Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 3.9% in the fourth quarter, Holdings Channel reports. The firm owned 5,450 shares of the electric vehicle producer’s stock after acquiring 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 filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TSLA. MidWestOne Financial Group Inc. boosted its stake in Tesla by 3.3% in the first quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock valued at $509,000 after acquiring an additional 15 shares during the period. City State Bank boosted its stake in Tesla by 3.3% in the third quarter. City State Bank now owns 1,260 shares of the electric vehicle producer’s stock valued at $315,000 after acquiring an additional 40 shares during the period. Marcum Wealth LLC boosted its position in shares of Tesla by 0.6% during the third quarter. Marcum Wealth LLC now owns 7,393 shares of the electric vehicle producer’s stock worth $1,850,000 after buying an additional 41 shares during the period. Linscomb & Williams Inc. boosted its position in shares of Tesla by 3.5% during the first quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock worth $1,329,000 after buying an additional 42 shares during the period. Finally, Investors Research Corp boosted its position in shares of Tesla by 5.5% during the second quarter. Investors Research Corp now owns 801 shares of the electric vehicle producer’s stock worth $210,000 after buying an additional 42 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TSLA. Wells Fargo & Company downgraded Tesla from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $200.00 to $125.00 in a research report on Wednesday, March 13th. Truist Financial dropped their target price on Tesla from $227.00 to $193.00 and set a “hold” rating on the stock in a report on Thursday, January 25th. Mizuho reissued a “neutral” rating and set a $195.00 target price (down previously from $270.00) on shares of Tesla in a report on Monday. China Renaissance began coverage on Tesla in a report on Monday, February 26th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $298.00 target price on shares of Tesla in a report on Wednesday. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $204.63.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the 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 transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the 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 transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,631,600. The disclosure for this sale can be found here. Insiders have sold 198,598 shares of company stock valued at $36,952,434 over the last three months. 20.90% of the stock is currently owned by insiders.

Tesla Stock Down 2.2 %

Shares of Tesla stock traded down $4.04 on Thursday, hitting $175.79. 77,386,336 shares of the company traded hands, compared to its average volume of 102,682,047. The company has a 50-day moving average price of $187.78 and a 200 day moving average price of $222.06. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 12-month low of $152.37 and a 12-month high of $299.29. The company has a market cap of $559.85 billion, a PE ratio of 40.79, a PEG ratio of 4.01 and a beta of 2.41.

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