White Knight Strategic Wealth Advisors LLC Has $3.75 Million Position in Tesla, Inc. (NASDAQ:TSLA)

White Knight Strategic Wealth Advisors LLC decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,106 shares of the electric vehicle producer’s stock after selling 590 shares during the quarter. Tesla makes up 4.3% of White Knight Strategic Wealth Advisors LLC’s investment portfolio, making the stock its 5th largest position. White Knight Strategic Wealth Advisors LLC’s holdings in Tesla were worth $3,754,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Tesla in the 4th quarter worth about $7,844,757,000. International Assets Investment Management LLC raised its holdings in shares of Tesla by 25,990.7% in the 4th quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock valued at $1,541,273,000 after acquiring an additional 6,179,032 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Tesla by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock valued at $56,534,710,000 after acquiring an additional 3,453,078 shares in the last quarter. Morgan Stanley raised its holdings in shares of Tesla by 7.8% in the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock valued at $7,546,823,000 after acquiring an additional 2,177,397 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Tesla by 3.4% in the 3rd quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock valued at $6,891,765,000 after acquiring an additional 909,170 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Tesla stock traded down $0.46 during mid-day trading on Friday, reaching $177.48. 56,244,932 shares of the stock traded hands, compared to its average volume of 68,096,336. The stock has a market capitalization of $566.02 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 4.41 and a beta of 2.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The business’s 50-day moving average is $172.18 and its 200-day moving average is $197.76.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. As a group, sell-side analysts predict that Tesla, Inc. will post 1.87 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at $2,772,900. The disclosure for this sale can be found here. Insiders sold a total of 198,560 shares of company stock valued at $35,725,248 over the last 90 days. Company insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the topic of several recent analyst reports. Truist Financial lowered their price target on Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Wedbush reissued an “outperform” rating and set a $275.00 price objective on shares of Tesla in a report on Monday, April 29th. Canaccord Genuity Group decreased their price objective on Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Wednesday, April 24th. Finally, Guggenheim reiterated a “sell” rating and issued a $122.00 price objective on shares of Tesla in a research report on Tuesday, April 23rd. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and an average target price of $185.90.

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.