WBH Advisory Inc. Cuts Stock Position in Tesla, Inc. (NASDAQ:TSLA)

WBH Advisory Inc. trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,267 shares of the electric vehicle producer’s stock after selling 113 shares during the quarter. WBH Advisory Inc.’s holdings in Tesla were worth $647,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lam Group Inc. acquired a new stake in shares of Tesla during the fourth quarter worth $25,000. Bank & Trust Co purchased a new position in Tesla in the 2nd quarter worth $25,000. OLD Point Trust & Financial Services N A purchased a new stake in Tesla during the 4th quarter valued at about $37,000. Guardian Wealth Management Inc. acquired a new position in shares of Tesla in the fourth quarter valued at about $47,000. Finally, Kathleen S. Wright Associates Inc. raised its stake in shares of Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after purchasing an additional 100 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by company insiders.

Tesla Trading Down 0.2 %

Shares of TSLA traded down $0.43 during trading on Friday, reaching $198.41. 8,113,512 shares of the company traded hands, compared to its average volume of 99,691,625. The stock has a 50-day simple moving average of $211.60 and a 200-day simple moving average of $190.59. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $278.98. The stock has a market cap of $633.85 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 5.18 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the previous year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Tesla, Inc. will post 1.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Bank of America raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a report on Wednesday, April 24th. New Street Research downgraded shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target on the stock. in a report on Wednesday, July 24th. UBS Group cut shares of Tesla from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $147.00 to $197.00 in a report on Friday, July 12th. Barclays dropped their target price on Tesla from $225.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research report on Tuesday, July 9th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $204.21.

About Tesla

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.