Impact Partnership Wealth LLC Grows Holdings in Tesla, Inc. (NASDAQ:TSLA)

Impact Partnership Wealth LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 22.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,965 shares of the electric vehicle producer’s stock after buying an additional 903 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Tesla were worth $2,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Southland Equity Partners LLC grew its position in Tesla by 6.2% during the 4th quarter. Southland Equity Partners LLC now owns 8,190 shares of the electric vehicle producer’s stock valued at $3,307,000 after purchasing an additional 475 shares during the last quarter. Sound Income Strategies LLC grew its position in Tesla by 12.9% during the 4th quarter. Sound Income Strategies LLC now owns 16,360 shares of the electric vehicle producer’s stock valued at $6,607,000 after purchasing an additional 1,871 shares during the last quarter. Rappaport Reiches Capital Management LLC grew its position in Tesla by 1.7% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 3,572 shares of the electric vehicle producer’s stock valued at $1,443,000 after purchasing an additional 60 shares during the last quarter. RFG Advisory LLC grew its position in Tesla by 39.2% during the 4th quarter. RFG Advisory LLC now owns 20,291 shares of the electric vehicle producer’s stock valued at $8,194,000 after purchasing an additional 5,709 shares during the last quarter. Finally, Private Capital Advisors Inc. purchased a new stake in Tesla during the 4th quarter valued at about $673,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $26,442,856.32. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 617,886 shares of company stock valued at $212,451,751. 20.70% of the stock is currently owned by insiders.

Tesla Stock Down 1.4 %

NASDAQ:TSLA opened at $406.58 on Monday. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a 50-day moving average of $398.82 and a 200 day moving average of $294.26. The firm has a market cap of $1.31 trillion, a PE ratio of 111.39, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group increased their price objective on shares of Tesla from $197.00 to $226.00 and gave the company a “sell” rating in a research report on Monday, November 25th. StockNews.com upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and upped their target price for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Truist Financial restated a “hold” rating and set a $360.00 target price on shares of Tesla in a research note on Thursday, January 2nd. Finally, Phillip Securities cut shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $313.84.

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.