Lbmc Investment Advisors LLC Has $738,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Lbmc Investment Advisors LLC cut its holdings in Tesla, Inc. (NASDAQ:TSLA) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,827 shares of the electric vehicle producer’s stock after selling 162 shares during the quarter. Lbmc Investment Advisors LLC’s holdings in Tesla were worth $738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. McElhenny Sheffield Capital Management LLC increased its stake in shares of Tesla by 54.9% in the fourth quarter. McElhenny Sheffield Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock valued at $669,000 after buying an additional 587 shares in the last quarter. Mission Hills Financial Advisory LLC bought a new position in Tesla in the fourth quarter valued at about $245,000. Oak Ridge Investments LLC boosted its holdings in Tesla by 6.0% in the fourth quarter. Oak Ridge Investments LLC now owns 40,815 shares of the electric vehicle producer’s stock valued at $16,483,000 after acquiring an additional 2,312 shares during the last quarter. GenWealth Group Inc. bought a new position in Tesla in the fourth quarter valued at about $213,000. Finally, Aaron Wealth Advisors LLC boosted its holdings in Tesla by 25.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 13,410 shares of the electric vehicle producer’s stock valued at $5,415,000 after acquiring an additional 2,680 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $400.00 price target on shares of Tesla in a report on Monday, November 18th. Piper Sandler raised their price target on Tesla from $310.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, October 25th. StockNews.com upgraded Tesla from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, October 24th. Nine investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $299.33.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 621,886 shares of company stock valued at $213,451,751. 20.70% of the stock is owned by insiders.

Tesla Stock Up 3.1 %

NASDAQ:TSLA opened at $426.50 on Tuesday. The firm has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 116.85, a price-to-earnings-growth ratio of 6.53 and a beta of 2.30. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The stock’s 50 day moving average price is $389.94 and its two-hundred day moving average price is $288.78. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08.

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