Premier Path Wealth Partners LLC Has $7.10 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Premier Path Wealth Partners LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,576 shares of the electric vehicle producer’s stock after purchasing an additional 1,279 shares during the quarter. Tesla accounts for about 1.1% of Premier Path Wealth Partners LLC’s portfolio, making the stock its 22nd biggest position. Premier Path Wealth Partners LLC’s holdings in Tesla were worth $7,098,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Stonekeep Investments LLC lifted its position in shares of Tesla by 4.7% during the fourth quarter. Stonekeep Investments LLC now owns 13,249 shares of the electric vehicle producer’s stock valued at $5,350,000 after purchasing an additional 599 shares in the last quarter. Howard Financial Services LTD. lifted its position in shares of Tesla by 7.5% during the 4th quarter. Howard Financial Services LTD. now owns 5,587 shares of the electric vehicle producer’s stock worth $2,256,000 after buying an additional 388 shares in the last quarter. Verity & Verity LLC purchased a new position in shares of Tesla in the 4th quarter worth approximately $295,000. Integrated Investment Consultants LLC grew its holdings in shares of Tesla by 10.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 1,181 shares of the electric vehicle producer’s stock valued at $477,000 after acquiring an additional 110 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its position in shares of Tesla by 11.9% during the fourth quarter. Arkadios Wealth Advisors now owns 20,062 shares of the electric vehicle producer’s stock valued at $8,102,000 after acquiring an additional 2,126 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TSLA. Jefferies Financial Group raised their target price on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Wells Fargo & Company lifted their price objective on shares of Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. UBS Group increased their target price on shares of Tesla from $197.00 to $226.00 and gave the company a “sell” rating in a research report on Monday, November 25th. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Finally, Guggenheim raised their target price on Tesla from $156.00 to $175.00 and gave the stock a “sell” rating in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $299.33.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,442,856.32. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now owns 5,400 shares in the company, valued at approximately $2,222,802. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 621,886 shares of company stock worth $213,451,751 in the last three months. 20.70% of the stock is owned by insiders.

Tesla Stock Up 3.1 %

Shares of NASDAQ:TSLA opened at $426.50 on Monday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock’s 50-day moving average price is $389.94 and its 200-day moving average price is $288.49. The stock has a market capitalization of $1.37 trillion, a P/E ratio of 116.85, a price-to-earnings-growth ratio of 6.53 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. On average, equities analysts anticipate that Tesla, Inc. will post 1.99 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.