Stockman Wealth Management Inc. Has $553,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

Stockman Wealth Management Inc. lessened its stake in Tesla, Inc. (NASDAQ:TSLA) by 41.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,225 shares of the electric vehicle producer’s stock after selling 1,543 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Tesla were worth $553,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Wyrmwood Management LLC acquired a new stake in shares of Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. acquired a new stake in shares of Tesla during the 4th quarter worth approximately $25,000. Mendota Financial Group LLC grew its position in shares of Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after buying an additional 91 shares during the period. Ogorek Anthony Joseph NY ADV grew its position in shares of Tesla by 94.5% during the 3rd 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 during the period. Finally, Kathleen S. Wright Associates Inc. grew its position in shares of Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were 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 sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s 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 completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,098 shares of company stock worth $38,802,534. Insiders own 25.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of Tesla from a “buy” rating to a “hold” rating and lowered their price target for the stock from $189.00 to $123.00 in a research report on Thursday. Truist Financial decreased their price objective on shares of Tesla from $193.00 to $176.00 and set a “hold” rating for the company in a report on Wednesday, April 3rd. Barclays decreased their price objective on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Edward Jones cut shares of Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, UBS Group decreased their price objective on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $194.70.

Tesla Stock Down 3.4 %

Shares of TSLA stock traded down $5.00 during trading on Monday, reaching $142.05. The company’s stock had a trading volume of 106,716,266 shares, compared to its average volume of 101,720,281. The business has a fifty day moving average price of $177.59 and a 200-day moving average price of $210.05. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The company has a market cap of $452.40 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 3.89 and a beta of 2.39. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. Tesla’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Analysts anticipate that Tesla, Inc. will post 1.97 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.