Solutions 4 Wealth Ltd Makes New $498,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

Solutions 4 Wealth Ltd bought a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,005 shares of the electric vehicle producer’s stock, valued at approximately $498,000. Tesla comprises about 1.6% of Solutions 4 Wealth Ltd’s investment portfolio, making the stock its 17th biggest position.

Other institutional investors also recently modified their holdings of the company. Wyrmwood Management LLC bought a new stake in shares of Tesla during the 4th quarter valued at $25,000. Lam Group Inc. bought a new stake in Tesla in the fourth quarter valued at about $25,000. Mendota Financial Group LLC increased its holdings in Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its holdings in Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after buying an additional 100 shares during the last quarter. Finally, Cordant Inc. acquired a new position in shares of Tesla during the 3rd quarter worth about $53,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TSLA. Piper Sandler reiterated an “overweight” rating and issued a $205.00 price target on shares of Tesla in a research report on Monday, April 22nd. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Wednesday, April 24th. HSBC lowered their price objective on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating for the company in a research report on Wednesday, April 24th. Canaccord Genuity Group reduced their target price on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Finally, Edward Jones downgraded Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $185.90.

Tesla Stock Up 0.0 %

Shares of NASDAQ:TSLA traded up $0.02 during trading on Thursday, hitting $180.01. 88,368,478 shares of the company were exchanged, compared to its average volume of 105,028,250. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The stock has a market cap of $574.09 billion, a price-to-earnings ratio of 45.57, a P/E/G ratio of 4.98 and a beta of 2.40. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $174.41 and a two-hundred day moving average price of $206.11.

Insider Activity at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the firm’s 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 approximately $11,188,215.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is 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.