Global Trust Asset Management LLC Increases Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Global Trust Asset Management LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 1.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,200 shares of the electric vehicle producer’s stock after acquiring an additional 54 shares during the quarter. Global Trust Asset Management LLC’s holdings in Tesla were worth $1,696,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Drucker Wealth 3.0 LLC purchased a new stake in shares of Tesla during the second quarter worth approximately $445,000. MBB Public Markets I LLC raised its holdings in shares of Tesla by 2,101.9% during the 2nd quarter. MBB Public Markets I LLC now owns 202,887 shares of the electric vehicle producer’s stock worth $40,147,000 after acquiring an additional 193,673 shares during the period. Scientech Research LLC purchased a new stake in shares of Tesla in the second quarter valued at about $1,833,000. Smith Thornton Advisors LLC purchased a new position in Tesla during the second quarter worth about $233,000. Finally, Beaird Harris Wealth Management LLC grew its stake in shares of Tesla by 60.4% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 2,181 shares of the electric vehicle producer’s stock valued at $432,000 after buying an additional 821 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s 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 completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. The trade was 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, Director Kimbal Musk sold 60,500 shares of Tesla 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 sale, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 617,886 shares of company stock valued at $212,451,751 over the last quarter. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. UBS Group increased their price target on shares of Tesla from $197.00 to $226.00 and gave the stock a “sell” rating in a research report on Monday, November 25th. New Street Research raised shares of 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, January 6th. Wells Fargo & Company upped their target price on shares of Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Finally, Mizuho raised Tesla from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $230.00 to $515.00 in a research report on Tuesday, December 17th. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $313.84.

Tesla Stock Down 1.4 %

Shares of NASDAQ TSLA opened at $406.58 on Friday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.31 trillion, a price-to-earnings ratio of 111.39, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The firm has a 50-day moving average price of $397.11 and a 200 day moving average price of $292.97.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. Equities research analysts anticipate that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

Tesla 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.