Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,604 shares of the electric vehicle producer’s stock after selling 211 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Tesla were worth $647,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mount Vernon Associates Inc. MD grew its stake in Tesla by 5.3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock valued at $1,724,000 after purchasing an additional 350 shares during the last quarter. Oak Ridge Investments LLC grew its stake in Tesla by 4.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after purchasing an additional 1,405 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Tesla by 3.7% in the third quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock worth $182,352,000 after buying an additional 25,943 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Tesla by 11.8% in the fourth quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock worth $193,935,000 after buying an additional 81,729 shares during the last quarter. Finally, First National Corp MA ADV boosted its stake in shares of Tesla by 30.0% in the fourth quarter. First National Corp MA ADV now owns 1,401 shares of the electric vehicle producer’s stock worth $348,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on TSLA shares. Mizuho restated a “neutral” rating and issued a $195.00 target price (down previously from $270.00) on shares of Tesla in a research note on Monday, March 25th. Daiwa Capital Markets downgraded Tesla from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $245.00 to $195.00 in a research note on Tuesday, February 6th. Edward Jones downgraded Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Piper Sandler lowered their target price on Tesla from $225.00 to $205.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company lowered their price target on Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research report on Friday, April 12th. Ten research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and an average price target of $194.70.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock worth $38,802,534 over the last ninety days. Company insiders own 25.10% of the company’s stock.

Tesla Price Performance

TSLA stock opened at $147.05 on Friday. The business has a fifty day moving average of $178.51 and a two-hundred day moving average of $211.48. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The stock has a market cap of $468.32 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 3.96 and a beta of 2.39. Tesla, Inc. has a 52-week low of $146.22 and a 52-week high of $299.29.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. Tesla’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $1.07 EPS. As a group, research analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current year.

Tesla 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.