Hibernia Wealth Partners LLC Has $367,000 Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Hibernia Wealth Partners LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2,011.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,478 shares of the electric vehicle producer’s stock after purchasing an additional 1,408 shares during the quarter. Hibernia Wealth Partners LLC’s holdings in Tesla were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TSLA. MidWestOne Financial Group Inc. lifted its position in Tesla by 3.3% in the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock valued at $509,000 after acquiring an additional 15 shares in the last quarter. City State Bank lifted its position in shares of Tesla by 3.3% during the 3rd quarter. City State Bank now owns 1,260 shares of the electric vehicle producer’s stock worth $315,000 after buying an additional 40 shares in the last quarter. Marcum Wealth LLC lifted its position in shares of Tesla by 0.6% during the 3rd quarter. Marcum Wealth LLC now owns 7,393 shares of the electric vehicle producer’s stock worth $1,850,000 after buying an additional 41 shares in the last quarter. Linscomb & Williams Inc. lifted its position in shares of Tesla by 3.5% during the 1st quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock worth $1,329,000 after buying an additional 42 shares in the last quarter. Finally, Investors Research Corp lifted its position in shares of Tesla by 5.5% during the 2nd quarter. Investors Research Corp now owns 801 shares of the electric vehicle producer’s stock worth $210,000 after buying an additional 42 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,631,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The disclosure for this sale can be found here. Insiders sold 198,598 shares of company stock valued at $36,952,434 over the last three months. Company insiders own 25.10% of the company’s stock.

Tesla Stock Performance

Shares of TSLA traded down $4.04 on Friday, reaching $175.79. 77,654,838 shares of the company’s stock traded hands, compared to its average volume of 95,391,528. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The stock has a market cap of $559.85 billion, a PE ratio of 40.79, a PEG ratio of 4.06 and a beta of 2.41. The stock’s 50 day simple moving average is $187.05 and its two-hundred day simple moving average is $221.74. Tesla, Inc. has a 52-week low of $152.37 and a 52-week high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. On average, analysts forecast that Tesla, Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of Tesla from $220.00 to $190.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Daiwa Capital Markets lowered shares of Tesla from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $245.00 to $195.00 in a research note on Tuesday, February 6th. Piper Sandler cut their price target on shares of Tesla from $295.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, February 5th. Wedbush cut their price target on shares of Tesla from $315.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday. Finally, TD Cowen lowered their price target on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $204.63.

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.