Capital Wealth Alliance LLC Acquires 162 Shares of Tesla, Inc. (NASDAQ:TSLA)

Capital Wealth Alliance LLC increased its position in Tesla, Inc. (NASDAQ:TSLA) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,296 shares of the electric vehicle producer’s stock after purchasing an additional 162 shares during the period. Capital Wealth Alliance LLC’s holdings in Tesla were worth $819,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TSLA. Axiom Financial Strategies LLC increased its position in shares of Tesla by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock valued at $777,000 after purchasing an additional 81 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Tesla by 19.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after acquiring an additional 164,789 shares during the last quarter. MAS Advisors LLC boosted its position in shares of Tesla by 25.7% during the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after acquiring an additional 81 shares during the last quarter. Ergoteles LLC boosted its position in shares of Tesla by 33.4% during the 1st quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock valued at $3,844,000 after acquiring an additional 893 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Tesla by 6.8% in the 1st quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock worth $77,767,000 after buying an additional 4,593 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

TSLA stock traded up $2.73 during trading on Thursday, reaching $171.11. The stock had a trading volume of 122,851,364 shares, compared to its average volume of 102,582,336. Tesla, Inc. has a 52 week low of $152.37 and a 52 week high of $299.29. The stock’s 50 day moving average is $184.02 and its two-hundred day moving average is $218.56. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The firm has a market cap of $544.95 billion, a PE ratio of 39.67, a PEG ratio of 3.13 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Tesla, Inc. will post 2.38 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is owned by company insiders.

Analyst Ratings Changes

TSLA has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday. UBS Group reduced their target price on Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Barclays reduced their target price on Tesla from $250.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 25th. Wedbush reduced their target price on Tesla from $315.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 28th. Finally, Sanford C. Bernstein reduced their target price on Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 26th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $201.63.

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.