Foguth Wealth Management LLC. Takes Position in Tesla, Inc. $TSLA

Foguth Wealth Management LLC. purchased a new position in Tesla, Inc. (NASDAQ:TSLAFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,283 shares of the electric vehicle producer’s stock, valued at approximately $3,629,000.

Other institutional investors also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC raised its stake in shares of Tesla by 0.4% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock worth $2,916,000 after buying an additional 23 shares during the period. Equita Financial Network Inc. increased its holdings in Tesla by 2.8% in the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock worth $380,000 after acquiring an additional 23 shares in the last quarter. VanderPol Investments L.L.C. raised its position in Tesla by 2.2% during the third quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after acquiring an additional 23 shares during the period. Resonant Capital Advisors LLC lifted its holdings in Tesla by 0.3% during the third quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock valued at $3,814,000 after purchasing an additional 23 shares in the last quarter. Finally, Cloud Capital Management LLC lifted its holdings in Tesla by 1.1% during the third quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after purchasing an additional 23 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on TSLA shares. Mizuho set a $540.00 price target on shares of Tesla and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Wedbush reiterated an “outperform” rating and set a $600.00 price objective on shares of Tesla in a research note on Thursday, January 29th. China Renaissance increased their target price on Tesla from $380.00 to $382.00 and gave the company a “hold” rating in a report on Monday, February 2nd. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a research note on Thursday, January 29th. Finally, CICC Research increased their price objective on Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $406.84.

Read Our Latest Analysis on Tesla

Tesla Stock Down 3.2%

Shares of NASDAQ:TSLA opened at $380.24 on Friday. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The stock has a market cap of $1.43 trillion, a P/E ratio of 352.07, a PEG ratio of 11.61 and a beta of 1.89. The business has a fifty day moving average of $416.30 and a two-hundred day moving average of $426.27. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The company had revenue of $24.90 billion for the quarter, compared to analyst estimates of $24.75 billion. During the same period in the previous year, the business posted $0.73 EPS. Tesla’s revenue was down 3.1% on a year-over-year basis. On average, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the sale, the director owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. This represents a 9.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 87,995 shares of company stock worth $38,315,650. Insiders own 19.90% of the company’s stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

Featured Articles

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.