producer’s stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Linscomb Wealth Inc. raised its stake in Tesla by 3.9% in the 2nd quarter. Linscomb Wealth Inc. now owns 4,070 shares of the electric vehicle producer’s stock valued at $805,000 after purchasing an additional 153 shares during the last quarter. Barings LLC lifted its stake in shares of Tesla by 74.1% during the 2nd quarter. Barings LLC now owns 2,807 shares of the electric vehicle producer’s stock worth $555,000 after purchasing an additional 1,195 shares during the period. Bell Investment Advisors Inc boosted its holdings in shares of Tesla by 7.9% during the second quarter. Bell Investment Advisors Inc now owns 2,255 shares of the electric vehicle producer’s stock worth $446,000 after purchasing an additional 165 shares during the last quarter. Altman Advisors Inc. increased its stake in Tesla by 0.6% in the second quarter. Altman Advisors Inc. now owns 10,711 shares of the electric vehicle producer’s stock valued at $2,119,000 after purchasing an additional 69 shares during the last quarter. Finally, Wealthgarden F.S. LLC acquired a new stake in Tesla in the 2nd quarter worth about $262,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Up 0.2 %

Shares of TSLA traded up $0.71 during mid-day trading on Friday, reaching $395.65. The company’s stock had a trading volume of 50,792,466 shares, compared to its average volume of 81,579,945. The company has a market cap of $1.27 trillion, a price-to-earnings ratio of 108.40, a price-to-earnings-growth ratio of 10.80 and a beta of 2.30. The business has a fifty day moving average of $373.68 and a 200 day moving average of $279.12. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same period in the prior year, the firm posted $0.53 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Royal Bank of Canada increased their target price on Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. New Street Research raised Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target for the company in a research report on Monday. UBS Group boosted their target price on Tesla from $197.00 to $226.00 and gave the stock a “sell” rating in a report on Monday, November 25th. Finally, Mizuho raised shares of Tesla from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $230.00 to $515.00 in a research report on Tuesday, December 17th. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average target price of $295.69.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at $1,868,508. This represents a 94.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. The trade was a 3.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 621,886 shares of company stock valued at $213,451,751. 20.70% of the stock is owned by insiders.

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.