Viawealth LLC Has $1.42 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Viawealth LLC trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 20.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,523 shares of the electric vehicle producer’s stock after selling 903 shares during the quarter. Viawealth LLC’s holdings in Tesla were worth $1,423,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TSLA. GS Investments Inc. increased its position in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after purchasing an additional 58 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Tesla during the 4th quarter worth approximately $46,000. Parkworth Wealth Management Inc. acquired a new position in Tesla during the 4th quarter worth approximately $47,000. PayPay Securities Corp increased its position in Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after purchasing an additional 69 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new position in Tesla in the 4th quarter valued at approximately $55,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Up 4.7 %

Tesla stock opened at $235.86 on Thursday. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The firm has a market capitalization of $758.65 billion, a price-to-earnings ratio of 115.62, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The firm’s fifty day moving average price is $341.28 and its two-hundred day moving average price is $320.02. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares in the company, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at $2,222,802. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 477,228 shares of company stock worth $166,849,043 over the last quarter. Insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

TSLA has been the subject of several recent research reports. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Monday, February 10th. Stifel Nicolaus decreased their price target on shares of Tesla from $492.00 to $474.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Cantor Fitzgerald upgraded shares of Tesla from a “neutral” rating to an “overweight” rating and set a $425.00 price target for the company in a research report on Wednesday. Cowen upgraded shares of Tesla from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, Oppenheimer restated a “mixed” rating on shares of Tesla in a research report on Tuesday. Nine equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $321.12.

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.