McGlone Suttner Wealth Management Inc. Has $1.35 Million Position in Tesla, Inc. (NASDAQ:TSLA)

McGlone Suttner Wealth Management Inc. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,450 shares of the electric vehicle producer’s stock after buying an additional 206 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Tesla were worth $1,354,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TSLA. Axiom Financial Strategies LLC increased its stake in Tesla by 9.8% in the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock valued at $777,000 after purchasing an additional 81 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Tesla by 19.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after acquiring an additional 164,789 shares in the last quarter. MAS Advisors LLC increased its position in shares of Tesla by 25.7% during the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock worth $433,000 after acquiring an additional 81 shares in the last quarter. Ergoteles LLC increased its position in shares of Tesla by 33.4% during the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock worth $3,844,000 after acquiring an additional 893 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Tesla by 6.8% during the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock worth $77,767,000 after acquiring an additional 4,593 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Down 2.2 %

Shares of NASDAQ TSLA traded down $4.04 during midday trading on Thursday, reaching $175.79. The stock had a trading volume of 77,386,336 shares, compared to its average volume of 102,682,047. The firm has a market cap of $559.85 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 4.01 and a beta of 2.41. Tesla, Inc. has a twelve month low of $152.37 and a twelve month high of $299.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The company’s 50 day moving average price is $187.78 and its 200 day moving average price is $222.06.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS. As a group, sell-side analysts expect that Tesla, Inc. will post 2.44 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company cut shares of Tesla from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $200.00 to $125.00 in a report on Wednesday, March 13th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Tesla from $218.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday. TD Cowen cut their price target on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Piper Sandler cut their price target on shares of Tesla from $295.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, February 5th. Finally, Jefferies Financial Group cut their price target on shares of Tesla from $225.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, January 29th. Ten investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $204.63.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last 90 days, insiders sold 198,598 shares of company stock worth $36,952,434. 20.90% of the stock is owned by corporate insiders.

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.