Wealthstream Advisors Inc. Has $1.08 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Wealthstream Advisors Inc. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,684 shares of the electric vehicle producer’s stock after purchasing an additional 114 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Tesla were worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Swedbank AB lifted its position in shares of Tesla by 2.8% during the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after buying an additional 29,669 shares during the period. Pallas Capital Advisors LLC lifted its position in shares of Tesla by 37.7% during the 3rd quarter. Pallas Capital Advisors LLC now owns 3,457 shares of the electric vehicle producer’s stock worth $900,000 after buying an additional 947 shares during the period. GW Henssler & Associates Ltd. bought a new position in shares of Tesla during the 3rd quarter worth approximately $215,000. Jacobsen Capital Management lifted its position in shares of Tesla by 19.6% during the 3rd quarter. Jacobsen Capital Management now owns 4,767 shares of the electric vehicle producer’s stock worth $1,247,000 after buying an additional 780 shares during the period. Finally, Eagle Strategies LLC lifted its position in shares of Tesla by 41.4% during the 3rd quarter. Eagle Strategies LLC now owns 6,780 shares of the electric vehicle producer’s stock worth $1,774,000 after buying an additional 1,985 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock opened at $290.80 on Thursday. The firm has a market cap of $935.36 billion, a price-to-earnings ratio of 142.55, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The stock’s 50-day moving average is $390.99 and its 200-day moving average is $315.51. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results 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 net margin of 7.26% and a return on equity of 10.31%. Equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on TSLA. Benchmark began coverage on Tesla in a research report on Wednesday, February 12th. They set a “buy” rating and a $475.00 target price for the company. StockNews.com downgraded Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Jefferies Financial Group lifted their price objective on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Bank of America downgraded Tesla from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $400.00 to $490.00 in a research report on Tuesday, January 7th. Finally, Evercore ISI lifted their price objective on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $319.57.

Insider Activity

In related news, Director Kimbal Musk sold 75,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the sale, the director now owns 1,463,220 shares in the company, valued at approximately $538,274,741.40. This represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 523,386 shares of company stock worth $195,995,200 over the last three months. Corporate insiders own 20.70% of the company’s stock.

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.