Unique Wealth Strategies LLC Buys Shares of 4,980 Tesla, Inc. (NASDAQ:TSLA)

Unique Wealth Strategies LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,980 shares of the electric vehicle producer’s stock, valued at approximately $1,237,000. Tesla comprises about 0.8% of Unique Wealth Strategies LLC’s portfolio, making the stock its 29th largest position.

Several other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in 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 worth $1,541,273,000 after purchasing an additional 6,179,032 shares in the last quarter. Vanguard Group Inc. increased its stake 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 worth $56,534,710,000 after acquiring an additional 3,453,078 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Tesla by 34.0% during the 3rd quarter. California Public Employees Retirement System now owns 9,032,207 shares of the electric vehicle producer’s stock worth $2,260,039,000 after acquiring an additional 2,293,344 shares during the period. Morgan Stanley boosted its position in shares of Tesla by 7.8% during 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 during the last quarter. Finally, Northern Trust Corp increased its position in Tesla by 3.4% during the third quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock worth $6,891,765,000 after purchasing an additional 909,170 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $5,502,726. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock valued at $38,802,534 over the last three months. 25.10% of the stock is owned by corporate insiders.

Tesla Stock Down 1.1 %

Shares of TSLA stock traded down $1.89 on Friday, reaching $168.29. 109,309,500 shares of the stock were exchanged, compared to its average volume of 100,050,800. The company has a market capitalization of $536.71 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 4.50 and a beta of 2.39. The business’s 50 day moving average price is $175.04 and its 200 day moving average price is $208.00. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 earnings per share. As a group, sell-side analysts expect that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. UBS Group decreased their target price on shares of Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a report on Wednesday. Daiwa Capital Markets cut Tesla from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $245.00 to $195.00 in a research note on Tuesday, February 6th. Edward Jones downgraded Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. lowered their price target on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 3rd. Finally, Sanford C. Bernstein reduced their price objective on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday, March 26th. Eight equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $186.70.

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.