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

West Wealth Group LLC cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,437 shares of the electric vehicle producer’s stock after selling 155 shares during the period. Tesla makes up about 0.8% of West Wealth Group LLC’s portfolio, making the stock its 23rd largest holding. West Wealth Group LLC’s holdings in Tesla were worth $2,600,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Transcendent Capital Group LLC acquired a new stake in shares of Tesla in the third quarter worth approximately $29,000. Clean Yield Group increased its position in Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after purchasing an additional 48 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in Tesla in the third quarter valued at approximately $35,000. M&R Capital Management Inc. lifted its position in Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after buying an additional 100 shares during the last quarter. Finally, Quarry LP purchased a new stake in Tesla in the second quarter valued at approximately $48,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 2.9 %

TSLA opened at $400.28 on Friday. The stock has a market capitalization of $1.28 trillion, a PE ratio of 109.67, a P/E/G ratio of 8.42 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. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The firm’s fifty day moving average price is $401.98 and its 200 day moving average price is $297.28.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.24% and a net margin of 13.07%. As a group, research analysts expect that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

Analyst Ratings Changes

TSLA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective 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 increased their price objective on Tesla from $411.00 to $492.00 and gave the company a “buy” rating in a report on Monday, January 6th. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $85.00 to $380.00 in a research note on Monday, December 2nd. The Goldman Sachs Group boosted their price objective on shares of Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Finally, Canaccord Genuity Group boosted their price target on shares of Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Eight analysts have rated the stock with a sell rating, fourteen have given 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $318.31.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the 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 sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $36,761,200. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 553,386 shares of company stock valued at $196,305,796. Corporate insiders own 20.70% of the company’s stock.

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.