Walser Wealth Management Company A Ltd Liability Co Takes Position in Tesla, Inc. $TSLA

Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,130 shares of the electric vehicle producer’s stock, valued at approximately $1,857,000. Tesla accounts for approximately 1.0% of Walser Wealth Management Company A Ltd Liability Co’s investment portfolio, making the stock its 9th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Tesla during the 4th quarter worth $17,128,100,000. Corient Private Wealth LLC boosted its holdings in shares of Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Tesla by 56.0% in the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock valued at $9,334,211,000 after acquiring an additional 7,450,766 shares in the last quarter. Cardano Risk Management B.V. increased its stake in shares of Tesla by 882.8% during the fourth quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock worth $3,688,630,000 after acquiring an additional 7,367,507 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Analysts Set New Price Targets

A number of equities research analysts recently commented on TSLA shares. Tigress Financial assumed coverage on shares of Tesla in a research report on Monday, April 27th. They issued a “buy” rating for the company. HSBC reissued a “hold” rating on shares of Tesla in a research note on Monday. Canaccord Genuity Group upped their price objective on Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Jefferies Financial Group reissued a “neutral” rating on shares of Tesla in a report on Wednesday, April 22nd. Finally, Barclays reaffirmed a “neutral” rating on shares of Tesla in a research note on Wednesday, May 13th. Twenty-one analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average target price of $404.37.

View Our Latest Report on TSLA

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. This trade represents a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 57,824 shares of company stock valued at $21,657,588. Company insiders own 19.90% of the company’s stock.

Tesla Stock Performance

TSLA opened at $400.49 on Friday. Tesla, Inc. has a 1-year low of $288.77 and a 1-year high of $498.83. The stock has a market cap of $1.50 trillion, a P/E ratio of 367.42, a P/E/G ratio of 15.84 and a beta of 1.80. The stock’s 50 day simple moving average is $402.19 and its 200 day simple moving average is $415.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.Tesla’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. As a group, equities analysts anticipate that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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