Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Silvia Mccoll Wealth Management LLC

Silvia Mccoll Wealth Management LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,793 shares of the electric vehicle producer’s stock after selling 30 shares during the quarter. Tesla comprises about 1.5% of Silvia Mccoll Wealth Management LLC’s portfolio, making the stock its 16th largest position. Silvia Mccoll Wealth Management LLC’s holdings in Tesla were worth $1,936,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT lifted its position in Tesla by 36.4% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 2,797 shares of the electric vehicle producer’s stock valued at $554,000 after purchasing an additional 747 shares during the period. Seven Eight Capital LP acquired a new stake in Tesla during the second quarter worth about $1,680,000. Sienna Gestion raised its position in Tesla by 0.6% during the second quarter. Sienna Gestion now owns 68,542 shares of the electric vehicle producer’s stock valued at $13,557,000 after acquiring an additional 405 shares in the last quarter. Paces Ferry Wealth Advisors LLC lifted its holdings in Tesla by 8.4% in the second quarter. Paces Ferry Wealth Advisors LLC now owns 4,370 shares of the electric vehicle producer’s stock valued at $865,000 after acquiring an additional 340 shares during the period. Finally, Intrepid Financial Planning Group LLC purchased a new stake in Tesla in the 2nd quarter worth approximately $223,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $374.21, for a total transaction of $975,191.26. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at $40,775,792.65. This trade represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value 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. This represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 621,886 shares of company stock worth $213,451,751. Company insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TSLA shares. Cantor Fitzgerald boosted their target price on shares of Tesla from $255.00 to $365.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley increased their target price on shares of Tesla from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Monday. Royal Bank of Canada raised their target price on Tesla from $249.00 to $313.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. UBS Group upped their price target on Tesla from $197.00 to $226.00 and gave the stock a “sell” rating in a report on Monday, November 25th. Finally, Barclays raised their price objective on Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $299.33.

Tesla Stock Performance

Tesla stock opened at $413.82 on Friday. The stock has a market cap of $1.33 trillion, a price-to-earnings ratio of 113.38, a price-to-earnings-growth ratio of 6.53 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The firm has a 50 day simple moving average of $385.50 and a 200-day simple moving average of $285.69. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54.

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