CJM Wealth Advisers Ltd. Sells 563 Shares of Tesla, Inc. (NASDAQ:TSLA)

CJM Wealth Advisers Ltd. decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 28.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,433 shares of the electric vehicle producer’s stock after selling 563 shares during the period. CJM Wealth Advisers Ltd.’s holdings in Tesla were worth $252,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wyrmwood Management LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. acquired a new position in shares of Tesla in the 4th quarter valued at approximately $25,000. Mendota Financial Group LLC boosted its position in shares of Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in Tesla in the fourth quarter valued at approximately $37,000. Finally, Kathleen S. Wright Associates Inc. raised its position in Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $5,502,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,855 shares of company stock valued at $19,285,643. 25.10% of the stock is owned by company insiders.

Tesla Stock Down 0.4 %

Shares of NASDAQ TSLA opened at $184.10 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $587.13 billion, a PE ratio of 47.16, a P/E/G ratio of 4.58 and a beta of 2.32. The company’s fifty day simple moving average is $173.61 and its 200 day simple moving average is $194.17. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. As a group, sell-side analysts forecast that Tesla, Inc. will post 1.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Mizuho dropped their price objective on Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Bank of America raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a report on Wednesday, April 24th. Morgan Stanley restated an “overweight” rating and issued a $310.00 target price on shares of Tesla in a research report on Wednesday, June 12th. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price target on shares of Tesla in a report on Wednesday, June 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $175.00 price objective on shares of Tesla in a research report on Friday, June 14th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Tesla has an average rating of “Hold” and a consensus price target of $185.90.

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Tesla Profile

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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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