Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Solutions 4 Wealth Ltd

Solutions 4 Wealth Ltd lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,779 shares of the electric vehicle producer’s stock after selling 326 shares during the period. Tesla accounts for 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 quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new stake in shares of Tesla during the third quarter worth about $29,000. Peterson Financial Group Inc. purchased a new position in shares of Tesla in the 3rd quarter valued at approximately $35,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Tesla by 692.6% in 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 period. Finley Financial LLC purchased a new stake in shares of Tesla during the fourth quarter worth approximately $64,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Tesla by 136.4% during the third quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock worth $80,000 after purchasing an additional 176 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kimbal Musk sold 75,000 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the transaction, the director now directly owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. This trade represents a 4.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 635,776 shares of company stock valued at $231,335,112 in the last ninety days. Company insiders own 20.70% of the company’s stock.

Tesla Trading Down 6.3 %

Tesla stock opened at $328.50 on Wednesday. The company has a market cap of $1.06 trillion, a P/E ratio of 161.03, a PEG ratio of 6.22 and a beta of 2.34. The firm’s 50-day moving average is $408.14 and its 200-day moving average is $305.46. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSLA. Royal Bank of Canada restated an “outperform” rating and issued a $440.00 target price on shares of Tesla in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Stifel Nicolaus decreased their price target on Tesla from $492.00 to $474.00 and set a “buy” rating on the stock in a research note on Monday. Evercore ISI upped their target price on shares of Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research report on Friday, January 3rd. Finally, Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $380.00 in a report on Monday, December 2nd. Nine investment analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $321.71.

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.