Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Lifted by Westwood Wealth Management

Westwood Wealth Management boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 1,334.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,560 shares of the electric vehicle producer’s stock after buying an additional 14,475 shares during the quarter. Tesla makes up 2.3% of Westwood Wealth Management’s investment portfolio, making the stock its 9th largest holding. Westwood Wealth Management’s holdings in Tesla were worth $6,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. grew its position in shares of Tesla by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer’s stock valued at $955,052,000 after acquiring an additional 194,796 shares during the period. United Bank bought a new position in Tesla during the third quarter valued at $287,000. Weiss Asset Management LP bought a new position in Tesla during the third quarter valued at $5,246,000. EP Wealth Advisors LLC increased its position in Tesla by 5.1% in the third quarter. EP Wealth Advisors LLC now owns 66,870 shares of the electric vehicle producer’s stock worth $17,495,000 after buying an additional 3,222 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its stake in shares of Tesla by 27.4% in the third quarter. iA Global Asset Management Inc. now owns 267,049 shares of the electric vehicle producer’s stock valued at $69,868,000 after buying an additional 57,420 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TSLA shares. Cowen raised Tesla from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. New Street Research upgraded shares of 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. StockNews.com cut shares of Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Morgan Stanley lowered their target price on shares of Tesla from $430.00 to $410.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $404.00 price target on shares of Tesla in a report on Monday, March 17th. Eight investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $312.65.

Insider Buying and Selling

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 477,228 shares of company stock valued at $166,849,043 over the last three months. 20.70% of the stock is owned by company insiders.

Tesla Stock Down 10.4 %

Shares of NASDAQ:TSLA opened at $239.43 on Friday. The stock has a market capitalization of $770.13 billion, a P/E ratio of 117.37, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The stock’s 50-day moving average price is $305.98 and its 200-day moving average price is $323.56. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results 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%. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.