Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Tyler Stone Wealth Management

Tyler Stone Wealth Management cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,164 shares of the electric vehicle producer’s stock after selling 261 shares during the period. Tyler Stone Wealth Management’s holdings in Tesla were worth $3,701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Tesla in the 4th quarter valued at approximately $3,231,000. Graney & King LLC acquired a new stake in Tesla in the fourth quarter valued at $84,000. Core Wealth Partners LLC boosted its stake in Tesla by 15.8% during the 4th quarter. Core Wealth Partners LLC now owns 2,978 shares of the electric vehicle producer’s stock valued at $1,203,000 after acquiring an additional 406 shares during the last quarter. America First Investment Advisors LLC increased its position in shares of Tesla by 7.5% in the 4th quarter. America First Investment Advisors LLC now owns 886 shares of the electric vehicle producer’s stock worth $358,000 after purchasing an additional 62 shares during the last quarter. Finally, Motley Fool Wealth Management LLC raised its stake in shares of Tesla by 88.5% in the 4th quarter. Motley Fool Wealth Management LLC now owns 3,581 shares of the electric vehicle producer’s stock valued at $1,431,000 after purchasing an additional 1,681 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock opened at $287.95 on Wednesday. The stock has a market cap of $926.20 billion, a PE ratio of 141.15, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $330.52 and a 200-day simple moving average of $322.04.

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

Insider Activity at Tesla

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the transaction, the director now directly owns 477,011 shares in the company, valued at $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 477,228 shares of company stock valued at $166,849,043. Insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the subject of several research analyst reports. Piper Sandler lowered their price objective on Tesla from $500.00 to $450.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Royal Bank of Canada lowered their price target on Tesla from $440.00 to $320.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Monday, February 10th. TD Cowen upgraded shares of Tesla from a “hold” rating to a “buy” rating and boosted their target price for the company from $180.00 to $388.00 in a research note on Friday, March 7th. Finally, Stifel Nicolaus reduced their price target on shares of Tesla from $492.00 to $474.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Nine research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Tesla currently has an average rating of “Hold” and an average price target of $318.93.

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.