Tesla, Inc. (NASDAQ:TSLA) Stock Position Reduced by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 40.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,541 shares of the electric vehicle producer’s stock after selling 1,727 shares during the quarter. Tesla makes up approximately 0.7% of Whalen Wealth Management Inc.’s holdings, making the stock its 26th largest position. Whalen Wealth Management Inc.’s holdings in Tesla were worth $1,026,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Transcendent Capital Group LLC acquired a new stake in shares of Tesla during the third quarter worth $29,000. Clean Yield Group raised its stake in Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after acquiring an additional 48 shares during the period. Peterson Financial Group Inc. bought a new position in Tesla in the third quarter worth about $35,000. M&R Capital Management Inc. boosted its stake in Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Finally, Finley Financial LLC bought a new position in shares of Tesla during the fourth quarter valued at approximately $64,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Down 1.4 %

NASDAQ TSLA opened at $406.58 on Friday. The firm’s 50 day moving average price is $398.82 and its two-hundred day moving average price is $294.03. The stock has a market cap of $1.31 trillion, a price-to-earnings ratio of 111.39, a PEG ratio of 8.42 and a beta of 2.30. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. Tesla’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts anticipate that Tesla, Inc. will post 2.01 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the sale, the director now owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 617,886 shares of company stock valued at $212,451,751 in the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on TSLA. Piper Sandler boosted their price objective on Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group upped their price target on shares of Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Mizuho upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $230.00 to $515.00 in a research report on Tuesday, December 17th. Stifel Nicolaus upped their target price on shares of Tesla from $411.00 to $492.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Guggenheim lifted their price target on Tesla from $156.00 to $175.00 and gave the company a “sell” rating in a report on Thursday, December 5th. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus target price of $313.84.

Tesla 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.