Hohimer Wealth Management LLC Has $2.23 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Hohimer Wealth Management LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,986 shares of the electric vehicle producer’s stock after buying an additional 192 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Tesla were worth $2,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Apexium Financial LP boosted its holdings in shares of Tesla by 736.8% during the fourth quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock worth $6,201,000 after acquiring an additional 21,972 shares during the period. Mount Vernon Associates Inc. MD boosted its holdings in shares of Tesla by 5.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after acquiring an additional 350 shares during the period. Forum Financial Management LP boosted its holdings in shares of Tesla by 19.7% during the fourth quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock worth $5,410,000 after acquiring an additional 3,582 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of Tesla by 16.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock worth $11,533,000 after acquiring an additional 6,615 shares during the period. Finally, Catalyst Financial Partners LLC boosted its holdings in shares of Tesla by 9.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock worth $1,734,000 after acquiring an additional 598 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated 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 owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,097 shares of company stock valued at $37,877,471. 25.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TSLA shares. Piper Sandler reiterated an “overweight” rating and issued a $205.00 price target on shares of Tesla in a research note on Monday, April 22nd. JPMorgan Chase & Co. cut their price target on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 3rd. Truist Financial cut their price target on Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, April 24th. Edward Jones cut Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Mizuho cut their target price on Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $185.90.

Tesla Trading Down 3.5 %

TSLA traded down $6.38 during trading on Thursday, reaching $173.73. 62,067,055 shares of the stock traded hands, compared to its average volume of 100,767,586. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $554.06 billion, a PE ratio of 44.82, a P/E/G ratio of 4.58 and a beta of 2.41. The stock’s 50-day moving average is $171.15 and its 200 day moving average is $201.74. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. Equities analysts anticipate that Tesla, Inc. will post 1.89 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.