Wealthcare Capital Management LLC Sells 76 Shares of Tesla, Inc. (NASDAQ:TSLA)

Wealthcare Capital Management LLC cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,626 shares of the electric vehicle producer’s stock after selling 76 shares during the period. Wealthcare Capital Management LLC’s holdings in Tesla were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Procyon Advisors LLC boosted its holdings in shares of Tesla by 3.9% in the fourth quarter. Procyon Advisors LLC now owns 69,827 shares of the electric vehicle producer’s stock valued at $28,199,000 after buying an additional 2,610 shares during the period. Everpar Advisors LLC lifted its position in Tesla by 9.3% in the 4th quarter. Everpar Advisors LLC now owns 8,869 shares of the electric vehicle producer’s stock valued at $3,582,000 after acquiring an additional 757 shares in the last quarter. Border to Coast Pensions Partnership Ltd acquired a new position in Tesla in the 4th quarter worth $35,695,000. RDA Financial Network bought a new position in Tesla during the 4th quarter worth about $331,000. Finally, Sterling Financial Group Inc. raised its stake in shares of Tesla by 6.1% in the 4th quarter. Sterling Financial Group Inc. now owns 2,694 shares of the electric vehicle producer’s stock valued at $1,088,000 after purchasing an additional 156 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $374.21, for a total value of $975,191.26. Following the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at approximately $40,775,792.65. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at $2,222,802. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 621,886 shares of company stock worth $213,451,751 over the last ninety days. Corporate insiders own 20.70% of the company’s stock.

Tesla Stock Up 3.1 %

NASDAQ TSLA opened at $426.50 on Friday. The company has a market cap of $1.37 trillion, a price-to-earnings ratio of 116.85, a PEG ratio of 6.53 and a beta of 2.30. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $389.94 and a 200-day moving average of $288.09.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the prior year, the company posted $0.53 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Bank of America cut Tesla from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Finally, Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and lifted their price target for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Nine equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $299.33.

Tesla 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.