Leo Wealth LLC Purchases 378 Shares of Tesla, Inc. (NASDAQ:TSLA)

Leo Wealth LLC increased its position in Tesla, Inc. (NASDAQ:TSLA) by 8.1% during the 4th quarter, Holdings Channel reports. The firm owned 5,069 shares of the electric vehicle producer’s stock after acquiring an additional 378 shares during the quarter. Leo Wealth LLC’s holdings in Tesla were worth $2,047,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSLA. Retirement Planning Group LLC lifted its holdings in Tesla by 16.1% during the third quarter. Retirement Planning Group LLC now owns 1,392 shares of the electric vehicle producer’s stock worth $364,000 after buying an additional 193 shares during the period. Carnegie Investment Counsel lifted its holdings in Tesla by 29.6% during the third quarter. Carnegie Investment Counsel now owns 6,630 shares of the electric vehicle producer’s stock worth $1,735,000 after buying an additional 1,515 shares during the period. CHICAGO TRUST Co NA lifted its holdings in Tesla by 37.6% during the third quarter. CHICAGO TRUST Co NA now owns 2,197 shares of the electric vehicle producer’s stock worth $575,000 after buying an additional 600 shares during the period. Douglas Lane & Associates LLC purchased a new stake in Tesla during the third quarter worth $209,000. Finally, VitalStone Financial LLC lifted its holdings in Tesla by 52.3% during the third quarter. VitalStone Financial LLC now owns 3,095 shares of the electric vehicle producer’s stock worth $810,000 after buying an additional 1,063 shares during the period. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on TSLA shares. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and increased their price objective for the company from $85.00 to $380.00 in a report on Monday, December 2nd. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Guggenheim reiterated a “sell” rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday, January 29th. New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price for the company in a research note on Monday, January 6th. Finally, Jefferies Financial Group raised their target price on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $321.71.

Tesla Trading Down 3.0 %

TSLA opened at $350.73 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The company’s 50 day simple moving average is $408.27 and its two-hundred day simple moving average is $304.55. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The firm has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 171.93, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. Analysts expect that Tesla, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the sale, the director now owns 85,000 shares of the company’s stock, valued at $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 635,776 shares of company stock valued at $231,335,112. 20.70% of the stock is currently owned by company insiders.

Tesla 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.