Private Advisor Group LLC Increases Position in Tesla, Inc. (NASDAQ:TSLA)

Financial News Live · Mar 25, 2023 16:32

Private Advisor Group LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,478 shares of the electric vehicle producer's stock after purchasing an additional 6,689 shares during the period. Private Advisor Group LLC's holdings in Tesla were worth $2,788,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of TSLA. Trust Co. of Toledo NA OH grew its position in Tesla by 1.2% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 1,004 shares of the electric vehicle producer's stock worth $676,000 after purchasing an additional 12 shares during the last quarter. MidWestOne Financial Group Inc. lifted its stake in shares of Tesla by 3.3% in the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer's stock worth $509,000 after acquiring an additional 15 shares during the period. Condor Capital Management lifted its stake in shares of Tesla by 0.6% in the 2nd quarter. Condor Capital Management now owns 2,662 shares of the electric vehicle producer's stock worth $1,793,000 after acquiring an additional 16 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in shares of Tesla by 6.2% in the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 310 shares of the electric vehicle producer's stock worth $209,000 after acquiring an additional 18 shares during the period. Finally, Kavar Capital Partners Group LLC lifted its stake in shares of Tesla by 1.5% in the 2nd quarter. Kavar Capital Partners Group LLC now owns 1,363 shares of the electric vehicle producer's stock worth $918,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 43.00% of the company's stock.

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Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business's stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $117.50, for a total transaction of $1,233,750.00. Following the completion of the sale, the senior vice president now directly owns 64,259 shares in the company, valued at $7,550,432.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Zachary Kirkhorn sold 3,752 shares of the business's stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total transaction of $410,131.12. Following the transaction, the chief financial officer now directly owns 200,411 shares of the company's stock, valued at $21,906,926.41. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the business's stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $117.50, for a total transaction of $1,233,750.00. Following the transaction, the senior vice president now directly owns 64,259 shares in the company, valued at $7,550,432.50. The disclosure for this sale can be found here. Insiders sold a total of 53,221 shares of company stock worth $8,988,542 over the last ninety days. 25.10% of the stock is owned by company insiders.

Tesla Price Performance

Tesla stock opened at $190.41 on Friday. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $384.29. The firm has a 50 day moving average price of $182.32 and a 200 day moving average price of $194.74. The company has a market cap of $602.48 billion, a price-to-earnings ratio of 52.55, a PEG ratio of 2.27 and a beta of 2.06. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.53.

Tesla (NASDAQ:TSLA – Get Rating) last released its earnings results on Wednesday, January 25th. The electric vehicle producer reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.21. Tesla had a net margin of 15.41% and a return on equity of 31.71%. The firm had revenue of $24.32 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. Tesla's revenue was up 37.2% compared to the same quarter last year. Sell-side analysts predict that Tesla, Inc. will post 3.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSLA. Edward Jones upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, January 5th. Royal Bank of Canada raised their target price on shares of Tesla from $186.00 to $223.00 and gave the stock an "outperform" rating in a research note on Monday, February 6th. Guggenheim cut shares of Tesla from a "neutral" rating to a "sell" rating in a research note on Friday, January 13th. Wolfe Research cut shares of Tesla from an "outperform" rating to a "peer perform" rating in a research note on Monday, March 13th. Finally, Wedbush reiterated an "outperform" rating and issued a $225.00 price objective on shares of Tesla in a research note on Thursday, March 2nd. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $221.39.

Tesla Profile

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Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits.

Private Advisor Group LLC Increases Position in Tesla, Inc. (NASDAQ:TSLA)

Insiders Place Their Bets

Tesla Price Performance

Wall Street Analysts Forecast Growth

Tesla Profile

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