Tesla, Inc. (NASDAQ:TSLA) Shares Sold by West Wealth Group LLC

West Wealth Group LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,437 shares of the electric vehicle producer’s stock after selling 155 shares during the period. Tesla accounts for about 0.8% of West Wealth Group LLC’s portfolio, making the stock its 23rd biggest position. West Wealth Group LLC’s holdings in Tesla were worth $2,600,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Quarry LP bought a new stake in shares of Tesla in the 2nd quarter worth $48,000. Cim LLC acquired a new position in Tesla during the second quarter worth about $292,000. Heritage Wealth Management Inc. bought a new stake in Tesla in the second quarter worth about $269,000. Centaurus Financial Inc. boosted its position in shares of Tesla by 41.0% during the 2nd quarter. Centaurus Financial Inc. now owns 23,470 shares of the electric vehicle producer’s stock valued at $4,644,000 after purchasing an additional 6,823 shares in the last quarter. Finally, Ashburton Jersey Ltd acquired a new position in shares of Tesla in the 2nd quarter worth approximately $63,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $36,761,200. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 553,386 shares of company stock worth $196,305,796 over the last ninety days. Company insiders own 20.70% of the company’s stock.

Tesla Stock Up 2.9 %

TSLA opened at $400.28 on Friday. The firm has a market cap of $1.28 trillion, a P/E ratio of 109.67, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The business has a 50 day moving average price of $401.98 and a 200 day moving average price of $297.28. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.24% and a net margin of 13.07%. Research analysts forecast that Tesla, Inc. will post 2.01 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on TSLA shares. Robert W. Baird reduced their target price on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday. Cantor Fitzgerald restated a “neutral” rating and issued a $365.00 target price on shares of Tesla in a report on Wednesday. StockNews.com raised Tesla from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Glj Research reissued a “sell” rating and issued a $24.86 price target on shares of Tesla in a research note on Friday, January 3rd. Finally, KGI Securities raised shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price objective for the company in a research note on Thursday, October 24th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $318.31.

About Tesla

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.