Perfromance Wealth Partners LLC Sells 1,075 Shares of Tesla, Inc. (NASDAQ:TSLA)

Perfromance Wealth Partners LLC lessened its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 6.3% during the fourth quarter, Holdings Channel reports. The fund owned 16,101 shares of the electric vehicle producer’s stock after selling 1,075 shares during the period. Perfromance Wealth Partners LLC’s holdings in Tesla were worth $4,001,000 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. Synergy Financial Group LTD grew its stake in shares of Tesla by 7.3% during the second quarter. Synergy Financial Group LTD now owns 6,432 shares of the electric vehicle producer’s stock valued at $1,684,000 after buying an additional 438 shares during the last quarter. New Republic Capital LLC bought a new position in shares of Tesla during the second quarter valued at about $429,000. Oak Ridge Investments LLC grew its stake in shares of Tesla by 4.6% during the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after buying an additional 1,405 shares during the last quarter. Charter Oak Capital Management LLC grew its stake in shares of Tesla by 8.9% during the third quarter. Charter Oak Capital Management LLC now owns 1,271 shares of the electric vehicle producer’s stock valued at $318,000 after buying an additional 104 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Tesla by 14.4% during the third quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer’s stock worth $36,717,000 after purchasing an additional 18,462 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

TSLA stock opened at $175.22 on Tuesday. The firm has a 50 day moving average price of $186.33 and a 200-day moving average price of $220.38. Tesla, Inc. has a 52-week low of $152.37 and a 52-week high of $299.29. The firm has a market capitalization of $558.04 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 3.97 and a beta of 2.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. Tesla’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $1.07 EPS. Equities research analysts forecast that Tesla, Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders sold 198,598 shares of company stock valued at $36,952,434 over the last 90 days. Corporate insiders own 20.90% of the company’s stock.

Analyst Ratings Changes

TSLA has been the subject of a number of analyst reports. KGI Securities reiterated a “neutral” rating and set a $213.00 target price (down from $309.00) on shares of Tesla in a report on Thursday, January 25th. Guggenheim increased their target price on shares of Tesla from $125.00 to $132.00 and gave the stock a “sell” rating in a report on Friday, December 15th. The Goldman Sachs Group dropped their target price on shares of Tesla from $220.00 to $190.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Edward Jones lowered shares of Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, Sanford C. Bernstein lowered their price objective on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, March 26th. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $204.63.

Check Out Our Latest Analysis on TSLA

Tesla Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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