Tesla, Inc. (NASDAQ:TSLA) Shares Sold by LWM Advisory Services LLC

LWM Advisory Services LLC reduced its stake in Tesla, Inc. (NASDAQ:TSLA) by 40.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,048 shares of the electric vehicle producer’s stock after selling 701 shares during the period. LWM Advisory Services LLC’s holdings in Tesla were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. FPC Investment Advisory Inc. raised its holdings in Tesla by 10.9% during the fourth quarter. FPC Investment Advisory Inc. now owns 864 shares of the electric vehicle producer’s stock worth $350,000 after purchasing an additional 85 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Tesla by 2.8% in the 4th quarter. First Horizon Advisors Inc. now owns 12,685 shares of the electric vehicle producer’s stock worth $5,123,000 after buying an additional 345 shares in the last quarter. Pinnacle Financial Partners Inc lifted its holdings in shares of Tesla by 1.5% in the fourth quarter. Pinnacle Financial Partners Inc now owns 4,360 shares of the electric vehicle producer’s stock valued at $1,611,000 after buying an additional 63 shares during the period. Sigma Planning Corp boosted its stake in Tesla by 8.9% during the fourth quarter. Sigma Planning Corp now owns 44,354 shares of the electric vehicle producer’s stock valued at $17,912,000 after buying an additional 3,622 shares in the last quarter. Finally, Callan Capital LLC grew its holdings in Tesla by 2.6% during the fourth quarter. Callan Capital LLC now owns 19,056 shares of the electric vehicle producer’s stock worth $7,696,000 after acquiring an additional 479 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TSLA. Phillip Securities downgraded shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Piper Sandler increased their target price on shares of Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Wedbush set a $328.50 price target on shares of Tesla in a research report on Wednesday, February 12th. Mizuho reiterated an “outperform” rating and set a $515.00 price objective on shares of Tesla in a research report on Thursday, January 30th. Finally, Glj Research reissued a “sell” rating and set a $24.86 price objective on shares of Tesla in a research note on Wednesday, February 12th. Ten investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $319.57.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $37,226,491.76. This trade represents a 6.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total transaction of $39,792,803.40. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $30,095,100. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 523,386 shares of company stock valued at $195,995,200. Corporate insiders own 20.70% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $302.80 on Wednesday. The firm has a market cap of $973.96 billion, a price-to-earnings ratio of 148.43, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The company’s fifty day moving average is $393.98 and its 200-day moving average is $315.69. 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 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last posted 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 net margin of 7.26% and a return on equity of 10.31%. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.