Cyndeo Wealth Partners LLC Has $6.17 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Cyndeo Wealth Partners LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 23,809 shares of the electric vehicle producer's stock after buying an additional 1,236 shares during the period. Cyndeo Wealth Partners LLC's holdings in Tesla were worth $6,170,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Tesla in the 4th quarter valued at about $14,420,248,000. FMR LLC lifted its position in shares of Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after acquiring an additional 9,920,325 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Tesla by 27,378.6% in the first quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock worth $2,542,960,000 after buying an additional 9,776,607 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Tesla by 4,963.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock worth $2,356,288,000 after acquiring an additional 5,719,466 shares during the period. Finally, Northern Trust Corp grew its position in Tesla by 21.6% during the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after purchasing an additional 5,075,418 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $6,737,500. The trade was a 12.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the sale, the senior vice president now owns 67,600 shares in the company, valued at approximately $21,889,556. This trade represents a 18.16% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 833,509 shares of company stock worth $278,648,925. Company insiders own 20.70% of the company's stock.

Tesla Price Performance

Shares of NASDAQ TSLA traded down $12.40 during trading on Tuesday, reaching $316.73. The company had a trading volume of 87,311,908 shares, compared to its average volume of 100,682,398. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. The business's 50 day moving average price is $301.53 and its 200-day moving average price is $332.77. Tesla, Inc. has a 52 week low of $179.66 and a 52 week high of $488.54. The stock has a market cap of $1.02 trillion, a PE ratio of 174.03, a PEG ratio of 12.36 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 6.66% and a return on equity of 9.02%. During the same period last year, the business posted $0.45 earnings per share. Analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

TSLA has been the topic of several research reports. Piper Sandler reaffirmed an "overweight" rating and issued a $400.00 target price on shares of Tesla in a research report on Tuesday, June 10th. Robert W. Baird reissued a "neutral" rating and set a $320.00 target price on shares of Tesla in a research report on Monday, June 9th. Argus reissued a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Benchmark reissued a "buy" rating and set a $350.00 target price on shares of Tesla in a research report on Wednesday, April 23rd. Finally, Baird R W downgraded Tesla from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 9th. Ten investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $293.67.

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.