117 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by Parkworth Wealth Management Inc.

Parkworth Wealth Management Inc. purchased a new position in Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, Holdings Channel.com reports. The fund purchased 117 shares of the electric vehicle producer’s stock, valued at approximately $47,000.

A number of other hedge funds also recently modified their holdings of the stock. Knuff & Co LLC bought a new stake in shares of Tesla in the 4th quarter worth approximately $210,000. EverSource Wealth Advisors LLC raised its holdings in Tesla by 0.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 73,571 shares of the electric vehicle producer’s stock valued at $29,711,000 after acquiring an additional 287 shares during the period. Warwick Investment Management Inc. raised its holdings in Tesla by 2.6% during the 4th quarter. Warwick Investment Management Inc. now owns 1,747 shares of the electric vehicle producer’s stock valued at $706,000 after acquiring an additional 44 shares during the period. Windle Wealth LLC bought a new stake in Tesla during the 4th quarter valued at $287,000. Finally, Prosperity Financial Group Inc. raised its holdings in Tesla by 53.5% during the 4th quarter. Prosperity Financial Group Inc. now owns 6,303 shares of the electric vehicle producer’s stock valued at $2,545,000 after acquiring an additional 2,198 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $25,466,850. This trade represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 2,672 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $7,242,273.50. This represents a 9.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 422,452 shares of company stock valued at $153,659,530 over the last three months. Corporate insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of a number of analyst reports. Evercore ISI boosted their target price on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a report on Friday, January 3rd. Jefferies Financial Group boosted their target price on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Guggenheim reissued a “sell” rating on shares of Tesla in a report on Tuesday, February 25th. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Tesla in a report on Friday, March 7th. Finally, Truist Financial boosted their price target on shares of Tesla from $351.00 to $373.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $326.43.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $230.58 on Wednesday. The company has a market cap of $741.66 billion, a price-to-earnings ratio of 113.03, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The company has a 50-day moving average price of $360.40 and a 200-day moving average price of $319.53. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data 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 net margin of 7.26% and a return on equity of 10.31%. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

About Tesla

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.