Unique Wealth Strategies LLC Takes Position in Tesla, Inc. (NASDAQ:TSLA)

Unique Wealth Strategies LLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,980 shares of the electric vehicle producer’s stock, valued at approximately $1,237,000. Tesla makes up approximately 0.8% of Unique Wealth Strategies LLC’s holdings, making the stock its 29th biggest position.

Other hedge funds have also bought and sold shares of the company. Wyrmwood Management LLC purchased a new stake in shares of Tesla during the 4th quarter valued at about $25,000. Lam Group Inc. purchased a new stake in Tesla during the fourth quarter valued at approximately $25,000. Mendota Financial Group LLC raised its position in Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares during the period. Ogorek Anthony Joseph NY ADV boosted its stake in shares of Tesla by 94.5% during the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock worth $35,000 after acquiring an additional 69 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. grew its position in shares of Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Xiaotong Zhu sold 687 shares of Tesla 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 directly owns 63,171 shares in the company, valued at $11,188,215.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TSLA has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Wednesday. Truist Financial cut their price objective on Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday. Piper Sandler restated an “overweight” rating and set a $205.00 target price on shares of Tesla in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Barclays reduced their price objective on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Eight investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $186.70.

Tesla Trading Down 1.1 %

Tesla stock traded down $1.89 during midday trading on Friday, reaching $168.29. The stock had a trading volume of 109,309,500 shares, compared to its average volume of 100,050,800. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The company has a fifty day moving average of $175.04 and a 200 day moving average of $208.00. The firm has a market cap of $536.71 billion, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 4.50 and a beta of 2.39. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.04.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the prior year, the business posted $1.07 earnings per share. Tesla’s revenue was up 3.5% on a year-over-year basis. On average, analysts anticipate that Tesla, Inc. will post 1.97 earnings per share 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.