Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Leonard Rickey Investment Advisors P.L.L.C.

Leonard Rickey Investment Advisors P.L.L.C. lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 4.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,093 shares of the electric vehicle producer’s stock after selling 101 shares during the period. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Tesla were worth $520,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Trust Point Inc. purchased a new position in Tesla during the 4th quarter worth approximately $2,817,000. LVZ Inc. grew its position in shares of Tesla by 8.4% during the fourth quarter. LVZ Inc. now owns 1,905 shares of the electric vehicle producer’s stock worth $473,000 after acquiring an additional 148 shares during the last quarter. Levy Wealth Management Group LLC increased its holdings in shares of Tesla by 7.5% in the 4th quarter. Levy Wealth Management Group LLC now owns 6,087 shares of the electric vehicle producer’s stock valued at $1,512,000 after acquiring an additional 423 shares during the period. Bridges Investment Management Inc. raised its holdings in shares of Tesla by 3.2% in the fourth quarter. Bridges Investment Management Inc. now owns 10,835 shares of the electric vehicle producer’s stock valued at $2,692,000 after buying an additional 337 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Tesla by 49.0% during the fourth quarter. Venturi Wealth Management LLC now owns 8,665 shares of the electric vehicle producer’s stock worth $2,153,000 after buying an additional 2,851 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 0.8 %

Shares of TSLA stock traded up $1.40 during mid-day trading on Wednesday, hitting $168.03. The stock had a trading volume of 52,117,842 shares, compared to its average volume of 101,738,211. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The firm has a market capitalization of $535.14 billion, a P/E ratio of 38.95, a price-to-earnings-growth ratio of 4.06 and a beta of 2.39. The firm’s 50-day moving average is $184.80 and its two-hundred day moving average is $218.91. Tesla, Inc. has a 12-month low of $152.37 and a 12-month high of $299.29.

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 analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same period in the previous year, the company posted $1.07 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that Tesla, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,706 shares of Tesla 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 sale, the director now owns 15,000 shares in the company, valued at $2,920,950. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred 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 approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders sold a total of 198,598 shares of company stock valued at $36,952,434 in the last quarter. 25.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Tuesday. Jefferies Financial Group cut their price target on Tesla from $225.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, January 29th. Barclays lowered their price objective on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 25th. Royal Bank of Canada restated an “outperform” rating and set a $298.00 price objective on shares of Tesla in a research report on Wednesday, March 27th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $320.00 price target on shares of Tesla in a research note on Wednesday, March 27th. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $202.00.

View Our Latest Stock Analysis on TSLA

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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