Lpwm LLC Reduces Position in Tesla, Inc. (NASDAQ:TSLA)

Lpwm LLC lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 35.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,455 shares of the electric vehicle producer’s stock after selling 786 shares during the period. Lpwm LLC’s holdings in Tesla were worth $377,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new position in shares of Tesla during the fourth quarter valued at approximately $56,600,000. Stephens Consulting LLC boosted its position in shares of Tesla by 126.7% during the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer’s stock valued at $644,000 after buying an additional 891 shares during the period. Strategic Family Wealth Counselors L.L.C. boosted its position in shares of Tesla by 133.7% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer’s stock valued at $1,150,000 after buying an additional 1,629 shares during the period. Harvard Management Co. Inc. purchased a new position in shares of Tesla during the fourth quarter valued at approximately $8,158,000. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Tesla by 23.0% in the fourth quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer’s stock valued at $130,158,000 after purchasing an additional 60,342 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 3.7%

Shares of NASDAQ:TSLA opened at $295.14 on Friday. The business’s 50-day moving average is $292.17 and its 200 day moving average is $333.56. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54. The firm has a market capitalization of $950.63 billion, a P/E ratio of 144.68, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the previous year, the firm posted $0.45 EPS. On average, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of research analyst reports. Raymond James lowered Tesla to an “outperform” rating in a research report on Tuesday, April 22nd. Benchmark reiterated a “buy” rating and issued a $350.00 target price on shares of Tesla in a report on Wednesday, April 23rd. Truist Financial set a $280.00 target price on Tesla in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on Tesla from $120.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 23rd. Finally, Guggenheim reiterated a “sell” rating and issued a $170.00 target price on shares of Tesla in a report on Thursday, April 24th. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average target price of $294.27.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $6,737,500. The trade was a 12.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total value of $32,096,336.20. Following the sale, the director now owns 85,000 shares in the company, valued at approximately $24,274,300. The trade was a 56.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 870,721 shares of company stock worth $286,248,728. 20.70% of the stock is currently owned by insiders.

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.