Onyx Bridge Wealth Group LLC Sells 334 Shares of Tesla, Inc. (NASDAQ:TSLA)

Onyx Bridge Wealth Group LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,101 shares of the electric vehicle producer’s stock after selling 334 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Tesla were worth $1,764,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wyrmwood Management LLC bought a new stake in Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. bought a new stake in Tesla during the 4th quarter worth approximately $25,000. Alpha Paradigm Partners LLC bought a new position in shares of Tesla in the third quarter valued at approximately $27,000. MayTech Global Investments LLC purchased a new stake in shares of Tesla during the fourth quarter valued at approximately $30,000. Finally, Mendota Financial Group LLC increased its position in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after acquiring an additional 91 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now directly 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 SEC, which is accessible through the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was 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 directly owns 15,000 shares in the company, valued at $2,920,950. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 price target on shares of Tesla in a research report on Wednesday. Sanford C. Bernstein decreased their price target on Tesla from $150.00 to $120.00 and set an “underperform” rating for the company in a research report on Tuesday, March 26th. Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of Tesla in a research report on Friday. Mizuho reaffirmed a “neutral” rating and issued a $195.00 price target (down from $270.00) on shares of Tesla in a report on Monday, March 25th. Finally, Deutsche Bank Aktiengesellschaft lowered Tesla from a “buy” rating to a “hold” rating and cut their price target for the stock from $189.00 to $123.00 in a report on Thursday. Ten investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $194.70.

Tesla Trading Down 1.9 %

NASDAQ:TSLA traded down $2.88 during mid-day trading on Friday, reaching $147.05. 86,914,652 shares of the company’s stock traded hands, compared to its average volume of 101,650,617. Tesla, Inc. has a 12-month low of $146.22 and a 12-month high of $299.29. The firm has a market capitalization of $468.32 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 4.11 and a beta of 2.39. 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 company has a 50 day moving average price of $178.51 and a 200-day moving average price of $211.48.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 earnings per share. On average, sell-side analysts predict that Tesla, Inc. will post 1.97 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.