Rothschild Capital Partners LLC Acquires Shares of 3,210 Tesla, Inc. (NASDAQ:TSLA)

Rothschild Capital Partners LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,210 shares of the electric vehicle producer’s stock, valued at approximately $1,296,000.

Other large investors have also modified their holdings of the company. Topsail Wealth Management LLC acquired a new position in Tesla during the 4th quarter worth approximately $234,000. Keyvantage Wealth LLC acquired a new stake in Tesla during the 4th quarter valued at $1,080,000. Stonebridge Capital Advisors LLC increased its stake in Tesla by 39.6% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,846 shares of the electric vehicle producer’s stock worth $745,000 after buying an additional 524 shares during the period. Hancock Whitney Corp lifted its holdings in Tesla by 6.7% in the 4th quarter. Hancock Whitney Corp now owns 49,847 shares of the electric vehicle producer’s stock worth $20,130,000 after buying an additional 3,147 shares in the last quarter. Finally, Seven Springs Wealth Group LLC purchased a new position in Tesla in the 4th quarter valued at about $364,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on TSLA shares. Mizuho cut their price target on Tesla from $375.00 to $325.00 and set an “outperform” rating on the stock in a research note on Wednesday. UBS Group cut their target price on Tesla from $225.00 to $190.00 and set a “sell” rating on the stock in a research report on Thursday, April 10th. Robert W. Baird decreased their price target on shares of Tesla from $370.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday. Argus set a $410.00 price target on shares of Tesla in a report on Thursday. Finally, Wedbush reissued an “outperform” rating and set a $350.00 price objective (up from $315.00) on shares of Tesla in a report on Tuesday. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $287.46.

Tesla Stock Performance

TSLA opened at $259.51 on Friday. Tesla, Inc. has a 1-year low of $158.36 and a 1-year high of $488.54. The company has a market capitalization of $834.72 billion, a price-to-earnings ratio of 127.21, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. The business has a 50 day moving average price of $265.36 and a two-hundred day moving average price of $322.18. 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 announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the prior year, the business earned $0.45 EPS. Research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director James R. Murdoch sold 54,776 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now directly owns 477,011 shares of the company’s stock, valued at $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $6,737,500. The trade was a 12.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 374,228 shares of company stock worth $123,791,123 in the last ninety days. 20.70% of the stock is currently owned by corporate 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.