Outlook Wealth Advisors LLC Acquires 236 Shares of Tesla, Inc. (NASDAQ:TSLA)

Outlook Wealth Advisors LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 21.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,356 shares of the electric vehicle producer’s stock after purchasing an additional 236 shares during the period. Outlook Wealth Advisors LLC’s holdings in Tesla were worth $238,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TSLA. Mount Vernon Associates Inc. MD boosted its holdings in shares of Tesla by 5.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after purchasing an additional 350 shares during the period. Oak Ridge Investments LLC lifted its stake in Tesla by 4.6% in the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock worth $8,065,000 after acquiring an additional 1,405 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Tesla by 3.7% during the third quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock valued at $182,352,000 after purchasing an additional 25,943 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in Tesla by 16.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock valued at $11,533,000 after acquiring an additional 6,615 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Tesla by 11.8% in the fourth quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock valued at $193,935,000 after purchasing an additional 81,729 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Transactions at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction dated 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 in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,098 shares of company stock valued at $38,802,534. Corporate insiders own 25.10% of the company’s stock.

Tesla Stock Performance

TSLA stock traded down $1.89 on Friday, reaching $168.29. 109,309,500 shares of the company were exchanged, compared to its average volume of 100,050,800. The stock’s fifty day moving average price is $175.04 and its 200 day moving average price is $208.00. The firm has a market capitalization of $536.71 billion, a PE ratio of 42.93, a PEG ratio of 4.50 and a beta of 2.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.25. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29.

Tesla (NASDAQ:TSLA) last issued its 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 return on equity of 13.18% and a net margin of 14.37%. The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same period last year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TSLA shares. China Renaissance began coverage on Tesla in a report on Monday, February 26th. They set a “hold” rating for the company. Bank of America raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a report on Wednesday. Edward Jones cut Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Morgan Stanley reduced their price objective on shares of Tesla from $320.00 to $310.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Finally, Royal Bank of Canada decreased their target price on Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a research report on Wednesday. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $186.70.

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.