Schwarz Dygos Wheeler Investment Advisors LLC Buys Shares of 647 Tesla, Inc. (NASDAQ:TSLA)

Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 647 shares of the electric vehicle producer’s stock, valued at approximately $261,000.

Other hedge funds also recently modified their holdings of the company. Bell Investment Advisors Inc lifted its position in shares of Tesla by 1.3% in the fourth quarter. Bell Investment Advisors Inc now owns 2,339 shares of the electric vehicle producer’s stock worth $945,000 after buying an additional 30 shares during the last quarter. SLT Holdings LLC bought a new stake in Tesla during the fourth quarter valued at about $1,932,000. Sound View Wealth Advisors Group LLC grew its position in shares of Tesla by 2.2% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 44,481 shares of the electric vehicle producer’s stock valued at $17,963,000 after purchasing an additional 969 shares during the last quarter. BOK Financial Private Wealth Inc. increased its stake in shares of Tesla by 4.2% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 1,247 shares of the electric vehicle producer’s stock worth $504,000 after purchasing an additional 50 shares during the period. Finally, Alpha Omega Group Inc. lifted its position in shares of Tesla by 6.2% during the 4th quarter. Alpha Omega Group Inc. now owns 994 shares of the electric vehicle producer’s stock worth $401,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

Tesla stock opened at $262.67 on Monday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The firm has a market cap of $844.88 billion, a P/E ratio of 128.76, a P/E/G ratio of 5.86 and a beta of 2.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The business’s fifty day moving average is $367.78 and its two-hundred day moving average is $319.38.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TSLA shares. TD Cowen raised Tesla from a “hold” rating to a “buy” rating and raised their target price for the company from $180.00 to $388.00 in a report on Friday. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Monday, February 10th. Piper Sandler upped their target price on shares of Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. StockNews.com lowered shares of Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Finally, Bank of America dropped their price objective on shares of Tesla from $490.00 to $380.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Nine investment analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $327.37.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,672 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $7,242,273.50. This represents a 9.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 422,452 shares of company stock worth $153,659,530 over the last 90 days. Insiders own 20.70% of the company’s stock.

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.