Financial Synergies Wealth Advisors Inc. Purchases New Position in Tesla, Inc. (NASDAQ:TSLA)

Financial Synergies Wealth Advisors Inc. purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 622 shares of the electric vehicle producer’s stock, valued at approximately $251,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in Tesla in the third quarter valued at $29,000. Peterson Financial Group Inc. purchased a new stake in shares of Tesla in the third quarter valued at about $35,000. Finley Financial LLC purchased a new stake in shares of Tesla in the fourth quarter valued at about $64,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Tesla by 692.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after buying an additional 187 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Tesla in the fourth quarter valued at about $91,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Down 3.0 %

Shares of NASDAQ TSLA opened at $350.73 on Tuesday. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The firm’s 50 day moving average price is $408.27 and its 200 day moving average price is $304.55. The firm has a market cap of $1.13 trillion, a P/E ratio of 171.93, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

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 return on equity of 10.31% and a net margin of 7.26%. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TSLA shares. The Goldman Sachs Group upped their target price on shares of Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Robert W. Baird reduced their target price on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Truist Financial increased their price target on shares of Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company increased their price target on shares of Tesla from $125.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $321.71.

Insider Buying and Selling

In other Tesla news, Director Kimbal Musk sold 75,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the transaction, the director now owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40. This trade represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $26,727,400. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 635,776 shares of company stock worth $231,335,112. 20.70% of the stock is owned by insiders.

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.