NBZ Investment Advisors LLC Acquires Shares of 1,246 Tesla, Inc. (NASDAQ:TSLA)

NBZ Investment Advisors LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,246 shares of the electric vehicle producer’s stock, valued at approximately $503,000.

Other institutional investors also recently bought and sold shares of the company. Vertex Planning Partners LLC bought a new position in shares of Tesla during the 4th quarter valued at $347,000. Slagle Financial LLC bought a new stake in Tesla in the fourth quarter worth about $313,000. denkapparat Operations GmbH purchased a new stake in shares of Tesla during the fourth quarter valued at $307,000. Orion Portfolio Solutions LLC raised its position in Tesla by 7.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 87,905 shares of the electric vehicle producer’s stock valued at $35,500,000 after purchasing an additional 5,887 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Tesla by 1.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,280,314 shares of the electric vehicle producer’s stock valued at $920,882,000 after purchasing an additional 38,489 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TSLA. Piper Sandler cut their price target on shares of Tesla from $500.00 to $450.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Mizuho cut their price objective on shares of Tesla from $515.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, March 17th. Morgan Stanley reduced their target price on Tesla from $430.00 to $410.00 and set an “overweight” rating on the stock in a research report on Friday, March 21st. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Robert W. Baird lowered their price target on shares of Tesla from $440.00 to $370.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Nine research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $319.12.

Tesla Stock Performance

NASDAQ:TSLA opened at $273.13 on Friday. 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 company has a market cap of $878.53 billion, a price-to-earnings ratio of 133.89, a PEG ratio of 5.86 and a beta of 2.50. The firm’s 50-day moving average is $324.59 and its 200-day moving average is $321.35. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,672 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.56. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at $7,242,273.50. This trade represents a 9.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Murdoch sold 54,776 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares in the company, valued at $114,859,478.69. This represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is currently owned by corporate insiders.

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.