Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,062 shares of the electric vehicle producer’s stock after purchasing an additional 2,126 shares during the quarter. Arkadios Wealth Advisors’ holdings in Tesla were worth $8,102,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TSLA. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of Tesla by 1.9% in the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,680 shares of the electric vehicle producer’s stock valued at $1,082,000 after acquiring an additional 50 shares during the period. Dominguez Wealth Management Solutions Inc. acquired a new stake in Tesla in the 4th quarter valued at approximately $271,000. B & T Capital Management DBA Alpha Capital Management raised its position in Tesla by 8.1% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,170 shares of the electric vehicle producer’s stock valued at $876,000 after purchasing an additional 163 shares during the period. Trivant Custom Portfolio Group LLC boosted its position in shares of Tesla by 10.1% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 1,203 shares of the electric vehicle producer’s stock worth $486,000 after buying an additional 110 shares during the period. Finally, LongView Wealth Management grew its stake in shares of Tesla by 12.9% in the fourth quarter. LongView Wealth Management now owns 1,909 shares of the electric vehicle producer’s stock valued at $771,000 after buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the sale, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This represents a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 621,886 shares of company stock valued at $213,451,751 in the last quarter. 20.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSLA. Phillip Securities cut Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, October 24th. KGI Securities raised shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price on the stock in a research note on Thursday, October 24th. Cantor Fitzgerald raised their price target on shares of Tesla from $255.00 to $365.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus upped their price objective on Tesla from $411.00 to $492.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Nine investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $299.33.

Tesla Stock Up 3.1 %

Tesla stock opened at $426.50 on Monday. The stock’s 50 day moving average price is $389.94 and its 200 day moving average price is $288.49. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a market cap of $1.37 trillion, a PE ratio of 116.85, a price-to-earnings-growth ratio of 6.53 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37.

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