Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Xcel Wealth Management LLC

Xcel Wealth Management LLC decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,453 shares of the electric vehicle producer’s stock after selling 614 shares during the period. Tesla accounts for 1.4% of Xcel Wealth Management LLC’s portfolio, making the stock its 18th largest position. Xcel Wealth Management LLC’s holdings in Tesla were worth $5,029,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Swedbank AB increased its position in shares of Tesla by 2.8% in the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after acquiring an additional 29,669 shares in the last quarter. Foundation Wealth Management LLC acquired a new stake in shares of Tesla in the third quarter worth $225,000. Brooklyn FI LLC acquired a new stake in shares of Tesla in the third quarter worth $224,000. Clear Creek Financial Management LLC increased its position in shares of Tesla by 7.8% in the third quarter. Clear Creek Financial Management LLC now owns 12,134 shares of the electric vehicle producer’s stock worth $3,175,000 after acquiring an additional 878 shares in the last quarter. Finally, Optas LLC increased its position in shares of Tesla by 19.0% in the third quarter. Optas LLC now owns 3,200 shares of the electric vehicle producer’s stock worth $837,000 after acquiring an additional 511 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TSLA shares. Morgan Stanley reissued an “overweight” rating on shares of Tesla in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a report on Monday, December 9th. Evercore ISI raised their price target on shares of Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a report on Friday, January 3rd. Bank of America lowered shares of Tesla from a “buy” rating to a “neutral” rating and raised their price target for the company from $400.00 to $490.00 in a report on Tuesday, January 7th. Finally, Canaccord Genuity Group raised their price target on shares of Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Ten analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $318.77.

Tesla Trading Up 4.0 %

Tesla stock opened at $293.33 on Monday. The firm’s 50-day moving average is $385.35 and its 200-day moving average is $317.51. 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, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a market cap of $943.49 billion, a P/E ratio of 143.79, a PEG ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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 analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $374.21, for a total value of $975,191.26. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at $40,775,792.65. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated 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 sale, the director now 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 disclosure for this sale can be found here. Insiders have sold a total of 403,996 shares of company stock worth $153,721,387 in the last ninety days. 20.70% of the stock is 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.