Buck Wealth Strategies LLC Sells 62 Shares of Tesla, Inc. (NASDAQ:TSLA)

Buck Wealth Strategies LLC decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 2.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,370 shares of the electric vehicle producer’s stock after selling 62 shares during the period. Buck Wealth Strategies LLC’s holdings in Tesla were worth $589,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Regent Peak Wealth Advisors LLC grew its stake in shares of Tesla by 4.6% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 26,125 shares of the electric vehicle producer’s stock valued at $6,492,000 after buying an additional 1,154 shares in the last quarter. Patten & Patten Inc. TN grew its stake in Tesla by 1.1% during the fourth quarter. Patten & Patten Inc. TN now owns 4,601 shares of the electric vehicle producer’s stock worth $1,143,000 after purchasing an additional 48 shares during the period. Dupont Capital Management Corp acquired a new stake in Tesla in the fourth quarter valued at approximately $7,052,000. Welch Group LLC lifted its holdings in shares of Tesla by 5.9% in the fourth quarter. Welch Group LLC now owns 1,508 shares of the electric vehicle producer’s stock valued at $375,000 after purchasing an additional 84 shares in the last quarter. Finally, My Personal CFO LLC lifted its holdings in Tesla by 22.2% during the fourth quarter. My Personal CFO LLC now owns 1,321 shares of the electric vehicle producer’s stock worth $328,000 after acquiring an additional 240 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSLA has been the topic of several research reports. The Goldman Sachs Group decreased their price target on shares of Tesla from $220.00 to $190.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Robert W. Baird reduced their price objective on Tesla from $300.00 to $280.00 and set an “outperform” rating for the company in a research note on Tuesday. Truist Financial lowered their price target on Tesla from $227.00 to $193.00 and set a “hold” rating on the stock in a research note on Thursday, January 25th. Guggenheim lifted their price target on Tesla from $125.00 to $132.00 and gave the stock a “sell” rating in a research note on Friday, December 15th. Finally, China Renaissance assumed coverage on Tesla in a research note on Monday, February 26th. They set a “hold” rating on the stock. Ten equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and a consensus target price of $203.89.

Read Our Latest Research Report on Tesla

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,631,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders sold 198,598 shares of company stock worth $36,952,434 over the last ninety days. Company insiders own 20.90% of the company’s stock.

Tesla Stock Down 4.9 %

Tesla stock traded down $8.59 during midday trading on Tuesday, hitting $166.63. The stock had a trading volume of 116,441,580 shares, compared to its average volume of 102,568,922. The stock has a market cap of $530.68 billion, a P/E ratio of 38.66, a P/E/G ratio of 3.97 and a beta of 2.40. The business has a fifty day moving average price of $185.65 and a 200 day moving average price of $219.67. Tesla, Inc. has a 12 month low of $152.37 and a 12 month high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

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

Tesla 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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