Atticus Wealth Management LLC Sells 81 Shares of Tesla, Inc. (NASDAQ:TSLA)

Atticus Wealth Management LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,723 shares of the electric vehicle producer’s stock after selling 81 shares during the quarter. Atticus Wealth Management LLC’s holdings in Tesla were worth $677,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Family Investment Center Inc. bought a new stake in shares of Tesla during the fourth quarter valued at approximately $240,000. Kingdom Financial Group LLC. boosted its stake in Tesla by 3.6% in the fourth quarter. Kingdom Financial Group LLC. now owns 2,258 shares of the electric vehicle producer’s stock valued at $561,000 after acquiring an additional 79 shares during the last quarter. Red Door Wealth Management LLC boosted its stake in Tesla by 18.4% in the fourth quarter. Red Door Wealth Management LLC now owns 3,465 shares of the electric vehicle producer’s stock valued at $861,000 after acquiring an additional 538 shares during the last quarter. Jamison Private Wealth Management Inc. boosted its stake in Tesla by 1.9% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 17,663 shares of the electric vehicle producer’s stock valued at $4,389,000 after acquiring an additional 326 shares during the last quarter. Finally, Mason & Associates Inc boosted its stake in Tesla by 4.1% in the fourth quarter. Mason & Associates Inc now owns 7,515 shares of the electric vehicle producer’s stock valued at $1,867,000 after acquiring an additional 296 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 198,598 shares of company stock valued at $36,952,434. Company insiders own 20.90% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $177.67 on Wednesday. The company has a market cap of $565.84 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 3.90 and a beta of 2.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The firm has a 50-day moving average of $189.34 and a 200-day moving average of $222.86. Tesla, Inc. has a one year low of $152.37 and a one year high of $299.29.

Tesla (NASDAQ:TSLAGet Free Report) last announced its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 EPS. As a group, equities analysts forecast that Tesla, Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TSLA. KGI Securities reaffirmed a “neutral” rating and issued a $213.00 price objective (down from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Sanford C. Bernstein cut their target price on shares of Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Tesla from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Mizuho reiterated a “neutral” rating and issued a $195.00 target price (down from $270.00) on shares of Tesla in a report on Monday. Finally, Edward Jones lowered shares of Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus price target of $208.04.

Get Our Latest Research Report on TSLA

About Tesla

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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