Legacy Capital Wealth Partners LLC Buys 66 Shares of Tesla, Inc. (NASDAQ:TSLA)

Legacy Capital Wealth Partners LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,953 shares of the electric vehicle producer’s stock after acquiring an additional 66 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Tesla were worth $1,002,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Mount Vernon Associates Inc. MD boosted its position in Tesla by 5.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after purchasing an additional 350 shares during the last quarter. Oak Ridge Investments LLC increased its stake in Tesla by 4.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock worth $8,065,000 after acquiring an additional 1,405 shares during the last quarter. Corient Private Wealth LLC increased its stake in Tesla by 3.7% in the 3rd quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock worth $182,352,000 after acquiring an additional 25,943 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in Tesla by 16.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock worth $11,533,000 after acquiring an additional 6,615 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Tesla by 11.8% in the 4th quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock worth $193,935,000 after purchasing an additional 81,729 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Down 1.1 %

Shares of TSLA traded down $1.89 during mid-day trading on Friday, hitting $168.29. 109,309,500 shares of the company traded hands, compared to its average volume of 100,050,800. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $536.71 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 4.45 and a beta of 2.39. The business has a 50 day moving average of $175.04 and a 200 day moving average of $207.61.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter last year, the company earned $1.07 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup increased their price target on Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday. Bank of America raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research note on Wednesday. Edward Jones lowered shares of Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. KGI Securities restated a “neutral” rating and set a $213.00 target price (down previously from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Finally, Barclays cut their target price on Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $186.70.

Insider Activity

In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 over the last 90 days. 25.10% of the stock is currently owned by corporate 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.