Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Miller Wealth Advisors LLC

Miller Wealth Advisors LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 34.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 324 shares of the electric vehicle producer’s stock after buying an additional 83 shares during the period. Tesla makes up approximately 0.1% of Miller Wealth Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Miller Wealth Advisors LLC’s holdings in Tesla were worth $131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TSLA. Swedbank AB grew its position in shares of Tesla by 2.8% in the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock valued at $287,457,000 after purchasing an additional 29,669 shares during the period. Foundation Wealth Management LLC purchased a new stake in Tesla during the 3rd quarter worth approximately $225,000. JFS Wealth Advisors LLC increased its position in shares of Tesla by 75.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,014 shares of the electric vehicle producer’s stock valued at $527,000 after purchasing an additional 864 shares during the last quarter. HM Payson & Co. increased its position in shares of Tesla by 16.7% in the 3rd quarter. HM Payson & Co. now owns 4,624 shares of the electric vehicle producer’s stock valued at $1,210,000 after purchasing an additional 662 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC boosted its holdings in shares of Tesla by 21.6% in the 3rd quarter. Baron Silver Stevens Financial Advisors LLC now owns 3,773 shares of the electric vehicle producer’s stock valued at $987,000 after buying an additional 671 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Price Performance

Tesla stock opened at $293.33 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The stock has a market capitalization of $943.49 billion, a P/E ratio of 143.79, a P/E/G ratio of 5.86 and a beta of 2.34. The firm’s 50-day moving average is $385.35 and its two-hundred day moving average is $315.95. 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 released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $37,226,491.76. This trade represents a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at $1,903,716. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 523,386 shares of company stock valued at $195,995,200 in the last ninety days. Insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and increased their price target for the stock from $85.00 to $380.00 in a research note on Monday, December 2nd. Mizuho reiterated an “outperform” rating and set a $515.00 price target on shares of Tesla in a research note on Thursday, January 30th. Benchmark initiated coverage on shares of Tesla in a research report on Wednesday, February 12th. They set a “buy” rating and a $475.00 price objective for the company. Guggenheim restated a “sell” rating on shares of Tesla in a research report on Tuesday. Finally, Phillip Securities downgraded shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Ten analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $318.77.

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.