Personal CFO Solutions LLC Sells 6,811 Shares of Tesla, Inc. (NASDAQ:TSLA)

Personal CFO Solutions LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA) by 39.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,449 shares of the electric vehicle producer’s stock after selling 6,811 shares during the quarter. Tesla makes up 0.8% of Personal CFO Solutions LLC’s portfolio, making the stock its 18th biggest position. Personal CFO Solutions LLC’s holdings in Tesla were worth $4,220,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TSLA. Transcendent Capital Group LLC bought a new stake in shares of Tesla in the 3rd quarter valued at about $29,000. Peterson Financial Group Inc. bought a new position in shares of Tesla during the 3rd quarter worth approximately $35,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Tesla during the 4th quarter worth approximately $46,000. PayPay Securities Corp raised its stake 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 acquiring an additional 69 shares in the last quarter. Finally, Rialto Wealth Management LLC bought a new position in shares of Tesla during the 4th quarter worth approximately $55,000. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com lowered shares of Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Canaccord Genuity Group boosted their price objective on shares of Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Evercore ISI boosted their target price on shares of Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a research report on Friday, January 3rd. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $365.00 target price on shares of Tesla in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $327.37.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $262.67 on Friday. The company’s fifty day moving average price is $367.78 and its 200 day moving average price is $318.71. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a market capitalization of $844.88 billion, a PE ratio of 128.76, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $32,643,400. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 422,452 shares of company stock worth $153,659,530. Company insiders own 20.70% of the company’s stock.

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.