Brandywine Oak Private Wealth LLC Has $1.65 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Brandywine Oak Private Wealth LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,079 shares of the electric vehicle producer’s stock after buying an additional 30 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in Tesla were worth $1,647,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in shares of Tesla during the 3rd quarter worth approximately $29,000. Peterson Financial Group Inc. acquired a new stake in Tesla during the third quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Tesla by 692.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after buying an additional 187 shares during the period. Finley Financial LLC acquired a new position in shares of Tesla in the 4th quarter valued at $64,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Tesla by 136.4% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock worth $80,000 after acquiring an additional 176 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $374.21, for a total value of $975,191.26. Following the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $40,775,792.65. The trade was a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,776 shares of company stock valued at $203,744,862 over the last three months. Company insiders own 20.70% of the company’s stock.

Tesla Stock Performance

Shares of TSLA stock opened at $361.62 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company’s 50 day moving average price is $408.27 and its two-hundred day moving average price is $303.93. The company has a market capitalization of $1.16 trillion, a P/E ratio of 177.27, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, analysts expect that Tesla, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several recent research reports. Guggenheim reissued a “sell” rating and issued a $175.00 price target on shares of Tesla in a research report on Wednesday, January 29th. The Goldman Sachs Group raised their target price on Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Wells Fargo & Company upped their price target on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. Morgan Stanley lifted their price objective on Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Bank of America cut shares of Tesla from a “buy” rating to a “neutral” rating and increased their target price for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Tesla has an average rating of “Hold” and an average target price of $322.29.

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.