Buck Wealth Strategies LLC Has $589,000 Stake in Tesla, Inc. (NASDAQ:TSLA)

Buck Wealth Strategies LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,370 shares of the electric vehicle producer’s stock after selling 62 shares during the period. Buck Wealth Strategies LLC’s holdings in Tesla were worth $589,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new position in Tesla in the third quarter worth $25,000. Wyrmwood Management LLC bought a new position in Tesla in the fourth quarter worth about $25,000. Halpern Financial Inc. increased its stake in shares of Tesla by 1,111.1% during the third quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Alpha Paradigm Partners LLC purchased a new stake in shares of Tesla during the third quarter valued at approximately $27,000. Finally, MayTech Global Investments LLC purchased a new position in shares of Tesla during the 4th quarter worth $30,000. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA traded down $8.59 on Tuesday, reaching $166.63. The stock had a trading volume of 116,441,580 shares, compared to its average volume of 102,568,922. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla, Inc. has a 1-year low of $152.37 and a 1-year high of $299.29. The company has a market cap of $530.68 billion, a P/E ratio of 38.66, a price-to-earnings-growth ratio of 3.97 and a beta of 2.40. The firm has a fifty day moving average of $185.65 and a two-hundred day moving average of $219.67.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. Tesla’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. On average, equities research analysts anticipate that Tesla, Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold a total of 198,598 shares of company stock valued at $36,952,434 in the last 90 days. Corporate insiders own 20.90% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Tuesday. The Goldman Sachs Group reduced their price objective on shares of Tesla from $220.00 to $190.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Redburn Atlantic started coverage on shares of Tesla in a report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 price objective on the stock. Piper Sandler decreased their price objective on shares of Tesla from $295.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, February 5th. Finally, Barclays cut their price objective on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating for the company in a research report on Thursday, January 25th. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and an average target price of $203.89.

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Tesla Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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