VSM Wealth Advisory LLC Acquires Shares in Tesla, Inc.

During the fourth quarter, VSM Wealth Advisory LLC made a notable investment in Tesla, Inc. (NASDAQ:TSLA - Free Report) by purchasing a new stake of 1,127 shares, which is valued at around $455,000. This information was revealed in the company's latest Form 13F filing with the Securities and Exchange Commission.

Additionally, other significant investors have also adjusted their stakes in Tesla recently. For instance, Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in the company during the same quarter, valued at $46,000. Similarly, Parkworth Wealth Management Inc. invested $47,000 in Tesla, while PayPay Securities Corp increased its stake by 130.2%, now owning 122 shares worth $49,000 after acquiring an additional 69 shares. Other investors include Rialto Wealth Management LLC and Finley Financial LLC, who bought new positions valued at $55,000 and $64,000, respectively. Overall, institutional investors now hold 66.20% of Tesla's stock.

Tesla's Recent Stock Performance

As of Wednesday, Tesla's stock opened at $225.31, representing a decrease of 5.3%. The company has a quick ratio of 1.61 and a current ratio of 2.02, while its debt-to-equity ratio stands at just 0.08. Tesla has fluctuated significantly over the past year, with a 52-week low of $138.80 and a high of $488.54. The electric vehicle producer has a market capitalization of $724.71 billion, a price-to-earnings ratio of 110.45, and a price-to-earnings-growth ratio of 5.86. Currently, the stock's 50-day moving average is $344.47 and its 200-day moving average is $320.61.

Performance and Analyst Ratings

On January 29, Tesla reported its latest earnings results, posting an EPS of $0.66, falling short of analysts' expectations which averaged $0.74. The company's return on equity was 10.31%, and its net margin stood at 7.26%. Analysts forecast that Tesla will achieve an EPS of 2.56 for the current year.

Several analysts have weighed in on Tesla's stock. Roth Capital upgraded Tesla from a "hold" to a "strong-buy" on December 2. Conversely, Wells Fargo downgraded their price target from $135 to $130 and classified the stock as "underweight" on March 14. Other firms, like Roth MKM, have lifted Tesla's rating from "neutral" to "buy" with a target price increase from $85 to $380. Canaccord Genuity and Evercore ISI also maintained their positive outlooks, assigning buy ratings with price targets established at $404 and $275, respectively. In summary, analysts have varying views on Tesla's performance: nine have issued a sell rating, nine rated it as a hold, nineteen designated it as a buy, and two gave it a strong buy, leading to an average rating of "Hold" and a consensus price target of $319.25.

Insider Activity

In terms of insider trading, Director James R. Murdoch sold a substantial 54,776 shares on March 10, generating approximately $13.19 million at an average price of $240.79 per share. This transaction reduced his ownership stake by 10.30%, leaving him with around 477,011 shares valued at about $114.86 million. Furthermore, CFO Vaibhav Taneja sold 2,672 shares on March 6, receiving around $718,046.56 from the sale. After this transaction, his ownership decreased by 9.02%, and he retains 26,950 shares currently valued at approximately $7.24 million. Over the last quarter, insiders sold a total of 477,228 shares worth $166.85 million, and insiders currently hold 20.70% of Tesla's stock.

About Tesla

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles and energy generation and storage systems globally, with operations extending across the United States and China. The company operates in two main segments: Automotive and Energy Generation and Storage. Within the Automotive segment, Tesla not only sells electric vehicles but also engages in selling automotive regulatory credits and provides various services including vehicle insurance, supercharging options, and retail merchandise.

Investment, Tesla, Shares