Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Lessened by Solutions 4 Wealth Ltd

Solutions 4 Wealth Ltd trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,779 shares of the electric vehicle producer’s stock after selling 326 shares during the quarter. Tesla makes up approximately 1.3% of Solutions 4 Wealth Ltd’s portfolio, making the stock its 21st largest position. Solutions 4 Wealth Ltd’s holdings in Tesla were worth $718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC purchased a new position in Tesla during the third quarter valued at approximately $29,000. Peterson Financial Group Inc. acquired a new position in shares of Tesla in the third quarter worth $35,000. Finley Financial LLC purchased a new stake in shares of Tesla during the fourth quarter worth $64,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Tesla by 692.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after purchasing an additional 187 shares during the last quarter. Finally, Crews Bank & Trust purchased a new position in Tesla in the fourth quarter valued at about $91,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $40,775,792.65. The trade was a 2.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the sale, the director now directly owns 1,463,220 shares in the company, valued at approximately $538,274,741.40. This represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 635,776 shares of company stock worth $231,335,112 over the last quarter. 20.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TSLA. Mizuho restated an “outperform” rating and set a $515.00 price target on shares of Tesla in a report on Thursday, January 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Monday. Canaccord Genuity Group boosted their price objective on shares of Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $365.00 target price on shares of Tesla in a research note on Wednesday, January 29th. Finally, Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Nine research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus price target of $321.71.

Tesla Trading Down 6.3 %

Shares of NASDAQ TSLA opened at $328.50 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.02 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 $488.54. The company’s fifty day moving average is $408.14 and its 200-day moving average is $305.46. The stock has a market cap of $1.06 trillion, a price-to-earnings ratio of 161.03, a P/E/G ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities research analysts predict that Tesla, Inc. will post 2.54 EPS for the current year.

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.