Regent Peak Wealth Advisors LLC Has $14.67 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Regent Peak Wealth Advisors LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,314 shares of the electric vehicle producer’s stock after selling 137 shares during the quarter. Tesla makes up 3.3% of Regent Peak Wealth Advisors LLC’s holdings, making the stock its 9th largest position. Regent Peak Wealth Advisors LLC’s holdings in Tesla were worth $14,665,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TSLA. Valley Wealth Managers Inc. bought a new stake in shares of Tesla during the 2nd quarter worth about $26,000. Abich Financial Wealth Management LLC boosted its holdings in shares of Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after acquiring an additional 81 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Tesla in the third quarter valued at approximately $29,000. Clean Yield Group boosted its stake in Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after purchasing an additional 48 shares during the period. Finally, Peterson Financial Group Inc. bought a new position in Tesla during the 3rd quarter worth $35,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, the director now owns 1,563,220 shares in the company, valued at $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,442,856.32. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 514,886 shares of company stock worth $169,393,831. Company insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Bank of America cut shares of Tesla from a “buy” rating to a “neutral” rating and boosted their target price for the company from $400.00 to $490.00 in a research report on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $400.00 target price on shares of Tesla in a report on Monday, November 18th. HSBC reissued a “reduce” rating and set a $124.00 price target on shares of Tesla in a research report on Friday, October 11th. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Mizuho upgraded Tesla from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $230.00 to $515.00 in a research report on Tuesday, December 17th. Nine equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $295.69.

Tesla Trading Down 3.9 %

NASDAQ TSLA traded down $16.10 during trading hours on Tuesday, hitting $394.95. 45,958,047 shares of the company’s stock were exchanged, compared to its average volume of 83,496,867. The firm has a market cap of $1.27 trillion, a price-to-earnings ratio of 108.21, a PEG ratio of 10.80 and a beta of 2.30. The stock has a 50-day simple moving average of $365.34 and a 200 day simple moving average of $276.00. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same quarter in the previous year, the business posted $0.53 EPS. Tesla’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Tesla Company 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.