CFM Wealth Partners LLC Sells 261 Shares of Tesla, Inc. (NASDAQ:TSLA)

CFM Wealth Partners LLC decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,717 shares of the electric vehicle producer’s stock after selling 261 shares during the period. CFM Wealth Partners LLC’s holdings in Tesla were worth $1,357,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. Apexium Financial LP lifted its holdings in Tesla by 736.8% during the 4th quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock worth $6,201,000 after purchasing an additional 21,972 shares during the last quarter. Mount Vernon Associates Inc. MD boosted its position in shares of Tesla by 5.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock valued at $1,724,000 after acquiring an additional 350 shares during the period. Forum Financial Management LP increased its position in Tesla by 19.7% during the fourth quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock worth $5,410,000 after acquiring an additional 3,582 shares during the period. J.W. Cole Advisors Inc. raised its stake in Tesla by 16.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock worth $11,533,000 after purchasing an additional 6,615 shares in the last quarter. Finally, Catalyst Financial Partners LLC boosted its holdings in Tesla by 9.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock valued at $1,734,000 after purchasing an additional 598 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TSLA shares. JPMorgan Chase & Co. dropped their price target on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, April 3rd. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Wednesday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $175.00 price target on shares of Tesla in a research note on Friday, June 14th. Wedbush reiterated an “outperform” rating and set a $275.00 price objective on shares of Tesla in a research note on Friday, June 14th. Finally, Robert W. Baird restated an “outperform” rating and issued a $280.00 target price on shares of Tesla in a research report on Wednesday, April 17th. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $187.30.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the sale, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,855 shares of company stock valued at $19,285,643. Company insiders own 25.10% of the company’s stock.

Tesla Stock Performance

Tesla stock traded up $9.02 during trading on Wednesday, hitting $196.37. The stock had a trading volume of 95,407,381 shares, compared to its average volume of 95,510,969. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average is $175.02 and its two-hundred day moving average is $192.25. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The stock has a market cap of $626.26 billion, a price-to-earnings ratio of 50.09, a price-to-earnings-growth ratio of 4.65 and a beta of 2.32.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. As a group, analysts predict that Tesla, Inc. will post 1.87 EPS for the current year.

Tesla Company 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.