Tesla, Inc. (NASDAQ:TSLA) Stake Lessened by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. lessened its holdings in Tesla, Inc. (NASDAQ:TSLA) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,019 shares of the electric vehicle producer’s stock after selling 195 shares during the quarter. Tesla comprises about 2.3% of Argonautica Private Wealth Management Inc.’s portfolio, making the stock its 7th largest holding. Argonautica Private Wealth Management Inc.’s holdings in Tesla were worth $7,277,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Weil Company Inc. grew its holdings in Tesla by 86.2% in the fourth quarter. Weil Company Inc. now owns 3,597 shares of the electric vehicle producer’s stock worth $1,453,000 after purchasing an additional 1,665 shares during the period. Advisor OS LLC grew its holdings in Tesla by 17.9% in the fourth quarter. Advisor OS LLC now owns 7,230 shares of the electric vehicle producer’s stock worth $2,920,000 after purchasing an additional 1,097 shares during the period. Cutter & CO Brokerage Inc. purchased a new stake in Tesla in the fourth quarter worth about $203,000. Denali Advisors LLC grew its holdings in Tesla by 106.2% in the fourth quarter. Denali Advisors LLC now owns 31,114 shares of the electric vehicle producer’s stock worth $12,565,000 after purchasing an additional 16,022 shares during the period. Finally, Lake Street Advisors Group LLC grew its holdings in Tesla by 14.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 24,689 shares of the electric vehicle producer’s stock worth $9,970,000 after purchasing an additional 3,130 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TSLA. New Street Research upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target on the stock in a report on Monday, January 6th. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Monday, February 10th. Glj Research reiterated a “sell” rating and set a $24.86 price target on shares of Tesla in a report on Wednesday, February 12th. Finally, Truist Financial increased their price target on shares of Tesla from $351.00 to $373.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and an average target price of $318.77.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at $1,903,716. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 523,386 shares of company stock valued at $195,995,200. Corporate insiders own 20.70% of the company’s stock.

Tesla Stock Up 4.0 %

Shares of TSLA stock opened at $293.33 on Friday. The company has a market capitalization of $943.49 billion, a price-to-earnings ratio of 143.79, a PEG ratio of 5.86 and a beta of 2.34. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company’s fifty day moving average price is $385.35 and its 200-day moving average price is $315.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Sell-side analysts expect that Tesla, Inc. will post 2.56 EPS 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.