LWM Advisory Services LLC Acquires 225 Shares of Tesla, Inc. (NASDAQ:TSLA)

LWM Advisory Services LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,717 shares of the electric vehicle producer’s stock after acquiring an additional 225 shares during the quarter. LWM Advisory Services LLC’s holdings in Tesla were worth $427,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wyrmwood Management LLC acquired a new position in Tesla in the 4th quarter worth $25,000. Lam Group Inc. acquired a new position in shares of Tesla during the fourth quarter worth about $25,000. Mendota Financial Group LLC grew its holdings 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 worth $34,000 after buying an additional 91 shares in the last quarter. Kathleen S. Wright Associates Inc. raised its position in Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after buying an additional 100 shares during the last quarter. Finally, Cordant Inc. bought a new stake in Tesla in the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TSLA. Truist Financial decreased their price target on shares of Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, April 24th. Robert W. Baird reaffirmed an “outperform” rating and issued a $280.00 target price on shares of Tesla in a research report on Wednesday, April 17th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Wednesday, April 24th. Morgan Stanley lowered their target price on Tesla from $320.00 to $310.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Finally, Mizuho reduced their price target on Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and a consensus price target of $184.32.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on 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 sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock valued at $38,802,534 in the last quarter. Company insiders own 20.90% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock traded up $25.76 during trading on Monday, reaching $194.05. The company’s stock had a trading volume of 243,386,278 shares, compared to its average volume of 105,090,164. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. The firm has a market cap of $618.86 billion, a PE ratio of 48.47, a P/E/G ratio of 4.45 and a beta of 2.40. The business’s 50-day moving average price is $175.04 and its 200-day moving average price is $207.22. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04.

About Tesla

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.