419 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Centricity Wealth Management LLC

Centricity Wealth Management LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 419 shares of the electric vehicle producer’s stock, valued at approximately $169,000.

Several other large investors have also recently added to or reduced their stakes in the company. Legacy Capital Group California Inc. boosted its stake in Tesla by 3.7% in the fourth quarter. Legacy Capital Group California Inc. now owns 2,154 shares of the electric vehicle producer’s stock worth $870,000 after purchasing an additional 76 shares in the last quarter. Waterfront Wealth Inc. raised its holdings in shares of Tesla by 1.1% in the fourth quarter. Waterfront Wealth Inc. now owns 4,578 shares of the electric vehicle producer’s stock valued at $1,849,000 after buying an additional 49 shares during the last quarter. Suncoast Equity Management lifted its position in Tesla by 31.5% during the 4th quarter. Suncoast Equity Management now owns 1,064 shares of the electric vehicle producer’s stock worth $430,000 after buying an additional 255 shares in the last quarter. Financial Harvest LLC acquired a new stake in Tesla in the 4th quarter valued at about $498,000. Finally, FDx Advisors Inc. raised its stake in shares of Tesla by 48.1% in the fourth quarter. FDx Advisors Inc. now owns 1,673 shares of the electric vehicle producer’s stock worth $676,000 after acquiring an additional 543 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TSLA shares. Morgan Stanley reissued an “overweight” rating on shares of Tesla in a report on Tuesday, February 18th. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. The Goldman Sachs Group restated a “cautious” rating on shares of Tesla in a research report on Monday, February 10th. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Phillip Securities cut Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Ten equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average price target of $319.57.

Insider Buying and Selling

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at $1,903,716. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total value of $39,792,803.40. Following the transaction, the director now directly owns 85,000 shares in the company, valued at $30,095,100. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 523,386 shares of company stock worth $195,995,200. 20.70% of the stock is owned by insiders.

Tesla Price Performance

TSLA stock opened at $337.80 on Monday. The stock has a market cap of $1.09 trillion, a PE ratio of 165.59, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The stock has a 50-day moving average price of $400.17 and a two-hundred day moving average price of $314.04. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. 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 (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Tesla Company 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.