Outlook Wealth Advisors LLC Grows Stake in Tesla, Inc. (NASDAQ:TSLA)

Outlook Wealth Advisors LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 21.1% during the first quarter, Holdings Channel reports. The firm owned 1,356 shares of the electric vehicle producer’s stock after acquiring an additional 236 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Tesla were worth $238,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wyrmwood Management LLC bought a new stake in Tesla in the 4th quarter valued at $25,000. Lam Group Inc. bought a new position in shares of Tesla during the 4th quarter valued at about $25,000. Mendota Financial Group LLC grew its position in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares in the last quarter. Ogorek Anthony Joseph NY ADV lifted its position in shares of Tesla by 94.5% in the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock worth $35,000 after buying an additional 69 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new position in Tesla during the 4th quarter valued at approximately $37,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the business’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 completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated 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 directly owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred 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 in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TSLA. Morgan Stanley lowered their target price on Tesla from $320.00 to $310.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. KGI Securities reissued a “neutral” rating and issued a $213.00 price objective (down from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Wells Fargo & Company decreased their target price on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research report on Friday, April 12th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Wednesday. Finally, Barclays decreased their price objective on Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Eight research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Tesla presently has an average rating of “Hold” and an average target price of $186.70.

Tesla Stock Down 1.1 %

Shares of TSLA stock traded down $1.89 during mid-day trading on Friday, hitting $168.29. The stock had a trading volume of 109,309,500 shares, compared to its average volume of 100,050,800. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.25. The firm’s 50-day moving average is $175.04 and its two-hundred day moving average is $208.00. The firm has a market capitalization of $536.71 billion, a P/E ratio of 42.93, a price-to-earnings-growth ratio of 4.50 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results 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 business had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. Tesla’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 EPS. On average, analysts predict that Tesla, Inc. will post 1.97 earnings per share 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.