Solutions 4 Wealth Ltd Has $470,000 Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Solutions 4 Wealth Ltd increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,815 shares of the electric vehicle producer’s stock after purchasing an additional 36 shares during the period. Tesla accounts for approximately 0.8% of Solutions 4 Wealth Ltd’s investment portfolio, making the stock its 29th biggest holding. Solutions 4 Wealth Ltd’s holdings in Tesla were worth $470,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TSLA. True Wealth Design LLC increased its stake in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 31 shares during the last quarter. Navigoe LLC bought a new position in Tesla in the 4th quarter valued at $37,000. Cherry Tree Wealth Management LLC boosted its holdings in Tesla by 86.3% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 44 shares during the period. First PREMIER Bank raised its position in shares of Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer’s stock valued at $25,000 after buying an additional 42 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Tesla in the 4th quarter worth $39,000. Institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TSLA. William Blair lowered shares of Tesla from an “outperform” rating to a “market perform” rating in a research note on Monday, July 7th. Cfra Research cut shares of Tesla from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Robert W. Baird reaffirmed a “neutral” rating and set a $320.00 target price on shares of Tesla in a report on Monday, June 9th. HSBC reissued a “reduce” rating and issued a $120.00 price objective on shares of Tesla in a research note on Thursday, July 3rd. Finally, Roth Mkm lowered their price objective on shares of Tesla from $450.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $303.31.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,000 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 5,924 shares of the company’s stock, valued at $1,777,200. This trade represents a 25.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the sale, the director directly owned 855,394 shares of the company’s stock, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 606,724 shares of company stock valued at $215,376,831 over the last ninety days. 20.70% of the stock is owned by insiders.

Tesla Trading Up 3.6%

NASDAQ TSLA opened at $319.91 on Thursday. The firm’s 50-day moving average is $319.80 and its two-hundred day moving average is $309.56. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. Tesla, Inc. has a 12 month low of $191.48 and a 12 month high of $488.54. The stock has a market capitalization of $1.03 trillion, a P/E ratio of 184.92, a PEG ratio of 10.85 and a beta of 2.33.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.