FWG Holdings LLC Increases Stake in Tesla, Inc. (NASDAQ:TSLA)

FWG Holdings LLC has increased its investment in Tesla, Inc. (NASDAQ:TSLA) by 52.2% during the fourth quarter, as reported in their latest filing with the Securities and Exchange Commission (SEC). Following this growth, the fund now holds 4,077 shares of the electric vehicle manufacturer after acquiring an additional 1,398 shares throughout the quarter. This investment represents approximately 0.8% of FWG Holdings LLC's total portfolio, making Tesla the 22nd largest position in their holdings. The value of FWG Holdings LLC's Tesla shares at the end of the reporting period was $1,564,000.

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Several other institutional investors have also modified their stakes in Tesla recently. Hengehold Capital Management LLC increased its position by 1.8% during the same quarter, bringing their total to 1,347 shares valued at around $544,000 after buying 24 more shares. Additionally, Strategic Investment Advisors MI raised their stake by 0.3%, owning 6,990 shares worth $2,823,000 after acquiring 24 more shares. Acropolis Investment Management LLC saw an increase of 0.9%, resulting in 2,814 shares valued at $1,136,000 after a purchase of 25 shares. Mount Vernon Associates MD went up by 0.3%, owning 7,305 shares worth $2,950,000 after buying an additional 25 shares. Similarly, Vista Finance LLC boosted its holdings by 0.7%, owning 3,510 shares valued at $1,417,000 after acquiring another 25 shares. In total, hedge funds and institutional investors own 66.20% of Tesla stock.

Insider Activity at Tesla

In related developments, Tesla Director Kathleen Wilson-Thompson sold 100,000 shares on January 6th at an average price of $411.63, totaling $41,163,000. After this sale, she retains 5,400 shares worth approximately $2,222,802, indicating a significant reduction in her holdings. This transaction was reported to the SEC and is publicly accessible. Additionally, CFO Vaibhav Taneja sold 7,000 shares on the same day at an average price of $413.56, amounting to $2,894,920. After the sale, Taneja holds 108,965 shares valued at around $45,063,565. Insiders have sold a total of 422,452 shares valued at $153,659,530 over the last ninety days, and they currently own 20.70% of Tesla's stock.

Tesla Trading Down 0.3%

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As of Monday, Tesla shares opened at $262.67. The company has a current ratio of 2.02, a quick ratio of 1.61, and a low debt-to-equity ratio of 0.08. With a market cap of $844.88 billion, a PE ratio of 128.76, and a PEG ratio of 5.86, the stock has fluctuated between a one-year low of $138.80 and a high of $488.54. Its 50-day simple moving average stands at $367.78 while the 200-day simple moving average is $319.38.

Tesla reported its quarterly earnings on January 29th, revealing earnings per share (EPS) of $0.66, which fell short of analysts' expectations of $0.74 by $0.08. The company achieved a net margin of 7.26% and a return on equity of 10.31%. Analysts predict an average EPS of 2.56 for Tesla for the current fiscal year.

Analysts Set New Price Targets

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Various equity analysts have recently shared their insights about Tesla. Robert W. Baird lowered its target price from $440.00 to $370.00, maintaining an "outperform" rating. TD Cowen upgraded Tesla from a "hold" to a "buy" rating with a new target price of $388.00, up from $180.00. Wells Fargo & Company raised its target price from $125.00 to $135.00 and assigned an "underweight" rating. Mizuho reiterated an "outperform" rating with a price target of $515.00. Additionally, Needham & Company LLC reaffirmed a "hold" rating. The consensus among nine analysts is a sell rating, with eleven rating it a hold, sixteen a buy, and two a strong buy, resulting in an average target price of $327.37.

Check Out Our Latest Stock Analysis on TSLA

About Tesla

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Tesla, Inc. focuses on designing, manufacturing, leasing, and selling electric vehicles, as well as energy generation and storage systems across the U.S., China, and globally. The company operates in two main segments: Automotive and Energy Generation and Storage. The Automotive segment features electric vehicles and related services such as regulatory credits, after-sales vehicle, used vehicle sales, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

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FWG, Tesla, Investment