Montag A & Associates Inc. Has $936,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

Montag A & Associates Inc. decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,318 shares of the electric vehicle producer’s stock after selling 90 shares during the period. Montag A & Associates Inc.’s holdings in Tesla were worth $936,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in shares of Tesla in the 3rd quarter valued at $29,000. Peterson Financial Group Inc. bought a new stake in Tesla in the third quarter valued at $35,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Tesla during the fourth quarter valued at about $46,000. PayPay Securities Corp boosted its position in shares of Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after purchasing an additional 69 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Tesla by 692.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock worth $56,000 after purchasing an additional 187 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at $1,903,716. The trade was a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kimbal Musk sold 75,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the transaction, the director now directly owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 523,386 shares of company stock worth $195,995,200. 20.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TSLA. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Stifel Nicolaus cut their target price on Tesla from $492.00 to $474.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Morgan Stanley boosted their price target on shares of Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Piper Sandler raised their price objective on shares of Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, Glj Research reissued a “sell” rating and set a $24.86 target price on shares of Tesla in a research report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $326.50.

Tesla Stock Down 0.5 %

Shares of NASDAQ TSLA opened at $354.11 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market capitalization of $1.14 trillion, a PE ratio of 173.58, a P/E/G ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The business’s fifty day moving average price is $405.64 and its 200-day moving average price is $309.75.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, equities research analysts anticipate that Tesla, Inc. will post 2.54 EPS 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.