8,688 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by GWN Securities Inc.

GWN Securities Inc. bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 8,688 shares of the electric vehicle producer’s stock, valued at approximately $3,527,000. Tesla comprises approximately 0.9% of GWN Securities Inc.’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors have also recently modified their holdings of the company. Van Hulzen Asset Management LLC lifted its position in shares of Tesla by 0.8% during the 4th quarter. Van Hulzen Asset Management LLC now owns 74,271 shares of the electric vehicle producer’s stock valued at $29,994,000 after buying an additional 554 shares in the last quarter. Facet Wealth Inc. lifted its holdings in Tesla by 9.8% during the fourth quarter. Facet Wealth Inc. now owns 4,793 shares of the electric vehicle producer’s stock valued at $1,936,000 after purchasing an additional 427 shares in the last quarter. Sovereign Investment Advisors LLC acquired a new stake in shares of Tesla in the fourth quarter valued at about $366,000. Harbour Investments Inc. increased its stake in shares of Tesla by 4.5% during the fourth quarter. Harbour Investments Inc. now owns 25,982 shares of the electric vehicle producer’s stock worth $10,493,000 after purchasing an additional 1,127 shares in the last quarter. Finally, CV Advisors LLC acquired a new position in shares of Tesla during the 4th quarter worth about $1,054,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

Shares of Tesla stock opened at $249.98 on Friday. The firm has a market capitalization of $804.06 billion, a P/E ratio of 122.54, a P/E/G ratio of 5.86 and a beta of 2.50. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The firm’s 50 day moving average is $351.31 and its two-hundred day moving average is $319.51.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (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%. Research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,672 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the sale, the chief financial officer now owns 26,950 shares of the company’s stock, valued at approximately $7,242,273.50. The trade was a 9.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 477,228 shares of company stock worth $166,849,043. 20.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSLA. Wells Fargo & Company decreased their target price on Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Morgan Stanley restated a “top pick” rating and set a $430.00 price target on shares of Tesla in a research report on Monday, March 3rd. JPMorgan Chase & Co. decreased their target price on shares of Tesla from $135.00 to $120.00 and set an “underweight” rating on the stock in a research note on Wednesday. Finally, Wedbush restated an “outperform” rating and issued a $550.00 price target on shares of Tesla in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $325.65.

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.