WMG Financial Advisors LLC Purchases 607 Shares of Tesla, Inc. (NASDAQ:TSLA)

WMG Financial Advisors LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 59.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,621 shares of the electric vehicle producer’s stock after purchasing an additional 607 shares during the quarter. WMG Financial Advisors LLC’s holdings in Tesla were worth $403,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Holderness Investments Co. boosted its position in shares of Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after acquiring an additional 42 shares during the period. SCS Capital Management LLC boosted its holdings in Tesla by 0.3% in the 3rd quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock valued at $4,224,000 after purchasing an additional 45 shares during the period. Daymark Wealth Partners LLC grew its position in shares of Tesla by 0.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after purchasing an additional 45 shares in the last quarter. ML & R Wealth Management LLC raised its position in shares of Tesla by 2.6% in the third quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock worth $455,000 after buying an additional 46 shares in the last quarter. Finally, LCM Capital Management Inc boosted its stake in Tesla by 3.5% during the third quarter. LCM Capital Management Inc now owns 1,374 shares of the electric vehicle producer’s stock valued at $344,000 after buying an additional 46 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 1.5 %

NASDAQ TSLA traded up $2.62 during trading on Friday, hitting $177.46. The company had a trading volume of 76,624,430 shares, compared to its average volume of 101,576,266. The company’s fifty day moving average is $170.77 and its 200-day moving average is $202.59. The company has a market cap of $565.96 billion, a price-to-earnings ratio of 45.23, a price-to-earnings-growth ratio of 4.80 and a beta of 2.41. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The business had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. On average, sell-side analysts predict that Tesla, Inc. will post 1.89 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Guggenheim reaffirmed a “sell” rating and issued a $122.00 price target on shares of Tesla in a report on Tuesday, April 23rd. 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. Citigroup raised their price objective on shares of Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Piper Sandler reiterated an “overweight” rating and issued a $205.00 target price on shares of Tesla in a research report on Monday, April 22nd. Finally, Jefferies Financial Group lowered their price target on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $185.90.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following 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 Securities & Exchange Commission, which is accessible through this link. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold 302,803 shares of company stock worth $56,124,840 over the last ninety days. 25.10% of the stock is owned by corporate insiders.

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.