Tesla, Inc. (NASDAQ:TSLA) Holdings Trimmed by Amplius Wealth Advisors LLC

Amplius Wealth Advisors LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 19.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,184 shares of the electric vehicle producer’s stock after selling 286 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Tesla were worth $478,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Abich Financial Wealth Management LLC boosted its position in shares of Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after purchasing an additional 81 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Tesla in the 3rd quarter valued at $29,000. Clean Yield Group boosted its position in shares of Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after purchasing an additional 48 shares during the period. Peterson Financial Group Inc. acquired a new position in shares of Tesla in the 3rd quarter valued at $35,000. Finally, M&R Capital Management Inc. boosted its position in shares of Tesla by 263.2% in the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the sale, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This trade represents a 3.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $374.21, for a total value of $975,191.26. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at $40,775,792.65. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 617,886 shares of company stock valued at $212,451,751. 20.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Piper Sandler increased their price target on Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a research report on Tuesday. Glj Research reissued a “sell” rating and issued a $24.86 price objective on shares of Tesla in a research note on Friday, January 3rd. Cantor Fitzgerald increased their price objective on Tesla from $255.00 to $365.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Wells Fargo & Company increased their price objective on Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Finally, Wedbush increased their price objective on Tesla from $515.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $309.48.

Tesla Stock Performance

TSLA opened at $415.11 on Thursday. The firm has a market capitalization of $1.33 trillion, a P/E ratio of 113.73, a price-to-earnings-growth ratio of 8.60 and a beta of 2.30. The stock’s 50 day moving average price is $393.38 and its two-hundred day moving average price is $291.27. 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, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same quarter last year, the firm posted $0.53 EPS. The company’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts forecast that Tesla, Inc. will post 2.01 earnings per share for the current 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.